United States (US) – Page 12 – Global Investment Law Watch

Australia: A Proxy Advice Regulation Rollercoaster

Feb 16 2022

By: Jim Bulling and Phoebe Naylor

Controversial regulations seeking to govern the provision of proxy advice services were introduced by the Government in late December 2021. The Treasury Laws Amendment (Greater Transparency of Proxy Advice) Regulations 2021 (the Regulations) introduced a definition of “proxy advice” and prescribed it as a financial service. In summary, proxy advice was defined as an offer of voting recommendations to specified entities, in relation to the exercise of their voting rights attached to securities or interests.

United States: Reporting of U.S. Ownership on TIC form SHC Due by March

Feb 15 2022

By: Todd Gibson

It’s time again for the U.S. Department of the Treasury’s mandatory five-year benchmark survey of the ownership of foreign securities by U.S. residents. All U.S. custodians and end-investors that exceed the applicable reporting threshold of reportable foreign must complete Form SHC and file it electronically or by email with the Federal Reserve Bank of New York no later than 4 March 2022.

Interested in learning more? Our recent alert provides details about who is required to report, the structure and purpose of the form, which securities are reportable, the penalties for noncompliance, and the confidentiality of data. The alert also provides a links to the Federal Register notice announcing the survey and instructions for Form SHC on the Department of Treasury website.

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Tag:United States (US)