A new ruling in Aabar v. Glencore clarifies that legal privilege can apply to non-lawyer communications between authorised client personnel in certain circumstances.
By Oliver Middleton and Duncan Graves
Key Points:
EPA’s decision, paired with a newly unveiled research program from the Department of Health and Human Services, increases scrutiny on these emerging contaminants.
By Julia A. Hatcher, Tom Lee, Hunter J. Kendrick, and Casey Lynn Kirk
On
PPWR provisions include requirements on recyclability, minimum recycled content, labelling, packaging minimisation, reuse, and refill-related obligations.
By Michael D. Green, James Bee, and Toon Dictus
Key Points:
The guidance defines certain regulated cryptoasset activities broadly, potentially placing onerous authorisation obligations on DeFi and web3 user interfaces and wallets.
By Stuart Davis, Gabriel Lakeman, Brett Carr, Cameron Jones, and Imaan Nazir
On 15 April
The FCA and PRA have finalised Phase 1 reforms to ease the SMCR’s administrative burden on firms, while HM Treasury confirmed future legislative changes.
By Becky Critchley, Nicola Higgs, Rob Moulton, and Charlotte Collins
Key Points:
The consultation proposes broad changes to the four-decades-old regime, including greater powers for the UK Insolvency Service and a new director “restrictions” regime.
By Pamela Reddy and Matthew Unsworth
Key Points
The SEC Staff sets out conditions under which providers of certain cryptoasset securities-transaction interfaces may operate without broker-dealer registration.
By Zachary Fallon, Stephen P. Wink, Jenny Cieplak, Naim Culhaci, Haoyu Gu, Dallin Adams, and
The OCC and FDIC’s jointly codified rule prohibits regulators from using reputational risk as a basis for criticisms, adverse actions, or pressure on banks’ customer relationships.
The regulator has introduced a further relaxation of the market maker exemption, amongst other amendments from its consultation proposals.
By Becky Critchley, Nicola Higgs, Rob Moulton, and Charlotte Collins
Key Points:
The proposed amendments would codify what most market participants always understood, that Rule 15c2-11 applies to equity securities, not fixed-income instruments.
By Stephen P. Wink, Naim Culhaci, Haoyu Gu, and Connor Jobes
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