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Burr & Forman

Corporate Transparency Act Filing Deadlines Approaching - What You Need to Know, Part II

Burr & Forman on

The Corporate Transparency Act (CTA) requires “reporting companies” to report certain beneficial ownership information (BOI) to the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) in order to enhance...more

Mayer Brown

Launch of the Banking Industry Integrity Charter in Hong Kong

Mayer Brown on

Hong Kong’s new Banking Industry Integrity Charter (Integrity Charter) was launched on 9 October 2024 by the Independent Commission Against Corruption (ICAC) in collaboration with the Hong Kong Monetary Authority (HKMA) and...more

Ruder Ware

Reminder: CTA Filing Deadline Looming

Ruder Ware on

The Corporate Transparency Act (CTA) remains in effect, and, as a result, many entities are required to submit filings to the federal government by the January 1, 2025, deadline. A failure to timely file may result in civil...more

Greenberg Glusker LLP

Partner Craig Coan Featured in L.A. Times B2B Publishing's Real Estate Outlook Roundtable

Greenberg Glusker LLP on

Real Estate Partner, Craig Coan, shared his insights about what’s next for L.A.’s resilient real estate sector. Below are excerpts from the L.A. Times B2B Publishing feature... Originally published in the Los Angeles Times -...more

International Lawyers Network

Bankruptcy, Insolvency & Rehabilitation Proceedings in Australia (Updated)

KEY FACTS OF BANKRUPTCY, INSOLVENCY & REHABILITATION PROCEEDINGS UNDER AUSTRALIAN LAW - Companies - Corporate insolvency in Australia mostly involves a company being placed in liquidation or administration. Companies...more

A&O Shearman

UK Draft Payment Services (Amendment) Regulations 2024 Published

A&O Shearman on

HM Treasury has published a final draft version of the Payment Services (Amendment) Regulations 2024, enhancing efforts to address authorized push payment fraud. The draft Regulations amend regulation 86 of the Payment...more

Vedder Price

SEC Amends Form N-PORT and N-CEN Reporting Requirements and Issues Guidance on Open-End Fund Liquidity Risk Management Programs

Vedder Price on

On August 28, 2024, the SEC adopted amendments to reporting requirements on Form N-PORT and Form N-CEN and issued guidance on open-end fund liquidity risk management programs. Notably, the SEC declined to adopt the proposed...more

A&O Shearman

UK Payment Systems Regulator Publishes Policy Statement Confirming the Maximum Level of APP Scam Reimbursement

A&O Shearman on

The Payment Systems Regulator has published a policy statement confirming the maximum level of Authorized Push Payment scam reimbursement. The statement follows the PSRs recent announcement confirming its decision to reduce...more

Maynard Nexsen

Public Company Advisory: Q3 2024 SEC Snapshots

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The members of Maynard Nexsen’s Public Company Advisory Practice counsel public companies and companies aiming to become public on the full range of matters shaping their governance and operation in the public markets. As a...more

A&O Shearman

Net-Zero Banking Alliance 2024 Publishes Progress Report

A&O Shearman on

The United Nations Environment Programme Finance Initiative has published a 2024 progress report produced by the Net-Zero Banking Alliance. Launched in 2021, the NZBA is a bank-led alliance of 144 banks globally voluntarily...more

A&O Shearman

UK Financial Policy Committee Publishes Latest Summary and Record

A&O Shearman on

The Bank of England has published the record of the Financial Policy Committee meeting on September 19, 2024. Headline judgements and policy actions from the meeting: (i) risks to U.K. financial stability are broadly...more

A&O Shearman

Single Resolution Board Adapts MREL Policy to Align with the Daisy Chains Directive

A&O Shearman on

The Single Resolution Board has published a communication on the changes to its minimum requirements for own funds and eligible liabilities policy to be implemented in line with the "Daisy Chains Directive" (Directive (EU)...more

Morgan Lewis

Corporate Venture Capital Survey: Q2 2024

Morgan Lewis on

Corporate Venture Capital (CVC) slowed to its lowest share of total VC deals since 2014 in the second quarter of 2024. Only 23.3% of deals that were completed include a CVC investor in Q2. Pitchbook data shows that just over...more

A&O Shearman

Syndicated DDTLs: New territory for acquisition lines?

A&O Shearman on

We are increasingly seeing requests for a committed acquisition/capex facility – often referred to as a Delayed Draw Term Loan (DDTL) – to be included as part of the initial capital structure on European syndicated leveraged...more

A&O Shearman

Pensions: what's new this week - October 14, 2024

A&O Shearman on

Welcome to your weekly update from the A&O Shearman Pensions team, covering all the latest legal and regulatory developments in the world of workplace pensions. Abolition of Lifetime Allowance: Further regulations - ...more

Perkins Coie

Are Public Companies Required to Have a Principal Accounting Officer?

Perkins Coie on

I was recently asked whether public companies are required, as a technical matter, to have principal accounting officers (PAOs). While PAOs are not strictly required, companies without PAOs should be aware of the result—that...more

Cooley LLP

NYSE proposes to limit the use of reverse stock splits to regain price compliance

Cooley LLP on

Not to be outdone by Nasdaq, the NYSE is now also proposing to take on the challenge of repeated reverse stock splits. More specifically, the NYSE proposes to limit the circumstances under which a listed company may use a...more

Woodruff Sawyer

Looking Ahead to 2025: Private Equity Risk and Insurance Trends

Woodruff Sawyer on

In last year’s Looking Ahead Guide, we had predicted the 2024 deal landscape would improve over 2023 year-end results in terms of number of closed buyout transactions, transaction values, and exits. This seems to be the case,...more

Hogan Lovells

Own risk assessments (ORAs) for UK pensions: when do you need one?

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Trustees or managers of an occupational pension scheme with 100 or more members must carry out and document an ORA.  The Pensions Regulator (TPR) describes an ORA as an assessment of how well a scheme’s “effective system of...more

Hogan Lovells

Virgin Media: is action needed by pension trustees?

Hogan Lovells on

Our clients have been asking us whether they should conduct a review of previous deeds of amendment in light of the Court of Appeal decision in the Virgin Media case. This article sets out our views....more

Orrick, Herrington & Sutcliffe LLP

CFPB, Mass. AG secure $50M from credit repair co., owner

Recently, the U.S. District Court for the District of Massachusetts granted summary judgment in favor of the CFPB and the Massachusetts AG, against defendant credit repair company and its owner. As previously covered by...more

Hogan Lovells

Trivial commutation lump sums: calculation changes, again

Hogan Lovells on

Regulations issued on 7 October 2024 will change (again) the requirements for calculating whether a member may be paid a trivial commutation lump sum (TCLS).  The Pensions (Abolition of Lifetime Allowance Charge etc) (No. 3)...more

Vinson & Elkins LLP

Two High Court Securities Cases Could Clarify Pleading Rules

Vinson & Elkins LLP on

In granting certiorari in Facebook Inc. v. Amalgamated Bank and Nvidia Corp. v. E. Ohman J:or Fonder AB, the U.S. Supreme Court signaled its intention to provide further guidance concerning application of the heightened...more

Orrick, Herrington & Sutcliffe LLP

FDIC extends comment periods on brokered deposit NPR, deposit data RFI

On October 8, the FDIC announced an extension of the comment period on its NPR to provide restrictions, update definitions, and provide new exceptions to the FDIC’s safety and soundness rule on brokered deposits (12 CFR...more

Poyner Spruill LLP

Open Banking: An Introduction

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The Consumer Financial Protection Bureau (CFPB) has proposed an open banking rule (Proposed Rule) requiring certain financial institutions to allow consumers and approved third-party financial service providers to allow...more

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