On September 17, 2026, the Securities and Exchange Commission (the “SEC”) issued an order (Release No. 34-106402; File No. 4-927) granting five-year, temporary exemptive relief allowing (1) qualifying tokenized securities venues that provide innovative automated market makers (“AMMs”) and liquidity
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Glass Lewis Shifts to Multi-Perspective Research Model: What Corporate Issuers Need to Know
Lenders Must Report Interest on U.S. Auto Loans
On September 8, 2026, the Internal Revenue Service (IRS) published final regulations implementing the interest deduction on loans for the purchase of specified vehicles assembled in the U.S. Taxpayers’ ability to deduct that interest comes with reporting and disclosure requirements…
SEC Proposes Modernization of Proxy Solicitation Rules
On September 16, 2026, the Securities and Exchange Commission (the “SEC”) proposed amendments to modernize the proxy solicitation rules (Release Nos. 33-11439; 34-106385; File No. S7-2026-33) under Regulation 14A of the Securities Exchange Act of 1934, as amended (the “Exchange…
Structured ETFs: a regulatory backdrop
Masterclass | September 22, 2026Learn more here.
Defined outcome products include a range of products designed to provide investors with some level of certainty (a “predictable” outcome if held for the specified period) usually based on a buffer, while…
SEC Proposes to Rescind Rule 14a-8: Another Nail in the Coffin for Shareholder Proposals?
In an awaited but not surprising proposing release, on September 16, 2026, the Securities and Exchange Commission (the “SEC” or the “Commission”) proposed rescinding Rule 14a-8 under the Securities Exchange Act of 1934, as amended, which governs the processes under…
SEC Issues “Innovation Exemption” to Facilitate Trading of Tokenized NMS Stock
On September 17, 2026, the Securities and Exchange Commission (the “Commission” or the “SEC”) issued an exemptive order to be known as the “Innovation Exemption.” This Innovation Exemption grants temporary, conditional exemptive relief under Section 36(a)(1) of the Securities Exchange…
SEC Proposes Rules Rescinding Federal Regulation of Shareholder Proposals and Modernizing Proxy Solicitations
On September 16, 2026, the Securities and Exchange Commission (the “Commission”) proposed two sets of amendments to the federal proxy rules under Regulation 14A of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The first proposal would…
SEC Expands Accommodations for Issuers of Asset-Backed Securities Submitting Draft Registration Statements
On September 8, 2026, the staff (the “Staff”) of the Division of Corporation Finance of the Securities and Exchange Commission (the “SEC”) announced that the SEC is expanding its nonpublic draft registration statement review accommodations to issuers of asset-backed securities…
SEC Proposes Rescission of Investment Adviser “Pay-to-Play” Rule
On September 3, 2026, the US Securities and Exchange Commission (“SEC” or the “Commission”) proposed the rescission of Rule 206(4)-5 under the Investment Advisers Act of 1940 (the “Advisers Act”), widely known as the “pay-to-play” rule. The SEC will solicit…