On 8 April 2025, the European Securities and Markets Authority (ESMA) published a Final Report containing technical advice on amendments to the research provisions in the MiFID II Delegated Directive (Commission Delegated Directive (EU) 2017/593 of 7 April 2016) in the context of the Listing Act (Regulation (EU) 2024/2809 and Directive (EU) 2024/2810).
House Republicans urged the SEC to reform current rules on shareholder proposals, warning that “the politicization of the proxy process continues to place a substantial burden on public companies[.]”
The full update can be found here on our US Regulatory Intelligence platform.
SEC Commissioner Hester M. Peirce outlined seven strategies for Congress to streamline crypto regulation.
The full update can be found here on our US Regulatory Intelligence platform.
On 28 March 2025, the International Capital Market Association published an updated version of its Recommendations for Reporting under the Securities Financing Transaction Regulation. A blackline version has been published alongside the updated version, highlighting the changes.
FINRA requested comment on “modernizing” current rules, guidance and process relating to capital formation.
The full update can be found here on our US Regulatory Intelligence platform.
At the Crypto Task Force inaugural roundtable, SEC Commissioner Caroline A. Crenshaw cautioned Commissioner Hester M. Peirce and Acting Chair Mark T. Uyeda against conceding that many crypto assets and related activities should not be subject to securities laws.
The full update can be found here on our US Regulatory Intelligence platform.
Acting SEC Chair Mark T. Uyeda argued that the agency must “prioritize effective and cost-efficient regulations that respect the limits of our statutory authority,” return to a “back to the basics” approach to rulemaking, enhance engagement with stakeholders and embrace product innovation.
The full update can be found here on our US Regulatory Intelligence platform.
On 14 March 2025, the FCA published Primary Market Bulletin (No 54) which includes commentary on strategic leaks and unlawful disclosure, enhancing the National Storage Mechanism and the recent Quarterly Consultation Paper (CP25/4).
The Securities and Futures Commission’s (SFC) has on 19 February 2025 rolled out a new regulatory roadmap setting out its core guiding principles to continue Hong Kong’s development as a virtual assets (VA) hub. The roadmap adopts the “ASPIRe” slogan representing its 5 pillars – Access, Safeguards, Products
On 28 October 2024, the European Securities and Markets Authority (ESMA), issued a consultation paper on draft technical advice under the Prospectus Regulation and a call for evidence (CfE) on prospectus liability.
Background
On 8 October 2024, the Council of the EU adopted the Listing Act, a legislative proposal intended