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King & Spalding

Financial Services M&A: FINRA Notice Regarding Bulk Account Transfer Reduces Regulatory Burdens and Provides Updated Guidance

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FINRA has issued Regulatory Notice 26 03, providing updated and consolidated guidance on the use of negative consent to effect the bulk transfer or assignment of customer accounts between broker dealers. This new guidance is...more

Walkers

Are shareholders of a Cayman Islands company entitled to access privileged documents of the company?

Walkers on

Following the recent Privy Council decision in Jardine Strategic Ltd v Oasis Investments II Master Fund Ltd [2025] UKPC 34 (Jardine), the following key takeaways should be observed: Following the decision in Jardine, it...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: February 17, 2026, The All FT 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

WilmerHale

FINRA Proposes to Amend its OBA and PST Rules as Part of a Rule Modernization Initiative

WilmerHale on

On January 22, 2026, FINRA filed a proposed rule change with the SEC to adopt FINRA Rule 3290, which would replace existing FINRA rules on outside business activities (OBAs) and private securities transactions (PSTs)....more

Conyers

Conversion of a Cayman Umbrella Fund from an Exempted Company to a Segregated Portfolio Company

Conyers on

Umbrella fund structures in the Cayman Islands are commonly established either as an exempted company (“EC”) or as a segregated portfolio company (“SPC”)....more

Troutman Pepper Locke

Delaware Supreme Court Reverses Chancery Court Opinion: Restrictive Covenants Not Rendered Unenforceable by Post-Formation...

Troutman Pepper Locke on

On February 3, 2026, the Delaware Supreme Court, sitting en banc, issued an order in North American Fire Ultimate Holdings, LP v. Alan Doorly, reversing the Court of Chancery’s dismissal of claims to enforce restrictive...more

Orrick, Herrington & Sutcliffe LLP

SEC clarifies application of federal securities laws to tokenized securities

On January 28, the SEC issued a statement clarifying the application of federal securities laws to tokenized securities, which are financial instruments represented by digital assets and recorded on distributed ledger...more

Mayer Brown Free Writings + Perspectives

Credit Roundtable Proposes Changes to Rule 14E for Debt Tender Offers

The Credit Roundtable, an association of fixed income investors, recently published a letter to the Securities and Exchange Commission (the “SEC”) expressing concern with potential changes to the SEC’s debt tender offer...more

Dinsmore & Shohl LLP

2026’s Proxy Season and Annual Report Guide

Dinsmore & Shohl LLP on

Introduction - The 2026 proxy season is expected to bring meaningful developments that have the potential to reshape how companies approach the proxy process. From the continued reversing of the pendulum regarding...more

Akin Gump Strauss Hauer & Feld LLP

Federal Agencies Signal Renewed Focus on Prediction Markets

Prediction markets are online platforms where people can bet on the outcome of future events with a “yes” or “no” answer, including contracts based on sports, popular culture and politics. These markets have exploded in...more

A&O Shearman

EC Consults On Draft Delegated Regulation On EBA Fees For Validation Of Pro Forma Models Under EMIR 3

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The European Commission (EC) has launched a consultation on a draft Delegated Regulation supplementing the European Market Infrastructure Regulation (EU) No 648/2012 (EMIR) as amended by EMIR 3 (EU) No 648/2012)....more

Jones Day

IOSCO Report Provides Guidance that Can Help Dealers Avoid Insider Trading Scrutiny

Jones Day on

Both the Financial Industry Regulatory Authority ("FINRA") and the National Futures Association ("NFA") have implemented rules prohibiting the practice of "frontrunning." Criminal prosecutors and financial regulators have...more

A&O Shearman

Delegated Regulation On Fees Payable To ESMA Under Benchmark Regulation Published In OJ

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Delegated Regulation (EU) 2026/323 amending Delegated Regulation (EU) 2022/805 to update the supervisory fee framework for benchmark administrators under the oversight of the European Securities and Markets Authority (ESMA),...more

Hogan Lovells

Key considerations for firms contemplating crypto-linked notes to retail in the UK

Hogan Lovells on

Following the UK Financial Conduct Authority's (FCA) decision to lift its 4-year ban on 8 October 2025 on offering cryptoasset-backed exchange-traded notes (cETNs) to retail investors in the UK, a steady stream of market...more

Thomas Fox - Compliance Evangelist

AI Today in 5: February 16, 2026, The Doom Loop 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 the AI Today In...more

Seward & Kissel LLP

New California Reporting Regime for Venture Capital Companies Deadline Reminder and Update

Seward & Kissel LLP on

As you may be aware, the registration deadline is rapidly approaching for California’s Fair Investment Practices by Venture Capital Companies Law (“FIPVCC”), which tasked the California Department of Financial Protection and...more

A&O Shearman

Delegated Regulation specifying requirements for EMIR 3 active account requirement published in OJ

A&O Shearman on

Delegated Regulation (EU) 2026/305 supplementing the European Market Infrastructure Regulation (EU) No 648/2012 (EMIR) has been published in the Official Journal of the European Union (OJ). The Delegated Regulation, which was...more

Perkins Coie

Securities Enforcement Forum New York 2026: Shifting Priorities and Emerging Risks

Perkins Coie on

Key Takeaways - Prediction markets are squarely in the DOJ, the SEC, and the Commodity Futures Trading Commission’s (CFTC) sights, so fraud and manipulation will be prosecuted, and CFTC rulemaking on event contracts is...more

Herbert Smith Freehills Kramer

First ASIC Penalty For Cybersecurity Failures: Federal Court Imposes $2.5m Penalty On FIIG

The Federal Court has handed down its reasons in Australian Securities and Investments Commission v FIIG Securities Limited [2026] FCA 92, marking the first time the Court has imposed a civil penalty on an Australian...more

Thomas Fox - Compliance Evangelist

FCPA Compliance Report: Navigating Compliance in 2026: Trends and Transformations

Welcome to the award-winning FCPA Compliance Report, the longest-running podcast in compliance. In this episode, we replay a recent webinar Tom Fox participated in, hosted by EQS. The panel moderator was Steph Holmes, and the...more

Thomas Fox - Compliance Evangelist

Daily Compliance News: February 16, 2026, The Never Forget Blankee(t) 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

Thomas Fox - Compliance Evangelist

Sunday Book Review: February 15, 2026, The Top Books on Business Failures 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

Mayer Brown Free Writings + Perspectives

No-Action Letter on “Group” Reporting under Section 13(d) and 13(g) for Parties to OTC Derivatives Contracts

On January 23, 2026, the staff of the Division of Corporation Finance of the U.S. Securities and Exchange Commission issued a letter in which it stated it would not object if a large investment bank (the “Bank”) determines...more

Cadwalader, Wickersham & Taft LLP

SRTs in the Resolution of Failed Banks

I. Introduction - U.S. banks are increasingly turning to significant risk transfers (SRTs) to manage credit risk and optimize regulatory capital. SRTs are transactions that satisfy the definition and operational criteria...more

Cadwalader, Wickersham & Taft LLP

Regulatory Developments in Digital Finance, February 2026 - SEC Issues Guidance on Tokenized Securities

On January 28, 2026, the SEC’s Divisions of Corporation Finance, Investment Management, and Trading and Markets issued a joint statement addressing “tokenized securities.”...more

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