Comprehensive explanation of 12b-1 fees, which are annual marketing or distribution fees included in a mutual fund's expense ratio. Discover their purpose, calculation, implications, and regulatory background.
A comprehensive look into the Association of Authorized Public Accountants (AAPA), including its history, types of membership, key events, importance, applicability, and related terms.
A regulation that requires lenders to determine a consumer's ability to repay a loan before extending credit, ensuring financial stability and protecting consumers from predatory lending practices.
A comprehensive look at Abusive Tax Shelters, including historical context, types, key events, explanations, diagrams, importance, applicability, examples, related terms, comparisons, facts, stories, quotes, expressions, jargon, FAQs, references, and summary.
An in-depth look at the Accounting Standards Board (ASB), its history, functions, key developments, and its eventual transition into the Financial Reporting Council.
An in-depth exploration of the Accounting Principles Board (APB), its history, function, significance, and eventual replacement by the Financial Accounting Standards Board (FASB).
An in-depth overview of audit exemption, including its historical context, regulations, types of exemptions, importance, and related concepts.
Comprehensive exploration of Automatic Exchange of Information (AEOI), its history, categories, key events, significance, examples, related terms, and more.
The Bank Secrecy Act (BSA) is a U.S. law directing financial institutions to maintain records and file reports that are critical in detecting and preventing money laundering activities.
A comprehensive look into boiler room operations, fraudulent securities selling over the phone, and how investors can protect themselves.
A detailed exploration of bouncing cheques, including their causes, effects, and implications in the banking sector.
Detailed exploration of the term 'Chargeable Person' in the context of UK Capital Gains Tax.
An in-depth exploration of the Combined Code, its historical context, principles, key events, and relevance in corporate governance for UK companies.
Control securities are owned by an affiliate of the issuing company and are subject to volume restrictions regardless of how they were acquired. This article provides an in-depth look at control securities, including their historical context, key regulations, and relevance in the financial market.
A detailed exploration of the Central Registration Depository (CRD), its historical context, functionality, importance in the financial industry, and more.
A detailed explanation of cross trades in financial markets, including definitions, examples, implications, and related terms such as each way commissions.
Customer Due Diligence (CDD) is the process of conducting background checks to ensure the legitimacy of the customer. It is essential in financial sectors to prevent money laundering and financial fraud.
An in-depth look at the Dividend Tax in the UK, its history, rates, importance, and implications for taxpayers.
An exploration into Designated Professional Bodies (DPBs), their roles, significance, and the regulatory framework surrounding them.
An in-depth look at the Emerging Issues Task Force (EITF), its purpose, history, and impact on the Financial Accounting Standards Board (FASB) in addressing new accounting issues promptly and effectively.
The European Payments Council (EPC) is an entity responsible for managing and developing the SEPA scheme to ensure standardized and efficient cross-border payments within the Eurozone.
A comprehensive guide to the European Court of Auditors, its historical context, key events, functions, importance, and more.
Comprehensive article on the Financial Action Task Force (FATF), its history, functions, types, importance, and related terms.
A comprehensive comparison of the Fair Credit Reporting Act (FCRA) in the United States and other global Credit Reporting Acts (CRA). This article covers their history, key events, differences, importance, applicability, and more.
An in-depth look at the Financial Policy Committee, its historical context, key roles, responsibilities, and impact on the financial system.
Detailed examination of Financial Reporting Standards issued by the UK Accounting Standards Board and the Financial Reporting Council, highlighting their history, importance, and application.
A comprehensive guide to Form 144, its significance in financial markets, and its usage by insiders to sell control securities within regulatory frameworks.
An in-depth exploration of the Form Over Substance Doctrine, its historical context, applications, and implications.
An in-depth look at Financial Reporting Exposure Drafts (FRED), their significance in financial accounting, and their impact on financial reporting standards.
The General Power of Investment is a power introduced by the Trustee Act 2000 that allows trustees to make any kind of investment they could make if they were absolutely entitled to the assets of the trust fund. It marks a significant change from previous restrictions on trustee investments.
The Gramm-Rudman-Hollings Act aimed to reduce the US fiscal deficit by setting legal targets for budget reductions.
An in-depth exploration of insider dealing, its legal implications, key events, and broader economic impact.
An in-depth look at insider dealing, including its historical context, types, key events, legal aspects, and its significance in financial markets.
A detailed exploration of International Banking Facilities, their history, types, significance, and impact on the global financial system.
Comprehensive guidelines provided by the IRS on the proper documentation and deduction of travel, entertainment, gift, and car expenses for business purposes.
An in-depth look at the mandatory reserves required by law to be maintained by a company, including historical context, types, key events, importance, and applicability.
A comprehensive guide on Nominated Adviser (Nomad), including historical context, key roles, importance, types, and real-world examples in the AIM regulations framework.
A detailed exploration of non-conforming loans, their types, key considerations, examples, historical context, and applicability in the financial market.
An official receiver is a person appointed by the Secretary of State for Business, Innovation and Skills to act as a receiver in bankruptcy and winding-up cases. The High Court and county courts have jurisdiction over insolvency matters, and official receivers serve as officers of the court, often acting as liquidators of companies being wound up.
A comprehensive overview of Offshore Financial Centres, their historical context, types, key events, and their significance in global finance.
A penalty imposed for repeated inaccuracies in VAT returns, highlighting the financial consequences for persistent errors.
A comprehensive examination of the concept, function, and application of price bands within financial trading sessions.
An in-depth exploration of price-sensitive information, its types, significance, and implications within financial markets.
Information associated with a Legal Entity Identifier (LEI), including entity name, address, and registration details.
Revenue Rulings are official interpretations of tax laws by the IRS, providing guidance on how laws are applied in specific situations. They are binding on the IRS but not on the courts.
Risk-Weighted Asset (RWA) is the value of assets adjusted by their risk weight, used in banking to determine the minimum capital that financial institutions must hold.
The policy of appointing an audit firm for a set period to ensure independence and reduce conflicts of interest.
An in-depth article on Solicitors' Accounts, detailing their historical context, key regulations, the importance of separate client money accounting, and related aspects in legal and financial practice.
Detailed exploration of structuring a deposit, often referred to as smurfing, its implications in finance, related regulations, and detection methods.
A detailed guide on the concept of a substantial donor in the realm of charity and tax regulations, outlining definitions, historical context, key events, and implications.
A Supervisory Analyst is a professional tasked with reviewing and approving research reports to ensure they meet regulatory and quality standards.
The Up Tick Rule, a former SEC regulation, required every short sale transaction to be executed on an up tick. This measure was aimed at preventing short sellers from exacerbating a decline in a stock's price.
A comprehensive guide to understanding voidable transactions, their legal basis, implications, and related terms.
The Yellow Book is a comprehensive set of regulations issued by the Financial Conduct Authority (FCA), governing the admission of securities to the Official List of the London Stock Exchange and the ongoing obligations of listed companies.
A comprehensive overview of the Constructive Receipt of Income doctrine, its principles, applications, and implications in taxation, exemplified by various scenarios.
A comprehensive overview of deficiency judgments, their legal implications, historical context, examples, and related terms in the context of loan defaults.
Comprehensive understanding of the principles, rules, and procedures governing the accounting systems used by federal, state, and local government units.
Nonpublic Information involves facts about a company that can significantly impact its stock price when made public. It includes restrictions on trading for insiders until the information is disclosed to the public.
A comprehensive guide to understanding Trading Range in commodities and securities, including definitions, examples, and related terms.
An in-depth look at the 48-hour rule, detailing its definition, operational mechanisms, and practical examples.
An in-depth examination of Anti-Money Laundering (AML) regulations, their historical development, and the mechanisms by which they work to prevent financial crimes.
An in-depth exploration of bank reserves, including their definition, purpose, different types, regulatory requirements, and their impact on the economy.
An in-depth exploration of churning in finance, including its definition, types, impact on clients, and regulatory considerations.
An in-depth explanation of the De Minimis Tax Rule, its calculation, and practical examples with applications in bond investments.
A comprehensive overview of a Domestic Relations Order (DRO), including its meaning, regulations, applications, and impacts on retirement benefits.
Comprehensive overview of exempt transactions in securities, covering their definition, mechanisms, legal implications, and key considerations for businesses.
An in-depth exploration of fractional reserve banking, detailing its mechanism, historical context, implications for the economy, and role in modern finance.
An in-depth exploration of front-running, a form of insider trading where trades are made based on non-public future transaction knowledge, including its definition, examples, and legal implications.
Learn about Hawala, an informal system for transferring money without the physical movement of currency. Discover how it works, its legal status, and government regulations.
A comprehensive guide to understanding insider trading, its legal boundaries, and its implications in the financial world.
A comprehensive guide to the Investment Advisers Act of 1940, detailing the role, responsibilities, and legal requirements for investment advisers in the United States.
The Katie Couric Clause refers to a proposed 2006 SEC rule that aimed to mandate firms to disclose the compensation of non-executive employees. Although it was never adopted, the clause sparked significant discussion and controversy.
The Kiddie Tax is a tax policy affecting individuals under the age of 18 or up to 24 in certain circumstances, aimed at taxing unearned income above a specific threshold. This article delves into its definition, functioning, and applicability.
A comprehensive overview of MiFID II, covering its definition, specific regulations, who it affects, and its purpose within the financial markets.
A comprehensive exploration of naked short selling, its operational mechanics, legal status, and associated controversies in financial markets.
A comprehensive guide to understanding noncovered securities, their reporting rules, and how they differ from covered securities, including historical context and examples.
A comprehensive overview of the Options Clearing Corporation (OCC), including its role as an issuer and guarantor of options and futures contracts, historical context, and regulatory frameworks.
A comprehensive overview of the Qualified Foreign Institutional Investor (QFII) program, including its definition, rules, significance, historical context, and impact on China's stock markets.
An in-depth exploration of the Qualified Special Representative Agreement (QSR), a strategic agreement allowing broker-dealers to clear trades independently of the Nasdaq ACT system.
An in-depth exploration of quote stuffing, a high-frequency trading tactic involving the rapid placement and cancellation of orders, its mechanisms, implications, and regulatory aspects.
An in-depth look at Regulation A, its definition, latest updates, necessary documentation, and the different tiers of small public offerings of securities.
A thorough exploration of Regulation DD, detailing its purpose, functionality, frequently asked questions, and implications for consumers and financial institutions.
In-depth coverage of Regulation E, outlining rules for electronic funds transfers, guidelines for debit card issuers and sellers, and consumer protections.
An in-depth look at Regulation Z, its primary objectives, and the historical background of the Truth in Lending Act. Discover the protections for consumer borrowers, key provisions, and its impact on financial transparency.
An in-depth exploration of related-party transactions, their definitions, practical examples, and the associated disclosure rules. Understand the impact and regulatory requirements of transactions between preexisting business relationships.
Detailed exploration of SEC Rule 144A, its provisions, how it modifies holding period requirements for privately placed securities, benefits, and criticisms.
A trading halt is a temporary stop in the trading of a particular security on one or more exchanges. This article explores the definition, mechanisms, and common causes of trading halts.
A comprehensive overview of the Unemployment Compensation Amendments of 1992, focusing on the provisions that allow terminated employees to roll over employer-sponsored retirement savings to another account.
An in-depth look at the Uniform Consumer Credit Code (UCCC), including its meaning, guidelines, history, and impact on consumer credit products.
An in-depth look at the Uniform Prudent Investor Act (UPIA), covering its meaning, updates, guidelines, and implications for trustees managing trust assets.
An in-depth exploration of the Uniform Rules for Demand Guarantees (URDG), detailing their development, implementation, and significance in international trade and finance.
An in-depth overview of the Volcker Rule, its definition, purpose, functioning mechanism, and the various critiques surrounding it.
A comprehensive guide to voluntary reserves, including definitions, types, considerations, examples, historical context, and applicability in the financial industry.
A comprehensive guide to understanding Wells Notices, including their definition, the process involved, and the implications for individuals and organizations.
A comprehensive exploration of black money, including its meaning, definition, sources, and economic implications.
An in-depth exploration of wrongful dishonor, detailing its meaning, operational mechanisms, and practical examples. Understand how wrongful dishonor affects the banking sector and legal implications.
