On April 15, 2026, the UK Competition and Markets Authority (CMA) issued a Final Infringement Notice to two major UK driving-school businesses owned by British motoring association, the AA. The notice—which was issued following a settlement with the AA—marks the
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New SEC Staff Guidance Brings Welcome Certainty to ATM Offerings
On March 19, 2026, the SEC’s Division of Corporation Finance issued new Corporation Finance Interpretation 116.26, providing guidance for issuers conducting at-the-market offerings (ATMs) under Form S-3. The interpretation addresses the scenario where a company launches an ATM while
SEC Gives Enforcement Relief to Section 16 Persons of Foreign Private Issuers in War-Affected Middle East
On Friday, March 13, 2026, the SEC staff granted no-action relief to directors and officers of any foreign private issuer with a class of equity securities registered under Exchange Act Section 12 that is organized and headquartered in Israel or
President Trump Issues a “Cyber Strategy for America” and an Executive Order on Combating Cyber-Enabled Crime
Key Takeaways
- The newly announced “Cyber Strategy for America” (Cyber Strategy) marks an expansion and tonal shift from the previous National Cybersecurity Strategy, emphasizing a proactive stance against foreign adversaries and cybercrime through offensive operations and enhanced collaboration with the
CFTC Turns Up the Spotlight on Prediction Markets
On March 12, 2026, the Commodity Futures Trading Commission (CFTC) took steps to further the regulation of prediction markets. The CFTC’s Division of Market Oversight issued a staff advisory to provide its views on the listing and trading of event
SEC Gives Enforcement Relief to Section 16 Persons of Foreign Private Issuers—and Domestic Issuers—If They Are Unable to Timely File Because They Cannot Obtain EDGAR Codes in Time
On March 12, 2026, the SEC staff issued two new FAQs related to the Holding Foreign Insiders Accountable Act (HFIA Act). The FAQs noted the HFIA Act requirements are resulting in an unusually large number of EDGAR access applications, which
Section 16(a) Reporting by FPI Directors and Officers: Exemptive Order and Guidance
Our recent Client Alert discusses the exemptive order issued by the SEC on March 5, 2026, exempting directors and officers of certain foreign private issuers (FPIs) from Section 16(a) filing requirements. Subject to specified conditions, the order identifies Canada, Chile,
Five Key Considerations for Proxy Season
With the 2026 proxy season upon us, companies are finalizing annual meeting materials against a backdrop of shifting investor priorities, evolving engagement dynamics, and regulatory uncertainty. Our recent Client Alert discusses five key governance, disclosure, and engagement considerations for companies
Event Alert Update: Wilson Sonsini’s MCLE Days, March Session Announced and February Recordings Available
Each year, Wilson Sonsini hosts CLE session(s) for clients and friends of the firm. For those with upcoming MCLE compliance deadlines, and those on a rolling basis, we are pleased to offer an expanded series of three programs designed to
FTC Promotes Age Verification in Children’s Privacy Enforcement Statement
On February 25, 2026, the Federal Trade Commission (FTC) issued an enforcement statement to promote the use of age verification technologies on the heels of its January 28 workshop on the topic. The workshop explored issues related to age verification