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Cryptocurrency Rules Significantly Broadened in Japan

On April 3, 2020, the Japanese Financial Services Agency issued amended regulations to carry out changes made last year to the Japanese Payment Services Act and Financial Instruments Exchange Act. The new regulations go into effect on May 1, 2020, and reflect major changes in the regulations. While the changes are extensive and beyond the... Read more »

Additional Money and Coverage of CARES Act

On April 23, 2020, the federal House of Representatives followed the Senate in passing the nearly $400 million new coronavirus support bill, including another $310 billion for the Paycheck Protection Program (the “PPP”) established by the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act passed in March, and an increase in the Economic Injury Disaster... Read more »

SEC Will Begin Examining Compliance With Reg BI After June Implemetation Date

On April 7, 2020, the Office of Compliance Inspections and Examinations (the “OCIE”) of the Securities and Exchange Commission (the “SEC”) issued a Risk Alert to tell broker-dealers that it would begin to examine them for compliance with Regulation BI (Best Interest) (“Reg BI”) after the June 30, 2020, implementation date. This effectively means that... Read more »

CARES Act Programs for Small Businesses

On March 27, 2020, the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”) was signed into law. This enormous law was intended to provide support for businesses and individuals affected by the Coronavirus epidemic. The adoption of the law was followed by regulations and guidance with respect to the programs for relatively small... Read more »

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