In this issue:

- SEC and NYSE Developments

- Noteworthy US Securities Law Litigation

- Recent SEC/DOJ Enforcement Matters

- Executive Compensation & Employee Benefits Developments

- Directive Regarding Disclosure of Non-Financial and Diversity Information Published in Official Journal

- ESMA Publishes Transparency Directive Consultation on European Electronic Access Point

- ESMA Technical Advice and Consultation on MiFID II

- Draft Commission Delegated Regulation Published on Technical Standards on Major Holdings

- ESMA 22nd Version: Questions and Answers on Prospectuses

- ESMA Publishes Consultation Paper on Draft Prospectus Standards

- Takeover Panel’s Response Statement: Post-Offer Undertakings and Intention Statements

- Takeover Panel Publishes Response Statement on Miscellaneous Amendments to the Takeover Code

- Takeover Panel Issue Practice Statement on Entering into Talks During a Restricted Period

- BIS Consults on EU Audit Reform

- FRC Consult on Impact of EU Reform on Auditing and Ethical Standards

- BIS Publishes Discussion Paper on the Register of People with Significant Control

- GC100 and Investor Group Publishes Statement on Directors’ Remuneration

- NAPF Publishes Corporate Governance Policy and Voting Guidelines 2014/15

- Guidelines Monitoring Group Publishes Seventh Report on Walker Guidelines & Conformity

- QCA 2014 Audit Committee Guide

- Progress Report on the Kay Review

- Investor Forum Launched to Promote Long Term Investment

- Corporate Reporting Review Published by FRC

- Statistics Show Marked Increase of Women on Boards

- Guidance on Retail Bond Prospectuses Published by the UKLA

- UKLA Publishes Ninth Bulletin for Primary Market Participants

- Transparency Directive Policy Statement: Response to Consultation on Interim Management Statements

- Investment Management Association Publishes Transaction Guidelines

- FSMA 2000 (Market Abuse) Regulations 2014

- Chancellor’s 2014 Autumn Statement

- BIS Consultation on Exceptions to Ban on Corporate Directors

- Bank Recovery and Resolution (No.2) Order

- Transparency International Guidance on Countering Small Bribes

- Japan Releases Exposure Draft of New Corporate Governance Code

- Launch of Shanghai-Hong Kong Stock Connect

- Excerpt from SEC and NYSE Developments - Conflict Minerals Rules: On 18 November 2014, the United States Court of Appeals for the District of Columbia Circuit granted a petition filed by the US Securities and Exchange Commission (“SEC”) and Amnesty International for rehearing of a case that invalidated a portion of the SEC reporting requirements regarding conflict minerals originating in the Democratic Republic of the Congo and adjoining countries (the “Conflict Minerals Rule”). The court’s decision, once the case is reheard, could potentially affect the existing scope and application of the Conflict Minerals Rule. The Conflict Minerals Rule is set forth in Form SD–Specialized Disclosure Report, which is required under Rule 13p-1 under the Securities Exchange Act of 1934 (the “Exchange Act”).