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DLA Piper

Operational resilience: a look at your contracts and the impact of DORA

DLA Piper on

In a recent webinar forming part of DLA Piper’s ‘Digital Evolution in conversation with’ series, Kristof de Vulder caught up with Alessandro Ferrari, Linzi Penman and Conor McEneaney to discuss the scope and impact of the...more

Akerman LLP - Health Law Rx

NYDFS Highlights Strategies to Combat AI Cybersecurity Risks

The increased use of artificial intelligence (AI) in the banking, insurance, and financial services industries has led the New York State Department of Financial Services (NYDFS or Department) to publish an Industry Letter on...more

Bodman

Federal Court Puts Enforcement of the Corporate Transparency Act on Hold

Bodman on

A federal court in Texas issued a nationwide preliminary injunction on December 3, 2024 that puts enforcement of the Corporate Transparency Act (“CTA”) on hold....more

Akin Gump Strauss Hauer & Feld LLP

Geneva Insights - December & January 2025

International Geneva – A global governance ecosystem of over 40 international organizations, 178 country representations and 700+ non-governmental organizations....more

Polsinelli

Texas Federal Court Issues Nationwide Injunction Against Enforcement of the Corporate Transparency Act

Polsinelli on

On December 3, 2024, the U.S. District Court for the Eastern District of Texas (Sherman Division) issued a preliminary injunction in favor of the plaintiffs in the case of Texas Top Cop Shop, Inc. et al. vs. Garland (U.S....more

Proskauer - Corporate Defense and Disputes

2024 SEC Enforcement Results – Takeaways for Fund Managers

On November 22, 2024, the SEC’s Division of Enforcement announced its Enforcement Results for Fiscal Year 2024. Below are some key takeaways for fund managers: Total enforcement actions were down from recent years. The...more

Ruder Ware

Ding Dong, the CTA is DEAD!

Ruder Ware on

A federal district court in Texas has issued a landmark decision postponing the enforcement of the Corporate Transparency Act (the “CTA”). The Court held that the CTA exceeds Congress’ power and is therefore likely...more

Stikeman Elliott LLP

OSFI Focuses on Culture Risk Issues in New Regulatory Notice

Stikeman Elliott LLP on

On November 21, 2024, the Office of the Superintendent of Financial Institutions (“OSFI”) released a regulatory notice on managing culture risk (the “Notice”). The Notice follows industry feedback on OSFI’s February 2023...more

Polsinelli

Disregarded Entity Eligibility for the CTA Large Operating Company Exemption

Polsinelli on

As discussed in detail below, the Corporate Transparency Act (CTA) provides an exemption to its reporting requirements for certain large operating companies (the Large Operating Company Exemption or “LOC Exemption”). In order...more

Stinson LLP

1099-K Reporting: More Time to Transition to the $600 Reporting Threshold

Stinson LLP on

In the American Rescue Plan Act of 2021, Congress and the Biden administration lowered the minimum reporting threshold for filing information returns relating to “reportable payment transactions” (a payment card is accepted...more

Cadwalader, Wickersham & Taft LLP

IOSCO’s Proposed Guidance on Pre-Hedging Practices

On November 21, 2024, International Organization of Securities Commissions (“IOSCO”) published a consultation report (the “Report”) to provide guidance on acceptable pre-hedging practices and soliciting feedback from market...more

Troutman Pepper

Troutman Pepper Weekly Consumer Financial Services Newsletter - December 2024

Troutman Pepper on

To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week...more

Snell & Wilmer

Recently Enacted California Assembly Bill 2424 and Its Impact on Non-Judicial Foreclosure Procedures

Snell & Wilmer on

The California legislature recently passed Assembly Bill 2424, which, as more fully explained below, will have a significant and imminent impact on the nonjudicial foreclosure process of residential real estate. Existing...more

A&O Shearman

Bank of England Updates Approach to Financial Market Infrastructure Supervision

A&O Shearman on

The Bank of England has updated its approach to financial market infrastructure supervision. The BoE states that its approach to supervision continues to be underpinned by four core principles: (i) its supervisors rely on...more

Conyers

Virtual Asset Service Providers and the Travel Rule

Conyers on

What is the Travel Rule? The virtual asset “Travel Rule”, formally known as the “Financial Action Task Force (FATF) Recommendation 16”, requires Virtual Asset Service Providers (VASPs) to share and hold specific customer...more

McDermott Will & Emery

Key Takeaways | Market Access and Reimbursement – Opportunities and Challenges

McDermott Will & Emery on

During this session, the panelists discussed the role of market access in making investment decisions within the healthcare sector. The conversation covered various aspects, including the importance of early market access...more

Skadden, Arps, Slate, Meagher & Flom LLP

Crypto Update: UK Government Outlines Its Approach to Digital Asset Regulation

In her first comments since the July 2024 UK general election, Economic Secretary to the UK Treasury Tulip Siddiq MP delivered a speech at the Tokenisation Summit on 21 November 2024 that outlined the recently elected UK...more

A&O Shearman

Council of the European Union Adopts Revised EMIR 3 Package

A&O Shearman on

The Council of the European Union has adopted the Regulation amending the European Market Infrastructure Regulation, the Capital Requirements Regulation, and the Money Market Funds Regulation as regards measures to mitigate...more

A&O Shearman

European Securities and Markets Authority Finalizes Advice on Central Securities Depositories Regulation Penalty Mechanism

A&O Shearman on

The European Securities and Markets Authority has finalized its technical advice for the European Commission on the Central Securities Depositories Regulation penalty mechanism. ESMA hopes to incentivize all actors in the...more

A&O Shearman

Financial Stability Board Publishes Letter to G20 Leaders and 2024 Annual Report

A&O Shearman on

The Financial Stability Board has published a letter sent to the G20 leaders ahead of their meeting on November 18, 2024, together with the FSB 2024 annual report...more

Holland & Knight LLP

Reforma normativa busca contribuir a la liquidez del mercado de valores en Colombia

Holland & Knight LLP on

El Ministerio de Hacienda y Crédito Público de Colombia expidió el Decreto 1239 de 2024 con el objetivo de consolidar un marco regulatorio que potencie la liquidez del mercado de valores, facilitando una mejor formación de...more

McDermott Will & Emery

Key Takeaways | Alternative Capital-Raising Strategies in Challenging Times

McDermott Will & Emery on

During this session, the panelists shared alternative capital-raising financing strategies, including venture capital (VC), accelerators, spin-outs, bridge financing, licensing, and government agency support. They also...more

A&O Shearman

Treasury and the IRS proposed regulations on previously taxed earnings and profits

A&O Shearman on

On November 29, 2024, the U.S. Treasury Department and IRS released long-awaited proposed regulations (REG-105479-18) under sections 959 and 961, and certain other provisions of the Internal Revenue Code of 1986, as amended...more

A&O Shearman

European Securities and Markets Authority Published Report on its Assessment of the Shortening of the Settlement Cycle to T+1

A&O Shearman on

The European Securities and Markets Authority has published a final report on its assessment of the shortening of the settlement cycle in the EU to T+1. The report highlights that the increased efficiency and resilience of...more

Proskauer - Regulatory & Compliance

Luxembourg CSSF Introduces First Sanction Regarding SFDR

On 15 October 2024, the Luxembourg Commission de Surveillance du Secteur Financier (the “CSSF”) imposed a fine of EUR 56,500 against a fund manager, Aviva Investors Luxembourg S.A. (the “Manager”), with regards to the...more

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