The FTC recently revised the Hart-Scott-Rodino thresholds effective for transactions closing on or after February 14, 2013. Transactions that exceed the thresholds must be reported to the FTC and DOJ for antitrust review before closing. The FTC annually updates the thresholds when there are changes to gross national product. In a recent client alert, Wilson Sonsini summarizes the updated thresholds and compares them to last year’s amounts.
FINRA recently invited those intending to become crowdfunding portals to voluntarily share information about their business. FINRA stated that submissions will be free and all information will be kept confidential. FINRA plans to use the information to develop rules for the portals. In a recent client alert, Davis Polk summarizes what information FINRA is seeking and how it may play into the larger scheme of crowdfunding rule development.
The SEC recently approved new compensation committee requirements for companies listed on the NYSE and Nasdaq. The requirements are designed to enhance compensation committee independence and specify compensation committee authority and responsibility. Companies are required to comply by the earlier of their first board meeting following January 15, 2014 or October 31, 2014. In a recent client alert, Skadden explains the new requirements and which companies are subject to them.