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).
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
On 8 October 2024, the Council of the EU announced that it has adopted the listing act, a legislative package that is intended to make EU public capital markets more attractive for EU companies and facilitate the listing of companies of all sizes, including SMEs, on European stock exchanges. Following the Council’s adoption, the
On June 27, 2024, the Supreme Court issued a decision holding that the Securities and Exchange Commission’s (SEC) practice of seeking civil monetary penalties in securities fraud cases filed in its administrative forum violates the Seventh Amendment of the Constitution. SEC v. Jarkesy, No. 22–859 (June 27, 2024). The Supreme Court’s reasoning could
On 22 May 2024, the European Securities and Markets Authority (ESMA) published a Position Paper on ‘Building more effective and attractive capital markets in the EU’. The Position Paper includes 20 recommendations to strengthen EU capital markets and address the needs of European citizens and businesses.
ESMA’s recommendations for a well-functioning capital market
On 14 November 2023, the European Securities and Markets Authority (ESMA) updated its document setting out links to Member State websites where net short positions in shares are disclosed.
Article 9 of the Regulation on short selling and certain aspects of credit default swaps provides that net short position in shares should be