Preferred equity investing is on the rise amid a search for yield and a fall in the number of high-quality assets coming to market. Here we explore the growing appeal of preferred equity instruments, outline the terms that are…
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/ Commercial Law & Contracts, Finance & Banking, International Law & Trade, Labor & Employment Law, Mergers & Acquisitions
The European Securities and Markets Authority (ESMA) has published its final report on the 2023-2024 common supervisory action (CSA) carried out with national competent authorities (NCAs)on the integration of sustainability…
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/ Environmental Law, Finance & Banking, International Law & Trade, Securities Law
The sustainability regulatory landscape in Europe is reconfiguring at a rapid rate. Amid heightened anti-ESG sentiments emanating from some quarters, the UK and EU are each working to slash businesses’ regulatory burdens by 25%,…
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/ Environmental Law, Finance & Banking, International Law & Trade, Securities Law
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.
FCA consultation on targeted support: relevance to trust-based…
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/ Administrative Law, Finance & Banking, International Law & Trade, Labor & Employment Law
The UK Financial Conduct Authority (FCA) has published a consultation paper CP25/17 (CP) accompanied by a press release and updated webpage, proposing a new regulatory framework for "targeted support" in pensions and retail…
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/ Consumer Protection, Finance & Banking, International Law & Trade, Securities Law
On July 3, 2025, the U.S. Congress passed H.R. 1, “An Act to Provide for Reconciliation Pursuant to Title II of H. Con. Res. 14” (the “Act”). The Act was signed into law on July 4, 2025.
The House of Representatives passed…
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/ Energy & Utilities, International Law & Trade, Taxation
The National Assembly of Vietnam recently adopted a resolution establishing the framework for the creation, operation, monitoring and governance of an International Financial Center (IFC) in Ho Chi Minh City and Da Nang…
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/ Finance & Banking, International Law & Trade, Taxation
The UK Prudential Regulation Authority (PRA) has issued final policy statement PS10/25, setting out the annual fees for the 2025/26 financial year, following the consultation in April (CP8/25). The final policy introduces only…
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/ Finance & Banking, International Law & Trade
The Council of the EU has published initial four-column tables for the two key legislative proposals under the Payment Services Package: (i) the proposed Payment Services Directive (PSD3);…
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/ Finance & Banking, International Law & Trade
A Corrigendum to Regulation (EU) 2024/2987, referred to as the revised European Market Infrastructure Regulation (EMIR 3), has been published in the Official Journal of the European Union. This Regulation amends Regulations (EU)…
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/ Finance & Banking, International Law & Trade, Securities Law
The European Supervisory Authorities (the European Banking Authority, European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority) have launched a joint consultation on their joint…
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/ Finance & Banking, Insurance, International Law & Trade, Securities Law
The European Commission has adopted a Delegated Regulation supplementing Regulation (EU) 2023/1114 (Markets in Crypto Assets Regulation) (MiCAR), regarding regulatory technical standards (RTS) specifying the minimum contents of…
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/ Administrative Law, Finance & Banking, International Law & Trade, Securities Law
As Europe scrambles to build its military-industrial capabilities, sector dealmaking is on the rise. Here we explore how foreign investors are shaping their strategies to navigate sweeping reforms of regulatory frameworks that…
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/ Commercial Law & Contracts, Government Contracting, International Law & Trade, Mergers & Acquisitions
Following the commission’s announcement in March of the first 47 Strategic Projects under the EU Critical Raw Materials Act (Act) located within the EU (discussed in our previous article, the commission has confirmed 13…
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/ Energy & Utilities, Finance & Banking, International Law & Trade
The UK Financial Conduct Authority (FCA) has published Handbook Notice 131, outlining updates to the FCA Handbook resulting from the following statutory instruments.
Enforcement Guide (Amendment) Instrument 2025. Revokes the…
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/ Administrative Law, Finance & Banking, International Law & Trade, Securities Law
