1

Many issuers and their affiliated broker-dealers have an elaborate new product approval process, but may focus less time on the post-approval review.

2

Starting in 2019, U.S. globally systemically important banking organizations ("GSIBs") and their subsidiaries worldwide, as well as the U.S. subsidiaries, branches and agencies of foreign GSIBs

3

A significant portion of the law and regulation applicable in the United Kingdom (the "UK") pre-Brexit is derived from the European Union ("EU").

4

The Investor Advocate Report also included a report on the newly developed research initiative POSITIER (Policy Oriented Stakeholder and Investor Testing for Innovative and Effective Regulation).

5

The Office of the Investor Advocate released its "Report on Activities for the Fiscal Year 2018" (the "Report").2 During the 2018 fiscal year, the Investor Advocate focused significant attention

6

"Product intervention" means that regulators have the power to ban or restrict certain types of financial instruments or activities, for example, by imposing restrictions on the type of investors to which certain financial instruments ...

7

Introduction to the ISDA Benchmarks Supplement.

8

The North American Securities Administrators Association (NASAA) released its 2018 Enforcement Report based on 2017 data collected from 51 NASAA US members.

9

RegTech may be particularly helpful as FINRA members begin to engage in electronic structured products trading platforms.

10

The legislators are concerned that proposed Regulation BI relies heavily on disclosures to investors without any evidence suggesting that these disclosures would be effective.

11

The Relationship Summary would require broker-dealers and investment advisers to disclose in a succinct manner their relationships with retail investors.

12

For each cessation trigger and the steps in the two waterfalls above, the Consultation requests input from market participants as to their feasibility and other aspects.

13

REVERSEinquiries is Mayer Brown's new structured and market-linked products-focused newsletter. In this issue, we discuss: