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K&L Gates LLP

United States: The Great SEC Spring Clean Up–14 Proposals Wiped Away

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Spring is a time of renewal, and the US Securities and Exchange Commission (SEC)–under its new chairman, Paul Atkins–has shown that. On 12 June 2025, the SEC withdrew 14 proposed rules impacting funds and asset managers,...more

Paul Hastings LLP

SEC Withdraws 14 Pending Rule Proposals

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On June 12, the Securities and Exchange Commission (SEC) formally withdrew 14 proposed rules for investment advisers, broker-dealers and public companies, many of which had been pending for several years. Should the SEC...more

Proskauer - Regulatory & Compliance

SEC Formally Withdraws Fourteen Rule Proposals

On June 12, 2025 the Securities and Exchange Commission (“SEC”) formally withdrew fourteen outstanding rule proposals issued by the prior administration. Although most observers doubted that the current Commission would adopt...more

Cooley LLP

SEC Abandons Numerous Gensler-Era Proposed Rules

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In just eight pages, the Securities and Exchange Commission (SEC) scrapped 14 proposed rules introduced between October 2020 and November 2023.1 Since taking office in April 2025, Chair Paul Atkins has struck a tone...more

Alston & Bird

Trump Administration Releases Cyber Executive Order Revealing Renewed Strategy for U.S. Cybersecurity

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On June 6, 2025, President Trump issued an Executive Order (EO) on Sustaining Select Efforts to Strengthen the Nation’s Cybersecurity, amending certain prior directives established by the Biden and Obama administrations....more

Morrison & Foerster LLP

Trump Issues Executive Order on Cybersecurity Rolling Back Some Prior Policies and Introducing New Ones

Last week, the Trump administration made its priorities clear for the nation’s cybersecurity posture in the form of the newly issued executive order entitled “Sustaining Select Efforts to Strengthen the Nation’s Cybersecurity...more

Davis Wright Tremaine LLP

FedRAMP 20x Initiative Promises Major Changes for Federal Cloud Service Providers

Major changes are coming again to the Federal Risk and Authorization Management Program ("FedRAMP"), the federal government's cybersecurity authorization program for cloud service providers ("CSPs")....more

Holland & Knight LLP

GSA Announces Overhaul of FedRAMP with Emphasis on Industry Input and Automation

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The U.S. General Services Administration (GSA) recently announced plans to develop the Federal Risk and Authorization Management Program (FedRAMP) 20x – a new approach to the government-wide program for the security...more

Hogan Lovells

CISA reevaluating its critical infrastructure public-private partnership

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Earlier this month, Secretary of the Department of Homeland Security (DHS) Kristi Noem announced plans to disband the Critical Infrastructure Partnership Advisory Council (CIPAC).  First created in 2006, CIPAC is a...more

Sheppard Mullin Richter & Hampton LLP

FDIC Updates Crypto Guidance, Removes Pre-Approval Requirement for Banks

On March 28, the FDIC issued updated guidance clarifying the process for FDIC-supervised institutions to engage in crypto-related activities. The guidance rescinds and replaces prior instructions issued in 2022 and makes...more

Keating Muething & Klekamp PLL

Pay vs. Performance and Cybersecurity Disclosure Rules: Will the SEC Retract Rulemaking?

On March 31, 2025, members of the U.S. House of Representatives Committee on Financial Services sent a letter to Mark Uyeda, Acting Chairman of the U.S. Securities and Exchange Commission. Seeking to “undo the damage from...more

Cozen O'Connor

FedRAMP Update – New Approach(es) to Authorization on the Way

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On Monday, March 24, 2025, the General Services Administration (GSA) launched FedRAMP 20x, as an effort to automate parts of the program and create collaboration with the industry to improve authorization process for cloud...more

Latham & Watkins LLP

President Trump Issues Executive Order Calling on State and Local Governments to Support National Resilience

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The order prioritizes extensive policy reviews, the introduction of a National Resilience Strategy and National Risk Register, and increased reliance on state and local governments to strengthen national infrastructure....more

Morrison & Foerster LLP - Government...

FedRAMP 20x: Reformulating the Authorization Process

FedRAMP Director Pete Waterman recently unveiled the “FedRAMP 20x” plan – a proposal designed to reimagine and reformulate the FedRAMP authorization process for federal government use of cloud-based products and services....more

A&O Shearman

Hong Kong passes its first Cybersecurity Law to safeguard critical infrastructure

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Hong Kong’s Legislative Council passed the Protection of Critical Infrastructures (Computer Systems) Bill (the “CI Bill”) on March 19, 2025. This landmark legislation aims to enhance cybersecurity and minimize disruptions...more

Wiley Rein LLP

Trump EO on Preparedness and Resilience Could Signal Major Shifts in Federal Role

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On March 19, 2025, the White House released Executive Order (EO) 14239, Achieving Efficiency Through State and Local Preparedness, which calls for a comprehensive review of and changes to many long-standing federal...more

Wiley Rein LLP

DOD Mandates Use of Software Acquisition Pathway for Software Development Procurements

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WHAT: Department of Defense (DOD) Secretary Pete Hegseth issued a memorandum titled “Directing Modern Software Acquisition to Maximize Lethality” that is intended to reform DOD’s procurement involving software development....more

Davis Wright Tremaine LLP

Regulatory Reset? U.S. Cyber Incident Reporting Rules Face Congressional Scrutiny

Lawmakers expressed bipartisan support for significantly amending or eliminating some cybersecurity incident notification requirements during a recent hearing of the U.S. House Committee on Homeland Security's Subcommittee on...more

Blake, Cassels & Graydon LLP

Secteur des paiements au Canada : Principaux développements attendus en 2025

L’année 2025 pourrait se révéler porteuse d’importants changements dans le secteur des paiements au Canada en raison de l’élargissement de l’admissibilité à participer aux systèmes de Paiements Canada, ainsi que du...more

A&O Shearman

ESMA guidelines on maintenance of systems and security access protocols under MiCAR

A&O Shearman on

The European Securities and Markets Authority (ESMA) has published official translations of the guidelines on the maintenance of systems and security access protocols for offerors and persons seeking admission to trading of...more

Frost Brown Todd

Proposed HIPAA Security Rule Requires AI Governance

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In terms of healthcare data breaches, 2024 was the worst year ever, with the records of at least 53% of the U.S. population involved and two of the biggest healthcare data breaches of 2024 ranking in the top 10 of all time. ...more

Akin Gump Strauss Hauer & Feld LLP

President Trump Changes National Security Council to Align with New Priorities

On January 20, 2025, President Trump signed the National Security Presidential Memorandum (NSPM-1), which lays out the framework for how the National Security Council (NSC) will be organized under his administration. The...more

Eversheds Sutherland (US) LLP

Dual registrant regulatory roundup - February 2025

Welcome to the Regulatory Roundup. Each month, Eversheds Sutherland Investment Services attorneys review significant regulatory developments (including notable rulemakings and guidance from securities regulators) from the...more

Wiley Rein LLP

President Trump Revokes Biden Administration’s AI EO: What To Know

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As expected, President Trump took action on the first day of his new term to revoke the landmark 2023 Executive Order on Artificial Intelligence (AI) that was the centerpiece of the Biden Administration’s approach to AI....more

Morrison & Foerster LLP - Government...

Biden’s Final Cybersecurity Order Proposes Significant Changes, All to Be Implemented by the Incoming Administration

Citing the threats posed by foreign adversaries and criminal organizations, and seeking enhanced accountability for companies that provide software and cloud services to the federal government, the Biden administration has...more

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