Sep 25, 2023 FCA Final Warning for Cryptoasset Firms Publishing Financial Promotions in the UK By Neil Robson Christopher Collins Sara Portillo On 21 September 2023, the Financial Conduct Authority (FCA) published a letter (Letter) setting out a “final warning” to cryptoasset...
Sep 19, 2023 FCA Publishes Policy Statement and Near-Final Rules on Financial Promotion Approvals Gateway By Neil Robson Nathaniel Lalone Christopher Collins Ciara McBrien +1 more... Show less The FCA has published a policy statement (PS23/13) on introducing a “gateway” for firms that approve the financial promotions of...
Sep 15, 2023 FCA Publishes Letter on Preparations for Cryptoasset Financial Promotion Rules By Neil Robson Christopher Collins Sara Portillo On 7 September 2023, the Financial Conduct Authority (“FCA”) published a letter (“Letter”) setting out its findings from meetings with...
Sep 14, 2023 CFPB Director Announces Intention to Propose Rules Targeting the Reliance on Non-Traditional Data Sources in Consumer Finance By Eric Hail Christina Grigorian Jessica Harrell
Sep 06, 2023 Katten and Reputation Consultancy Lansons Debut Podcast Series on Misconduct in Financial Services By Financial Markets and Funds In collaboration with reputation consultancy Lansons, Katten has launched “(mis)Conduct, Money & Reputation,” a new podcast series that...
Sep 01, 2023 The Post-Brexit Future of the UK’s Securitisation Regime Takes Shape By Nathaniel Lalone Peter Englund Christopher Collins Ciara McBrien +1 more... Show less As part of the UK’s post-Brexit regulatory reforms, the UK government is working to repeal and replace retained EU financial services law...
Aug 29, 2023 SEC Denial of Grayscale Bitcoin Fund Was Arbitrary and Capricious, Rules DC Circuit Court of Appeals By Gary DeWaal Dan Davis Sheehan Band Alex Kim +1 more... Show less The Securities and Exchange Commission acted arbitrarily and capriciously when it denied Grayscale Investment LLC’s proposed listing of a...
Aug 29, 2023 Offering of NFTs Allegedly Promoted as Investments Claimed To Be Unregistered Securities Offering by SEC in Settled Enforcement Action By Gary DeWaal Dan Davis An offering of non-fungible tokens was deemed an unlawful offering of securities without registration by the Securities and Exchange...
Aug 28, 2023 The Second Circuit Agrees: Loans are Not Securities By Amanda Segal Lori Jacobs In a highly anticipated decision, the United States Court of Appeals for the Second Circuit affirmed the District Court’s decision in...
Aug 24, 2023 SEC Adopts Controversial and Sweeping Changes to Private Fund Rules; Requires Documentation of Annual Compliance Reviews By Adam Bolter On August 23, the Securities and Exchange Commission (SEC) voted 3-2 (with Commissioners Peirce and Uyeda dissenting) in favor of...
Aug 24, 2023 SEC Narrows Exemption From FINRA Membership for Broker-Dealers By James Brady Susan Light On August 23, 2023, the Securities and Exchange Commission (SEC) adopted amendments to SEC Rule 15b9-1 that effectively will require...
Aug 24, 2023 Finally Finally! FINRA Finalizes Amendments to Covered Agency Transaction Requirements Under FINRA's Margin Rule 4210 By Susan Light After seven years of extending the implementation date of the original rulemaking adopted in 2016 for Covered Agency Transactions, the...
Aug 18, 2023 FCA Publishes Expectations on the Travel Rule for UK Cryptoasset Businesses By Neil Robson Christopher Collins Ciara McBrien The Financial Conduct Authority (FCA) has published a statement (Statement) on its expectations for UK cryptoasset businesses (CBs)...
Aug 15, 2023 Join Katten for the 11th Annual Tax-Efficient Investing Program on September 13 By Financial Markets and Funds CLICK HERE to register for this event. Industry-leading authority Henry Bregstein will moderate a half-day program on tax-efficient...
Aug 03, 2023 A Disagreement Among Judges in the Same Courthouse Arises in Ruling Denying Motion to Dismiss SEC Enforcement Action Against Terraform Labs By Gary DeWaal Dan Davis One US federal district court judge affirmatively challenged the analysis of another district court judge sitting in the same courthouse...
Jul 31, 2023 DTCC Announces Wind Down of Global Markets Entity Identifier Business By Carolyn Jackson Neil Robson Nathaniel Lalone Christopher Collins Ciara McBrien +2 more... Show less On 27 July 2023, Depository Trust & Clearing Corporation (“DTCC”) announced its decision to exit the Global Markets Entity Identifier...