SEC vs. Ripple Could Make Waves in Cryptocurrency Market
New SEC Division Undertakes 2021 Examination Prioritites
Del. Sup. Ct. Rules for Insureds in Long-Running Dole Foods D&O Insurance Coverage Dispute
OPKO Health Hit with Board Diversity Lawsuit
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FCA update on the Double Volume Cap
On 4 March 2021, the FCA published a revised version of its Statement of Policy regarding suspending the use of pre-trade transparency waivers for a trading venue for the purposes of the Double Volume Cap (DVC) under Article 5(3B) of UK MiFIR. The DVC limits the level of dark trading to a certain proportion of total trading in an equity.
UK MiFIR gives the FCA the power to make and renew suspensions of waivers under…
ESMA guidelines on disclosure requirements under the Prospectus Regulation
On 4 March 2021, the European Securities and Markets Authority (ESMA) published guidelines that are based on Article 20(12) of the Prospectus Regulation and Article 16(1) of the ESMA Regulation. The guidelines apply to Member State competent authorities and market participants and are intended to establish consistent, efficient and effective supervisory practices among Member State competent authorities when assessing the completeness, comprehensibility and consistency of information in prospectuses as well as to ensure the common,…
New FCA webpages on TPR
On 3 March 2021, the FCA published the following webpages:
Supervising firms in the TPR. This webpage provides a brief summary of how the FCA supervises firms in the temporary permissions regime (TPR). In particular, it reminds firms in the TPR that in some cases different rules apply when compared to when they were passporting into the UK – for example, rules in relation to safeguarding client money or custody assets, or status disclosure.…
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IBA Sets LIBOR Publication Cessation Dates and Triggers a LIBOR Transition Event
