Securities and Derivatives Reform in 2010: A Guide to the Legislation
provides comprehensive analysis of the securities, derivatives and corporate
governance provisions of the Dodd-Frank Wall Street Reform and Consumer
Protection Act. These historic reforms are transforming the way hedge
funds, credit rating agencies, broker-dealers, investment advisers, futures
commission merchants, clearing organizations, auditors and public
companies—and the attorneys who advise these entities—must operate. A
complement to the initial Law, Explanation and Analysis, this
follow-up book delves deeper into the SEC and CFTC aspects. It also displays
the Act provisions in two ways: (1) as passed; and (2) as codified into
existing laws (e.g., the relevant Exchange Act provisions, as amended).
Written by the CCH Editorial Staff of Securities Attorneys, the 1,630 page
book explains every provision of this complex legislation affecting the areas
of securities, derivatives and corporate governance. Another component is
commentary, guidance and best practices from leading practitioners in the
industry. These include members of our CCH Securities Law Advisory Board:
James Doty of Baker Botts LLP, Ralph Ferrara of Dewey & LeBoeuf and Simon
Lorne of Millennium Partners LP (all of whom are former SEC General Counsel)
as well as Andy Bernstein of Cleary Gottlieb Steen & Hamilton LLP, Ann Yerger,
Executive Director, Council of Institutional Investors; and Former Delaware
Vice Chancellor, Steven Lamb.
Further, the book includes late-breaking and detailed legislative history on
the derivatives provisions and how Congress wants the SEC and CFTC to adopt
these regulations to implement Title VII. Much of the legislative history is
from Senator Blanche Lincoln, the principal author of the derivatives title of
Dodd-Frank, and from Senator Chris Dodd. There is also material from an
SEC-CFTC roundtable on the coming derivatives regulations attended by key SEC
and CFTC staffers, including Robert Cook, SEC Director of Trading and Markets,
and former Federal Reserve Board Governor, Randy Kroszner.
Explanation of the legislation includes analysis of the relevant legislative
history, detailed citations to new and amended law sections, editorial
comments and caution notes. Other features include: the full text of the
committee reports, tables of effective dates and statutes amended, and a
topical index.
