On August 14, 2026, the SEC’s Division of Corporation Finance updated its statement on how it handles Rule 14a-8 shareholder proposals. The Division will now stop responding to shareholder proposal related no-action requests of any kind, and it will no
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CMA Ramps Up Drip Pricing Enforcement With Investigations Into Trainline, Virgin Atlantic, and RED Driving School
The UK Competition and Markets Authority (CMA) announced on Wednesday that it has opened three new consumer protection investigations into Trainline, Virgin Atlantic, and RED Driving School over concerns that mandatory fees were not included in the headline prices.[1]
Insights from the 2026 ISS STOXX Governance Annual Global Survey
On July 21, 2026, ISS STOXX Governance (ISS) opened its Annual Global Benchmark Policy Survey (the Survey), which it uses to inform its annual policy development process. This year, the Survey covers a wide range of topics under the headings
Settlement Structures for UK-Listed Shares of Overseas Companies
UK-listed shares are required to be held and settled through the UK’s electronic settlement system (CREST), as operated by Euroclear UK & International Limited (Euroclear UK). Shares issued by a company that is not incorporated in the UK or Channel
CFIUS Releases 2025 Annual Report: Key Takeaways
The Committee on Foreign Investment in the United States (CFIUS or the Committee) recently published its 2025 Annual Report, which provides information regarding transactions reviewed by CFIUS during 2025.[1] Key takeaways from the 2025 Annual Report are below.
FCC Adds Foreign-Produced Robotics, Power Inverters to Covered List; House NDAA Targets Foreign Adversary Humanoid Robots
On July 28, 2026, the Federal Communications Commission (FCC) added foreign-produced “advanced robotic devices” and “power inverters” to the FCC’s Covered List, effectively barring covered equipment from receiving the FCC equipment authorizations necessary for most electronic devices to be imported,
Closing the Gap: FCA Eases UK IPO Research Rules
On August 5, 2026, the Financial Conduct Authority (FCA) published Policy Statement PS26/16, Changes to information flows for UK equity IPOs, removing two significant regulatory requirements that had governed analyst research in UK IPO transactions since 2018.The final rules
SEC Formalizes Focus on Accounting Fraud With Creation of Financial Reporting and Accounting Unit Within the Enforcement Division
On August 5, 2026, the SEC announced the creation of a new Financial Reporting and Accounting Unit within the Division of Enforcement “to provide the dedicated expertise, focus, and capacity to pursue accounting and financial reporting cases as well as
Fourth Circuit Reverses Class Certification in Boeing Litigation, Establishing a High Bar Under Comcast
The Fourth Circuit recently reversed a grant of class certification in a securities fraud action against Boeing, adopting a rigorous approach for establishing class-wide predominance as to damages. In Office of General Treasurer on behalf of Employees Retirement System v.
Trump Administration Imposes New Section 301 Tariffs on 60 Trading Partners, New Section 338 Tariffs on Canada
For more insights and analysis from Cleary lawyers on policy and regulatory developments from a legal perspective, visit What to Expect From a Second Trump Administration.
On July 23, 2026, the Trump administration announced new tariffs (Forced Labor Tariffs)