The SEC approved amendments to FINRA Rule 5110 (Corporate Financing Rule—Underwriting Terms and Arrangements) to expand the circumstances in which termination fees and rights of first refusal are permissible; exempt from the filing requirements certain collective investment vehicles that are not registered as investment companies; and make clarifying, nonsubstantive changes regarding documents filed through FINRA’s electronic filing system. The amendments become effective May 15, 2014.
Effective Date: May 15, 2014
Questions concerning this Notice should be directed to:
- Paul Mathews, Vice President, Corporate Financing, at (240) 386-4623;
- James S. Wrona, Vice President and Associate General Counsel, Office of General Counsel (OGC), at (202) 728-8270;
- Kathryn M. Moore, Associate General Counsel, OGC, at (202) 728-8200.