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Orrick, Herrington & Sutcliffe LLP

U.S. Senate confirms new leadership chairs at FDIC and CFTC

Recently, the U.S. Senate confirmed new chairs for the FDIC and CFTC as part of a group of government nominations approved by Senate resolution. On January 13, Acting Chairman Travis Hill was sworn in as the 23rd chairman of...more

Hogan Lovells

UK cryptoassets regulation: What firms need to know and why early action matters

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On 15 December 2025, the UK government laid before Parliament the draft Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2025. This landmark legislation, together with the FCA's messaging, signals a major...more

Hogan Lovells

Hogan Lovells UK cryptoasset regime roundtable key takeaways

Hogan Lovells on

On 14 January 2026, the Hogan Lovells Digital Assets and Blockchain practice hosted a half‑day roundtable event for clients to discuss the FCA's trio of consultation papers: Consultation Paper 25/40 on Regulating Cryptoasset...more

Morrison & Foerster LLP

Early Exercise of ISOs – Why It Doesn’t Work

“Early exercising” refers to exercising a stock option before it has fully vested, so you own the shares sooner (although they remain subject to the same vesting conditions as the stock option). For non-qualified stock...more

Herbert Smith Freehills Kramer

The US Supreme Court To Resolve Circuit Disputes On Administrative Enforcement Powers

On January 9, 2026, the Supreme Court granted certiorari in three cases to resolve disputes regarding the scope of administrative enforcement powers by the Securities and Exchange Commission and the Federal Communications...more

BCLP

The New UK Prospectus Rules: What DCM Issuers Need to Know in 2026

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With much anticipation, the reforms to the prospectus requirements for public offers of bonds in the UK came into force on 19 January 2026 when the UK Prospectus Regulation was revoked and replaced by the new regulatory...more

White & Case LLP

New NPL Investment Opportunities Emerge As Market Shifts

White & Case LLP on

Europe’s non-performing loan (NPL) market is evolving, as shifts in global trade policy and sector-specific headwinds change the dynamics that have driven NPL deals over the past 10 years. The most recent Risk Assessment...more

K&L Gates LLP

United States: Disgorgement Debate: Supreme Court to Hear Sripetch v. SEC

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The Supreme Court will soon once again weigh in on the US Securities and Exchange Commission’s (SEC) enforcement powers, this time addressing whether disgorgement is available without showing that victims suffered pecuniary...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Wait Is Over: New UK Public Offers and Admissions to Trading Regime Takes Effect

On 19 January 2026, the new UK prospectus rules (Prospectus Rules: Admissions to Trading on a Regulated Market, known as the “PRM Sourcebook”) took effect and, together with the Public Offers and Admissions to Trading...more

McDermott Will & Schulte

Global equity plan reporting obligations for calendar-year 2026: Part one

Global equity plans are complex, and their administration requires collaboration across multiple departments, including legal, human resources, payroll, and tax....more

McDermott Will & Schulte

AIFMD 2: Implementation deadline approaching

AIFMD 2 introduces a new loan-origination regime, with general rules applicable to all AIFs that originate loans, and more stringent requirements applicable to AIFs that qualify as loan-originating AIFs....more

Baker Botts L.L.P.

The President Challenges the Primes, Defines “Innovation”

Baker Botts L.L.P. on

A series of recent actions from the White House, Congress, and the Pentagon have sent an unusually strong signal to major defense contractors and market entrants that seek to compete in the defense ecosystem....more

Jones Day

What Does "Fair, Clear and Not-Misleading" Mean in the Context of Fund Strategies?

Jones Day on

It has been the case for many years that promotional materials in the EU must be “fair, clear, and not mis-leading”. However, how should managers interpret this high-level requirement when describing their approach to ESG...more

Orrick, Herrington & Sutcliffe LLP

D.C. District Court dismisses challenges to SEC ‘follow-on’ industry ban

On January 8, the U.S. District Court for the District of Columbia granted the SEC’s motion to dismiss a constitutional challenge to its follow-on administrative proceeding brought by two California-based investment advisers....more

Goodwin

Delaware Supreme Court Affirms Dismissal of Books and Records Lawsuit Against Tech Company, Requiring Strict Compliance With...

Goodwin on

On November 24, 2025, the Delaware Supreme Court affirmed dismissal of a books and records action, holding that stockholders failed to comply with the procedural “form and manner” requirements of Section 220 of the Delaware...more

BCLP

Saudi Arabia Opens Capital Market to All Foreign Investors from February 2026

BCLP on

The Saudi Capital Market Authority (CMA) has announced a landmark reform allowing all categories of foreign investors to directly invest in Saudi-listed companies starting 1 February 2026. This removes long-standing...more

Orrick, Herrington & Sutcliffe LLP

Wyoming announces Frontier Stable Token now available for public purchase

On January 7, the Governor of Wyoming and chair of the state’s Stable Token Commission, Mike Gordon, announced the public launch of the Frontier Stable Token (FRNT), making it the first “fiat-backed, fully-reserved”...more

Sheppard Mullin Richter & Hampton LLP

NYSE American Proposes Amendments to Initial Listing Standards

On January 8, 2026, the New York Stock Exchange (“NYSE” or “Exchange”) submitted a proposed rule change to the Securities and Exchange Commission that would revise the initial listing requirements detailed in Sections 101 and...more

DLA Piper

SEC Proposes Comprehensive Reform Of Regulation S-K

DLA Piper on

On January 13, 2026, the United States Securities and Exchange Commission (SEC) announced plans to conduct a comprehensive review of Regulation S-K, the central framework governing non-financial statement disclosure...more

A&O Shearman

Managing “Internal” Investment Funds And Conflicts of Interest: Recent UK FCA Action

A&O Shearman on

The UK Financial Conduct Authority (FCA) has recently censured BlueCrest Capital Management (UK) LLP (BlueCrest) and secured a voluntary USD101m redress scheme for investors in a fund it managed. The action highlights the...more

Proskauer - Tax Talks

Treasury and the IRS Release Final and Proposed Regulations on Section 892

Proskauer - Tax Talks on

On December 15, 2025, the U.S. Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) published final regulations (the “Final Regulations”) and proposed regulations (the “Proposed Regulations”)...more

Thomas Fox - Compliance Evangelist

31 Days to a More Effective Compliance Program: Day 19 - Evaluating the Risk Management Process

Welcome to 31 Days to a More Effective Compliance Program. Over this 31-day series in January 2026, Tom Fox will post a key component of a best-practice compliance program each day. By the end of January, you will have enough...more

Thomas Fox - Compliance Evangelist

FCPA Compliance Report: Navigating Corporate Ethics and Compliance Trends in 2026 with Mike Volkov, Part 2

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this inaugural episode of 2026, Tom Fox welcomes back his good friend and colleague, Mike Volkov, to reflect on the tumultuous...more

Thomas Fox - Compliance Evangelist

31 Days to a More Effective Compliance Program: Day 18 - Risk Assessments

Welcome to 31 Days to a More Effective Compliance Program. Over this 31-day series in January 2026, Tom Fox will post a key component of a best-practice compliance program each day. By the end of January, you will have enough...more

Thomas Fox - Compliance Evangelist

Sunday Book Review: January 18, 2026, The Top Books on Innovation ’26 Edition

In the Sunday Book Review, Tom Fox considers books that would interest compliance professionals, business executives, or anyone curious. It could be books about business, compliance, history, leadership, current events, or...more

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