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Thomas Fox - Compliance Evangelist

Daily Compliance News: December 5, 2025, The White Collar Criminal Enterprise Edition

Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee, and listen in to the Daily Compliance News....more

Cadwalader, Wickersham & Taft LLP

The SEC Says It Will Not Review No Action Requests for Certain Shareholder Proposals and Approves Exxon Mobil’s Retail Investor...

On November 17, 2025, the SEC’s Division of Corporation Finance (the “Division”) announced how it will handle requests relating to shareholder proposals under Rule 14a-8. During the 2025-2026 proxy season (until September 30,...more

Foley Hoag LLP

Reminder: Renewal and Notice Filing Fees for Investment Advisers Due by December 8

Foley Hoag LLP on

As a reminder, investment advisers who are subject to any state registration, renewal or notice filing fees must have funded their IARD accounts by December 8, 2025 in order to cover such fees (with a recommendation from IARD...more

Haynes Boone

Recent Wins for Plan Sponsors in Response to Plan Forfeitures Litigation

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As we previously reported here and here, a recent litigation trend against 401(k) plan sponsors concerns participant claims alleging that the use of plan forfeitures to offset future employer contributions results in a breach...more

Cadwalader, Wickersham & Taft LLP

Delaware Court of Chancery Sustains Caremark Claims in Shareholder Derivative Action

In a recent decision, Brewer v. Turner, et al., Chancellor Kathaleen McCormick largely denied Regions Financial Corporation’s (“Regions”) motion to dismiss a shareholder derivative action, which sought to recover $191...more

Haynes Boone

SECURE Acts’ Amendment Deadline for 457(b) Non-Governmental Plans is December 31, 2025

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Non-governmental, tax-exempt employers that sponsor 457(b) plans are required to make amendments to comply with the SECURE 2.0 Act of 2022 (including the SECURE Act of 2019) no later than December 31, 2025. As we previously...more

Mayer Brown Free Writings + Perspectives

SEC Order Delays Compliance Dates for Securities Lending Reporting and Short Position and Short Activity Reporting

Yesterday, the Securities and Exchange Commission issued an order (the “Order”) that provides a temporary exemption from compliance with the short position and short activity reporting rule (Rule 13f-2 and Form SHO reporting)...more

Hogan Lovells

The Property (Digital Assets etc) Act 2025 Comes Into Force

Hogan Lovells on

On 2 December 2025, the Property (Digital Assets etc) Act 2025 received Royal Assent and came into force, completing its passage through Parliament. The Act confirms the pre-established common law position that a thing is...more

Thomas Fox - Compliance Evangelist

Regulatory Ramblings: Episode 83 - Hong Kong’s New Protection of Critical Infrastructures (Computer Systems) Ordinance

The spotlight chat begins with Wendy sharing why the Ordinance matters to Hong Kong and what it means for the territory’s digital regulatory landscape. She goes on to explain Invest Hong Kong’s role in raising awareness of...more

Skadden, Arps, Slate, Meagher & Flom LLP

Would Your Company Want To Stop Filing Quarterly Reports if No Longer Required?

Public companies in the U.S. could soon be freed of the obligation to report financial information every quarter. The Securities and Exchange Commission (SEC) has indicated it will support shifting to a semiannual reporting...more

Conyers

AM Best Finalises Updates to its Cell Company Rating Criteria: What Changed and What it Means for SPCs

Conyers on

In our summer briefing we discussed global credit ratings agency AM Best’s proposal to overhaul how it rates cell company structures, including segregated portfolio companies (SPCs)....more

Skadden, Arps, Slate, Meagher & Flom LLP

The Informed Board - December 2025

As the U.S. government takes multibillion-dollar stakes in private companies and steers capital in other ways unprecedented outside of wartime, should companies be worried or opportunistic?...more

McDermott Will & Schulte

SFDR 2.0 for fund managers – a step in the right direction?

On 22 November 2025, the European Commission published its long-awaited legislative proposal to ‘simplify’ the Sustainable Finance Disclosure Regulation (Draft SFDR 2.0), which will transform the existing disclosure regime...more

Genova Burns LLC

Clarity Over Convenience: New Jersey Supreme Court Provides Lessons for Companies Seeking Personal Guarantees

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Oftentimes when dealing with a small business, especially a new one with limited credit history, it is wise to obtain a personal guarantee from the company’s principal. ...more

Venable LLP

SEC Staff Confirms Personal-Services Entities May Receive Transaction-Based Compensation Without Broker-Dealer Registration

Venable LLP on

On November 17, 2025, the Division of Trading and Markets (the “Staff”) of the Securities and Exchange Commission (SEC) issued a no-action letter allowing a personal-services entity (PSE) to receive transaction-based...more

Fenwick & West LLP

Q3 2025 Data Shows Series C as a Critical Filter in Startup Growth

Fenwick & West LLP on

In Q3 2025, venture capital activity revealed a telling split in the fundraising landscape. Series A and B rounds saw improvements in both capital raised valuations ranging from 1.6% to 29%, marking investor confidence in...more

Goodwin

California DFPI Issues Consent Order against California Lender

Goodwin on

On November 17, 2025, the California Department of Financial Protection and Innovation (DFPI) announced that it had entered into consent order with a California-based lender to resolve allegations that the lender charged...more

Bergeson & Campbell, P.C.

OECD Policy Brief Explores Biotechnology Investment and Regulatory Policy Landscapes in the EU and United States

On November 23, 2025, the Organisation for Economic Co-operation and Development (OECD) published a policy brief entitled “Boosting biotechnology innovation through agile regulation and finance instruments.” The policy brief...more

Katten Muchin Rosenman LLP

FCA Publishes Final Rules on Systematic Internaliser Regime for Bonds and Derivatives and Matched Principal Trading by MTF...

On 28 November 2025, the Financial Conduct Authority (FCA) published a policy statement (PS25/17) finalising rules proposed in its July 2025 consultation paper (CP25/20). The reforms remove the Systematic Internaliser (SI)...more

ASKramer Law

Crypto Part II: Examining the Taxation of Digital Assets

ASKramer Law on

Digital assets are bought and sold globally, 24/7, can be divided into smaller and smaller ownership units, and can be transferred between buyers and sellers at low cost and with lightning speed around the world in a global...more

Chartwell Law

New York Finalizes Uniform Hurricane Deductible Regulations

Chartwell Law on

In 2024, the New York State Legislature directed the Superintendent of the Department of Financial Services (“DFS”) to issue regulations establishing uniform standards for the operation of hurricane deductibles in homeowners’...more

Blake, Cassels & Graydon LLP

IFRS 18 : Les ACVM proposent de modifier des obligations d’information liées aux mesures financières non conformes aux PCGR

Le 13 novembre 2025, les Autorités canadiennes en valeurs mobilières (les « ACVM ») ont publié, à des fins de consultation, des projets de modification visant le Règlement 52-112 sur l’information concernant les mesures...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Coming This January: That 401(k) Plan Provider Handbook

fter 401(k)’d, The Greatest 401(k) Book Sequel Ever, and Full Circle, I figured it was time to get back to the nuts and bolts — the real world of being a 401(k) plan provider....more

White & Case LLP

Unlocking Liquidity: How Secondaries And Continuation Vehicles Are Freeing Up The US PE Exit Pipeline

White & Case LLP on

Even as dealmaking shows signs of rallying, GP-led secondaries and continuation vehicle deals—which provided valuable alternative exit routes through a period of soft M&A activity—are set to remain an important strategic tool...more

Goodwin

SEC Chairman Addresses the Future of America’s Capital Markets

Goodwin on

On December 2, 2025, SEC Chairman Paul Atkins spoke at the New York Stock Exchange about the current state of U.S. capital markets, the challenges they face, and potential reforms to strengthen them. ...more

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