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Stikeman Elliott LLP

GST/HST to Apply to Mutual Fund Trailing Commissions Effective July 1, 2026

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The Canada Revenue Agency (“CRA”) has recently revised its longstanding administrative position on the GST/HST exempt-treatment of mutual fund trailing commissions. Under the new position that will be enforced as of July 1,...more

Haynes Boone

Even ‘Void’ Transfers May Sail into the Bankruptcy Code Safe Harbors

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On the heels of our last client alert on bankruptcy safe-harbor case law developments, yet another court has reemphasized the breadth of the Bankruptcy Code’s safe harbors for transactions conducted under qualified financial...more

Stikeman Elliott LLP

CSA Propose Significant Liquidity Risk Management Obligations for All Investment Funds Including Pooled Funds

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The Canadian Securities Administrators (“CSA”) have proposed amendments and changes to National Instrument 81-102 Investment Funds (“NI 81-102”) and its companion policy pertaining to the liquidity risk management (“LRM”) of...more

Hogan Lovells

New UK public offers and admissions to trading regime in force from 19 January 2026

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The new UK prospectus regime, the Public Offers and Admissions to Trading Regulations 2024 (POATRs), came into force on 19 January 2026. Whilst many aspects of the previous prospectus regime have been carried over, there are...more

Morgan Lewis

NYSE American Proposes Tightening Initial Listing Liquidity Standards to Align with Nasdaq Framework

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On January 8, 2026, NYSE American LLC filed a proposed rule change with the SEC to amend the provisions of the NYSE American Company Guide governing initial listing standards. If approved, the amendments would represent a...more

Morrison & Foerster LLP

Executive Compensation and Governance Action Items and Considerations Following Executive Order “Prioritizing the Warfighter in...

On January 7, 2026, the president issued an Executive Order titled “Prioritizing the Warfighter in Defense Contracting” (the “Order”). The Order directs the Department of War and other agencies to take immediate and...more

Jones Day

United Kingdom Unveils FSMA-Based Regulatory Regime for Cryptoassets

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The United Kingdom is bringing the regulation of crypto-related services and activities within the scope of the regime that currently applies to traditional financial services firms set out in the Financial Services and...more

A&O Shearman

Dutch House Of Representatives Adopts Bill On Digital General Meeting

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This bill, which was adopted by the House of Representatives on 16 December 2025, facilitates the fully digital general meeting for NVs, BVs, associations, cooperatives and mutual insurance companies, in addition to the...more

Holland & Knight LLP

Once a Private Securities Transaction, Now an Outside Business Activity?

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The Financial Industry Regulatory Authority (FINRA) on January 14, 2026, filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) to adopt FINRA Rule 3290 (Outside Activities Requirements). The...more

Hogan Lovells

GP consent and transfer restrictions in LP trades

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The limited partner (‘LP') secondaries market has grown into a huge ecosystem and, alongside this expansion, the process of obtaining general partner (‘GP') consent and navigating transfer restrictions has become increasingly...more

Holland & Knight LLP

Revised Hart-Scott-Rodino Thresholds and Filing Fees Take Effect February 17, 2026

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The Federal Trade Commission (FTC) announced this year's revisions to the thresholds and filing fees under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR), applying to all transactions closing on or after...more

Vinson & Elkins LLP

Governance & Sustainability Roundup – January 20, 2026

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Welcome to our Governance & Sustainability Roundup — Our regular briefing that gives a quick overview on what has recently happened in the world of governance and sustainability that may be of interest to your company, your...more

Cooley LLP

Is Your Registration Statement About to Get a Whole Lot Easier?

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Last week, SEC Chair Paul Atkins announced that the staff would be taking a comprehensive look at Regulation S-K, which drives most of the line item disclosure requirements that apply to public companies and companies looking...more

Skadden, Arps, Slate, Meagher & Flom LLP

AI-Related Claims and Other Securities Litigation Trends to Watch

Securities class action filings remained elevated in 2025, signaling that robust activity will likely persist into 2026. According to economic and financial consulting company Cornerstone Research, through September 30, 2025,...more

Skadden, Arps, Slate, Meagher & Flom LLP

As Activism Becomes a Year-Round Sport, Possible Regulatory Changes Could Impact Both Activists and Companies

Despite geopolitical volatility, tariff policy uncertainty and a slower-than-expected M&A market in the first half of 2025, shareholder activism has not cooled. In fact, 2025 experienced another record year in the U.S. for...more

Skadden, Arps, Slate, Meagher & Flom LLP

Tokenization Is Coming to a Fund Near You: Designing the Structures to Make Investment Tokens Work

Tokenization of private equity (PE) and venture capital (VC) fund interests is rapidly gaining traction in Asia, as fund managers and service providers seek to leverage blockchain technology to enhance liquidity, broaden...more

Cooley LLP

Corp Fin’s Senior Staff: Three Deputy Directors!

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A few days ago, the SEC issued this press release with a list of the current senior staffers in Corp Fin. Director Jim Moloney started his job a few months ago – and now he has three Deputy Directors!...more

DLA Piper

FSCA Update on Licensing and Supervision of Crypto Asset Service Providers

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Key Developments - The Financial Sector Conduct Authority (FSCA) has released an update on the licensing and supervision of Crypto Asset Service Providers (CASPs) under the Financial Advisory and Intermediary Services Act,...more

Bass, Berry & Sims PLC

Executive Order Links Defense Contractor Payouts and Incentives to Production and Delivery Performance

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On January 7, President Donald Trump issued an Executive Order titled “Prioritizing the Warfighter in Defense Contracting,” aimed at reshaping how certain defense contractors allocate capital....more

Carlton Fields

The Show Goes On: SEC Gag Orders Survive Constitutional Challenge

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For more than five decades, the SEC’s “no admit, no deny” (NAND) settlement policy has served as an important script for its enforcement program. Under Rule 202.5(e) of the SEC’s Rules of Practice, defendants and respondents...more

DLA Piper

SEC enforcement shake-up and Wells process reforms: Top points

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Under the current administration, the United States Securities and Exchange Commission (SEC) has advanced significant organizational and procedural changes in its Division of Enforcement, which will impact how investigations...more

Dorsey & Whitney LLP

Energy Law: Month in Review - December 2025

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Welcome to Dorsey’s Energy Law: Month in Review. We provide this update to our clients to identify significant developments in the previous month....more

Fox Rothschild LLP

The Legal Risks Family Offices Face in Private Secondary Market Investments

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Family offices are increasingly turning to private secondary market transactions to gain exposure to sought-after companies in technology, artificial intelligence, fintech, and other alternative investment sectors. These...more

DLA Piper

Gender Balance on Board(s)

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Luxembourg’s new Law of 19 December 2025 on setting a quantitative target for gender balance among directors of listed companies (New Law) introduces binding gender balance requirements for boards of listed companies,...more

Perkins Coie

Preparing for the 2026 Public Company Reporting Season

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As public companies prepare for the 2026 reporting season, now is a good time to review and refresh last year’s disclosures. Key Takeaways - Public companies should anticipate significant changes in annual report...more

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