In this issue:
- US DEVELOPMENTS
- SEC Developments
- Noteworthy US Securities Law Litigation
- Recent SEC/DOJ Enforcement Matters
- EU DEVELOPMENTS
- European Commission Launches Public Consultation on Proposals to Improve EU Merger Control
- ESMA Publishes Final Guidelines on Enforcement of Financial Information
- ESMA Consults on Draft Technical Standards and Advice on the Market Abuse Regulation
- European Commission Publishes Q&A on Statutory Audit Measures
- European Commission Publishes Consultation on Existing Framework for Cross-border Mergers
- Council Adopts Directive for Disclosure of Non-financial and Diversity Information
- UK DEVELOPMENTS
- FRC issues a new edition of the UK Corporate Governance Code
- ABI publishes guidance on members’ views on certain aspects of equity capital transactions
- IMA Publishes Guidance on Share Capital Management Issues
- FCA publishes consultation paper on competition in wholesale securities and investment markets
- FCA publishes eighth bulletin for primary market participants
- FCA publishes quarterly consultation on Listing Rules, Prospectus Rules and Disclosure and Transparency Rules
- FCA publishes consultation paper on IMSs
- LSE publishes notice regarding implementation of T+2 standard settlement period and subsequent New Dividend Procedure Timetable
- Consultation on miscellaneous amendments to the Takeover Code
- Takeover Panel publishes consultation paper on post-offer commitments and intentions
- BIS consultation on UK implementation of Accounting Directive
- FRC consultation on UK implementation of Accounting Directive
- CMA implements Order on audit reforms
- Guidelines Monitoring Group publishes feedback and final advice following consultation on amendments to the Walker Guidelines
- EHRC publishes guidance on equality law framework
- ICC publishes guidance for companies on adopting policies on corporate gifts and hospitality
- ASIAN DEVELOPMENTS
- HKEx releases Concept Paper on Weighted Voting Rights
- Excerpt from SEC Staff Issues Guidance on Verifying Accredited Investor Status:
Last year, the US Securities and Exchange Commission (“SEC”) adopted rule changes permitting general solicitation and general advertising in private placements under Rule 506 of Regulation D under the US Securities Act of 1933, as amended (the “Securities Act”), and securities offerings under Rule 144A under the Securities Act.
Please see full publication below for more information.