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Finance & Banking Updates

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Holland & Knight LLP

SEC Raises "Qualified Client" Thresholds Under Rule 205-3

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The SEC has issued an order adjusting for inflation the dollar amount thresholds for qualified client status under Rule 205-3 of the Investment Advisers Act of 1940 (Advisers Act), which takes effect on June 29, 2026.1 The...more

Baker Donelson

SEC On Top: Supreme Court Confirms the Securities and Exchange Commission May Claw Back Ill-Gotten Gains Regardless of Investor...

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The United States Supreme Court issued its unanimous decision in Sripetch v. Securities and Exchange Commission on June 4, 2026, holding that the U.S. Securities and Exchange Commission (SEC) may obtain disgorgement in...more

Holland & Knight LLP

Should Your Company Go Public?

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The U.S. Securities and Exchange Commission (SEC) recently proposed two landmark rulemakings – Registered Offering Reform and Reporting Framework Simplification – that, if adopted, fundamentally would reshape the regulatory...more

McDermott Will & Schulte

Foreign investment in France: Takeaways from 2025 and regulatory changes in 2026

The Office for Foreign Investment in France (IEF) saw the trends observed in 2024 continue, with an increase in the number of foreign direct investment (FDI) notifications and a significant number of applications filed in the...more

McDermott Will & Schulte

EU VAT: What recent CJEU cases mean for bundled or composite supplies

Recent case law from the Court of Justice of the European Union (CJEU) confirms a restrictive approach to treating multiple elements as a single supply for VAT purposes....more

Cogency Global

Avoiding Fatal Debtor Name Mistakes On UCC Financing Statements

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Search logic varies by state, can change over time, and in Florida, there’s no effective safe harbor at all, so even minor errors in the debtor name can be deemed fatally misleading....more

Skadden, Arps, Slate, Meagher & Flom LLP

Fit for Purpose? European Commission Launches Review of MiCA

A new European Commission (the Commission) consultation on the review of the Markets in Crypto-Assets (MiCA) Regulation gives market participants until 31 August 2026 to submit comments....more

Cooley LLP

Primer: Carried Interest in Private Equity and Venture Capital Funds

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We are often asked about the prevalent market options for structuring carried interest provisions in private equity and venture capital funds. In this post, we’ll speak of mainstream private equity and venture capital funds,...more

Blank Rome LLP

New U.S. Terrorist Designations of Brazil’s Largest Criminal Organizations: What Companies Need to Know

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The U.S. Department of State designated Primeiro Comando da Capital (“PCC”) and Comando Vermelho (“CV”)—Brazil’s two largest criminal organizations—as Specially Designated Global Terrorists (“SDGTs”) on May 28, 2026, under...more

Husch Blackwell LLP

CFTC Proposes Public Interest Framework for Prediction Markets: What Stakeholders Need to Know

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On June 10, 2026, the U.S. Commodity Futures Trading Commission (CFTC) published a Notice of Proposed Rulemaking (NPRM) seeking public comment on amendments to CFTC Regulation 40.11 and the addition of a new Appendix F to...more

Morrison & Foerster LLP

SEC’s Draft Strategic Plan Pivots to Digital Asset Clarity, Fraud-Focused Enforcement, and Organizational Restructuring

On June 2, 2026, the SEC released its Draft Strategic Plan (the “Plan”) for FY 2026–2030 and opened a 30-day public comment period, closing July 2, 2026. The Plan, developed with input from Congress, investors, and the SEC’s...more

Herbert Smith Freehills Kramer

Stage 1 of the Scams Prevention Framework

On 28 May 2026, the Treasury published stage 1 of its long-awaited package of laws and consultations to designate, implement and operationalise the Scams Prevention Framework (SPF). Other stages will follow (discussed below)....more

Lowenstein Sandler LLP

FCTM Breaking News: New York DFS Proposes New Payment Stablecoin Regulation

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On June 9, the New York State Department of Financial Services (DFS) released a draft for public comment of a proposed new Part 202 to Title 23 of the New York Codes, Rules and Regulations (the Proposed Regulations), which...more

BCLP

Spec 1 Limited & Ors v The Export-Import Bank of China: Squaring the Circle of Asymmetric Exclusive Jurisdiction Clauses

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The High Court in Spec 1 & Ors v Export-Import Bank of China [2026] EQHC 1162 (Comm) analysed the principles governing asymmetric exclusive jurisdiction clauses, emphasising that such clauses in finance documentation must be...more

Akin Gump Strauss Hauer & Feld LLP

Proposed Let Kids Play Act Would Restrict Private Equity Investment in Youth Sports

On May 5, 2026, Representative Chris Deluzio (D-PA) introduced the “Let Kids Play Act,” which would impose significant restrictions on private equity investment in youth sports. The bill broadly covers any organization,...more

White & Case LLP

Stable leveraged loan markets weather Q1 storms

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Despite headwinds related to AI-led disruption and the conflict in Iran, leveraged loan markets in Europe and the US proved resilient in Q1, with high-quality borrowers continuing to access financing throughout the quarter...more

Bond Schoeneck & King PLLC

New York’s Mandatory Retirement Savings Requirement Now in Effect

New requirements are now in effect in New York State for employers who do not offer a tax-qualified retirement plan for their employees. Effective earlier this year, the New York Secure Choice Savings Program (the Program)...more

Groom Law Group, Chartered

Cheers for Charity Parity Legislation

Great news for retirement plan participants who wish to make charitable distributions directly from their qualified plan accounts! A bipartisan group of Representatives and Senators have joined to co-sponsor the “Charity...more

Ballard Spahr LLP

FTC obtains restraining order against mortgage relief assistance operation

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A U.S. District Court Judge has temporarily halted an allegedly deceptive mortgage assistance relief operation lured homeowners with promises that it could provide mortgage relief assistance under the Coronavirus Aid, Relief...more

A&O Shearman

The Financial Services and Markets Act 2023 (Commencement No. 14) Regulations 2026

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The Financial Services and Markets Act 2023 (FSMA 2023) (Commencement No. 14) Regulations 2026 have been made and published. The Regulations use powers under FSMA 2023 to revoke assimilated law relating to short selling in...more

Ballard Spahr LLP

New Study Suggests Investors Place Significant Value on Arbitration Clauses and Class-Action Waivers

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For years, the debate over mandatory arbitration clauses and class-action waivers in consumer financial services contracts has largely focused on questions of consumer protection, access to justice, the validity of class...more

Thomas Fox - Compliance Evangelist

AI Today in 5: June 11, 2026, The OpenAI & Compliance Edition

Welcome to AI Today in 5, the newest addition to the Compliance Podcast Network. Each day, Tom Fox will bring you 5 stories about AI to start your day. Sit back, enjoy a cup of morning coffee, and listen in to AI Today In 5....more

Thomas Fox - Compliance Evangelist

Everything Compliance: New Season – The Government Misfires Edition

Welcome to a revamped Everything Compliance! We have a new host, Adam Turteltaub, and a new panelist, Rebecca Walker, who joins returning regulars Matt Kelly, Jonathan Armstrong, and Karen Moore for the next iteration of...more

A&O Shearman

Amending Regulation on ex ante contributions to resolution financing arrangements under BRRD published in OJ

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Commission Delegated Regulation (EU) 2026/440 amending Delegated Regulation (EU) 2015/63 on ex ante contributions to resolution financing arrangements, was published in the Official Journal of the European Union (OJ). It...more

A&O Shearman

ESAs 2025 report on major ICT-related incidents

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The European Supervisory Authorities (the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) have published their first annual report on...more

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