News & Analysis as of

Reporting Requirements

Littler

What Employers Need to Know About No Tax on Tips and No Tax on Overtime

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On July 3, 2025, the U.S. House of Representatives narrowly passed H.R.1, the so-called “One Big Beautiful Bill Act,” ending a dramatic journey through Congress that dominated headlines in recent weeks. President Donald J....more

Mayer Brown Free Writings + Perspectives

SEC Statement on Disclosure Best Practices for Crypto Asset ETFs

On July 1, 2025, the staff of the Division of Corporation Finance at the U.S. Securities and Exchange Commission (the “SEC”) issued another in a series of statements regarding crypto assets. This particular statement, titled...more

A&O Shearman

UK Government consults on measures to support UK sustainable finance

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The UK Government's Department for Energy Security & Net Zero has published a series of three consultations on proposals to help UK-regulated financial institutions and large companies to develop climate transition plans. The...more

Hogan Lovells

The Italian FIU consults on a new draft Suspicious Transactions Regulation

Hogan Lovells on

The Financial Intelligence Unit for Italy (“FIU”) issued a public consultation on new instructions for the detection and reporting of suspicious transactions (“Suspicious Transactions Regulation”), which will replace the FIU...more

Jackson Lewis P.C.

HB1127 Explained: North Dakota’s New InfoSec Requirements for Financial Corporations

Jackson Lewis P.C. on

Earlier this year, North Dakota’s Governor signed HB 1127, which introduces new compliance obligations for financial corporations operating in North Dakota. This new law will take effect on August 1, 2025....more

Wiley Rein LLP

August 1, 2025 FCC EEO Deadlines for Stations in NC, SC, IL, WI, and CA

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Radio and television station employment units (SEUs) located in North Carolina, South Carolina, Illinois, Wisconsin, and California with five or more full-time employees must prepare by Friday, August 1, 2025, an annual EEO...more

Beveridge & Diamond PC

EPA Continues Focus on Antimicrobial Pesticide Enforcement in 2025

Key Takeaways - What Happened: EPA continues to assess significant penalties against manufacturers and distributors of antimicrobial products under the new administration....more

Hogan Lovells

UK consultation: Exposure draft of UK Sustainability Reporting Standards: UK SRS S1 and UK SRS S2

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On 25 June 2025, the UK Department for Business and Trade published a consultation on the exposure draft of the UK Sustainability Reporting Standards: UK SRS S1 and UK SRS S2. The consultation seeks views on draft UK...more

Hogan Lovells

ESG Focus: UK/EU/International ESG regulation monthly round-up – June 2025

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EU Omnibus updates and dates for your diary: With negotiations continuing at both European Parliament and Council of the European Union level, final agreement on the omnibus proposals for sustainability reporting and due...more

Pillsbury - Global Trade & Sanctions Law

UK Expands Whistleblower Protections to Bolster Sanctions Enforcement

On June 26, 2025, the UK government brought into force the Public Interest Disclosure (Prescribed Persons) (Amendment) Order 2025 (the “2025 Amendment”), marking a notable development in the UK government’s sanctions...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Oregon Enacts Wage Deduction Transparency Law

Oregon law requires employers to provide employees with itemized wage statements on regular paydays. Such statements must include details, such as date of payment, dates of work covered, employee’s name, employer’s name and...more

Ropes & Gray LLP

European Commission Significantly Cuts Back Taxonomy Reporting – A Look at the July 4 Delegated Regulation

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While we in the US were celebrating Independence Day, large companies – including many US-based multinationals – were given their own reason to celebrate. On July 4, the European Commission adopted a Delegated Regulation...more

Bricker Graydon LLP

Is My Group Health Plan Covered by State PBM Reporting Laws?

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State laws seeking to regulate pharmacy benefit managers (PBMs) have increased significantly over the past few years. As it stands, all 50 states have laws that regulate PBMs in some way, but all are unique. However, most of...more

Carey Olsen

Introducing CARF - the OECD's Crypto-Asset Reporting Framework

Carey Olsen on

The recent proliferation of crypto-assets and its uses have transformed the international financial landscape, offering innovative opportunities for payments, investment and Decentralised Finance (DeFi). At the heart of it,...more

Conn Maciel Carey LLP

The One Big Beautiful Bill’s Overtime and Tax Provisions – Employer Consequences

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As we await the House of Representatives’ vote on the One Big Beautiful Bill, let’s highlight two key provisions that may soon impact employers and employees alike. The Senate bill under consideration before the House of...more

Proskauer - Regulatory & Compliance

Timetable extended for developing new CSRD Standards, following EFRAG Progress Report

A new extended timetable is now in play for the European Financial Reporting Advisory Group (“EFRAG”) following a letter sent by the EU Commissioner Albuquerque on 1 July 2025. EFRAG is tasked with the responsibility to...more

Davis Wright Tremaine LLP

Broadcast Station Filings Due on July 10, 2025

As described in more detail below, by July 10, 2025, all radio and television broadcast stations, both commercial and noncommercial, must prepare a list of important issues facing their communities of license and the programs...more

Frost Brown Todd

End of E-Verify Alerts for Terminated Work Authorization Shifts Compliance Burden to Employers

Frost Brown Todd on

On June 20, 2025, the U.S. Department of Homeland Security (DHS) announced a change in how E-Verify will manage the termination notification of employees with Employment Authorization Documents (EADs) that have been revoked....more

McDermott Will & Emery

CA Senate amends AB 1415 to reinsert MSO reporting requirements

On June 27, 2025, the California Senate amended Assembly Bill (AB) 1415 to add back in a reporting requirement for management services organizations (MSOs) undergoing a sale of a material amount of assets or change of...more

A&O Shearman

Council of EU adopts negotiating position on omnibus sustainability package

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The Council of the EU has announced it has adopted its negotiating mandate on the Omnibus I package which proposes targeted amendments to, amongst other things, the Corporate Sustainability Reporting Directive (CSRD) and the...more

A&O Shearman

ESMA progresses streamlined reporting efforts with call for evidence, discussion paper and final reports

A&O Shearman on

The European Securities and Markets Authority (ESMA) has launched a call for evidence (CfE) as part of its Data Strategy to gather feedback on how to simplify and streamline supervisory reporting. The aim is to reduce the...more

Goodwin

Louisiana Enacts Law Regulating Earned Wage Access Services

Goodwin on

Louisiana has enacted a law that establishes a financial services oversight regime for earned wage access services, also known as on-demand pay services, which allow workers to access earned but unpaid income before payday....more

NAVEX

Watch Out for Hoax Reports to Your Hotline

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We’ve recently been made aware of an increase in anonymous hoax emails and online reports posted to multiple companies through their internal reporting systems. The wording of these posts were identical and alleged violation...more

Paul Hastings LLP

UK Equity Capital Markets Insights — July 2025

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As noted in the April edition of this newsletter, the FCA consulted in February 2024 and November 2024 on proposed measures to update and streamline its enforcement guide and to increase transparency in how it goes about...more

Frost Brown Todd

California’s Climate Disclosure Rulemaking Enters a New Phase

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California’s requirements for climate-related corporate disclosures are evolving as the California Air Resources Board (CARB) continues to implement Senate Bill (SB) 253 and SB 261. Although these statutes were enacted in...more

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