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 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 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 14, 2023 President Biden Issues Executive Order Targeting Certain Investments in China By Jacques Semmelman On August 9, President Biden issued an Executive Order on Addressing United States Investments in Certain National Security Technologies...
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...
Jul 27, 2023 SEC Proposes Rules for IAs/BDs Regarding Digital Engagement Practices (Gamification) and Proposes Amendments Regarding 'Robo-Adviser' Registration By Adam Bolter On July 26, the Securities and Exchange Commission (SEC) voted 3-2 in favor of proposing new rules and amendments designed to address...
Jul 17, 2023 Law Commission Publishes Recommendations for Digital Assets Reform By Neil Robson Carolyn Jackson Nathaniel Lalone Christopher Collins Ciara McBrien +2 more... Show less On 28 June 2023, the UK’s Law Commission (“Commission”) published its final report (“Report”) setting out its recommendations to UK...
Jul 13, 2023 European Commission Adopts Rules on Securitisation Risk Retention By Christopher Collins Nathaniel Lalone Peter Englund On 7 July 2023, the European Commission (“EC”) approved the text of a delegated regulation supplementing the EU Securitisation Regulation...