Securities Law › International Law & Trade › Communications & Media Law

United Kingdom Aims to Minimise the Transition and Marketing Requirements For AIFMs Under AIFMD

INTRODUCTION - On 13 May 2013, HM Treasury published a response document to its earlier consultation regarding transposition of the Alternative Investment Fund Managers Directive (AIFMD) in the UK, along with amended...more

SEC Roundtable Discusses Current Securities Law Topics at 33rd Annual Ray Garrett Jr. Corporate and Securities Law Institute

On May 2, Lona Nallengara and Shelley E. Parratt, the acting director and the deputy director, respectively, of the Securities and Exchange Commission’s Division of Corporation Finance, participated in a roundtable...more

OSC’s Crowdfunding Proposal Receives Favourable Comments

On March 8, 2013, the Ontario Securities Commission (OSC) closed the comment period on its Staff Consultation Paper 45-710: Considerations for New Capital Raising Prospectus Exemptions (the Consultation Paper), which sought...more

Release of new book on the 'Best Practices Under the FCPA and Bribery Act" [Video]

This past week, my second book, “Best Practices Under the FCPA and Bribery Act” was released. Over the past few years I have tried to provide the compliance practitioner with solid information that can be used to implement,...more

FundersClub: What Does The SEC’s No-Action Relief Really Mean?

On March 26, 2013, the United States Securities and Exchange Commission (SEC) issued a no-action letter to FundersClub Inc. and FundersClub Management LLC. There has been speculation in the crowdfunding, VC and angel investor...more

SEC's Division of Trading and Markets Releases FAQs Regarding Rule 15a-6 and Foreign Broker-Dealers

Rule 15a-6 under the Securities Exchange Act of 1934 provides conditional exemptions from broker-dealer registration for foreign broker-dealers that engage in certain specified activities involving U.S. investors. These...more

Disclosure tips for 2013

The proxy and annual reporting season has begun, with relatively few changes in reporting requirements from last year. Here are some tips to take you through the season and prepare for changes to come. 1. Consider the...more

China 20/20 Legal and Regulatory Developments - January 2013

In This Issue: SAFE Issues Notice of State Administration of Foreign Exchange on Further Improving and Adjusting Foreign Exchange Policies Related to Direct Investment; SAFE Makes Revisions to Provisions on Foreign...more

White Collar Watch - November 2012

In This issue: - DOJ and SEC Issue Long-Awaited Guidance on the FCPA - Recent Sentencings of Executives Serve as Reminder of Risks of Responsible Corporate Officer Prosecutions; Risks Grow for Medical Device...more

Focus on Securities - Will Canada Make Room for Crowdfunding?

In This Issue: - 1. Will Canada Make Room for Crowdfunding? - 2. Contact Us Excerpt From “Will Canada Make Room for Crowdfunding?” When the U.S. recently changed its securities laws to enable...more

Tyco International – The Importance of the Books and Records under the FCPA

On Monday, the Securities and Exchange Commission (SEC) and Department of Justice (DOJ) announced settlement with Tyco International (Tyco) for books and records violation of the Foreign Corrupt Practices Act (FCPA). Tyco...more

SEC Proposes Rule to Eliminate Prohibition Against General Solicitation and General Advertising in Rule 506 and Rule 144A...

On August 29, 2012, the U.S. Securities and Exchange Commission (SEC) issued for public comment a proposal to eliminate the prohibition against general solicitation and general advertising contained in Regulation D...more

SEC Adopts Dodd-Frank Rules Regarding Conflict Minerals and Payments by Resource Extraction Issuers and Defers Rules for...

On August 22, 2012, the SEC adopted disclosure rules required by Sections 1502 and 1504 of the Dodd-Frank Wall Street Reform and Consumer Protection Act related to conflict minerals and payments by issuers engaged in resource...more

The JOBS Act of 2012: Benefits for Foreign Issuers Accessing the U.S. Capital Markets

On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act (the “JOBS Act”) containing important changes to U.S. federal securities laws that should make the U.S. capital markets more appealing...more

Accessing the US markets -- A warmer climate for foreign issuers

This article first appeared in the June 2012 issue of PLC Magazine. For years now, business leaders have argued that the regulatory requirements to be met in order to finance companies in the US, including those...more

Jumpstart Our Business Startups Act – Implications for Foreign Private Issuers

On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act (the “JOBS Act”). The stated objective for the JOBS Act is to increase job creation and economic growth in the United Stated by...more

Olympus Trifecta

Richard Cassin author of the FCPA Blog, among others, consistently writes about corruption as ripping apart the fabric of many countries. This makes anti-corruption and anti-bribery legislation not only appropriate but...more

UBS's $2.3bn Lesson for a Compliance Oversight Review Committee

The management of risk is as important in the Foreign Corrupt Practices Act (FCPA) arena. (Well maybe not $2.3bn in alleged losses but still it is important.) Number Two in McNulty’s maxims is “What did you do to...more

California Amends Its Security Breach Law And German Privacy Agency Limits Social Media Marketing By Businesses

California Amends Its Security Breach Notification Law Beginning January 1, 2012, any business that is required, under California's security breach notification law, to provide notice to individuals must include in the...more

Changes to AIM Rules

On 17 February 2010, the London Stock Exchange published AIM Notice 36 (the “Notice”) together with the February 2010 version of the AIM Rules for Companies (the “AIM Rules”). The changes to the AIM Rules, which are effective...more

In Re: Vivendi Universal, S.A.

Order Denying Anti-Suit Injunction

This is Judge Howell's Order entered on November 19, 2009 denying the plaintiff's anti-suit injunction....more

Amended Regulations Could Open Telecoms Sector

The State Council of the PRC recently issued amendments to regulations covering the administration of Foreign-invested Telecommunications Enterprises (FITEs). While it is perceived that the regulations were amended in...more