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Latham & Watkins LLP

Hong Kong Stock Exchange Publishes Conclusions on IPO Price Discovery and Open Market Reforms

Latham & Watkins LLP on

The Stock Exchange adopts most of its proposals to optimise IPO price discovery and open market requirements, with certain modifications based on market feedback. On 1 August 2025, The Stock Exchange of Hong Kong Limited...more

Katten Muchin Rosenman LLP

Recent Developments to UK EMIR Reporting Requirements

The regulatory landscape for derivatives reporting in the United Kingdom continues to evolve, with the Bank of England (BoE) and the Financial Conduct Authority (FCA) (together, the Regulators) actively refining the UK...more

A&O Shearman

FMSB consults on statement of good practice on unauthorised trading frameworks

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The Financial Markets Standards Board (FMSB) has published a transparency draft of its Statement of Good Practice (SoGP) on Unauthorised Trading Frameworks for consultation. This draft, which builds on FMSB's prior work on...more

Latham & Watkins LLP

UK Government Publishes Consultation Responses on Expanding the UK ETS Scope

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The government confirmed plans to expand the scope of the UK ETS to further align with the EU ETS, following discussion on potential reintegration....more

Hogan Lovells

EFRAG launch consultation on simplified European Sustainability Reporting Standards (ESRS) under the Corporate Sustainability...

Hogan Lovells on

On 31 July 2025, EFRAG launched its 60-day consultation on the Exposure Drafts of the revised and simplified European Sustainability Reporting Standards (“ESRS”) for those reporting under the Corporate Sustainability...more

Herbert Smith Freehills Kramer

Australian Government Seeks Comments on Changes to the Modern Slavery Act

As the Australian Government seeks to strengthen the transparency and effectiveness of the Modern Slavery Act (the Act), a series of reviews and responses have been conducted. In May 2023, conclusions from the first statutory...more

A&O Shearman

UK National Security and Investment Act: reducing red tape?

A&O Shearman on

The UK government has published its latest annual report on the functioning of the UK’s investment screening regime under the National Security and Investment Act 2021 (NSIA) as well as announcing its intention to reduce...more

Hogan Lovells

UK national (in)security? More NSIA notifications, increased ministerial focus on growth and inward investment, and a consultation...

Hogan Lovells on

In what was a busy week for the centre of Government in the UK, the Cabinet Office launched a consultation on proposed changes to the scope of the sectors subject to mandatory notification under the National Security and...more

Akin Gump Strauss Hauer & Feld LLP

European Commission Seeks Input on Future Trade Measures to Protect EU Steel Industry

On 18 July 2025, the European Commission (EC) launched a public consultation on future measures to protect the European Union (EU) steel sector from unfair trade practices. The deadline to provide input is 18 August 2025....more

A&O Shearman

FCA consults on future of SI regime for bonds and derivatives

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published consultation paper CP25/20 on the systematic internaliser (SI) regime for bonds and derivatives. The consultation builds on the November 2024 final policy statement which...more

BCLP

New CMA Draft Guidance on Price Transparency: What You Need to Know

BCLP on

On 3 July, the CMA issued its draft guidance on the price transparency provisions in the Digital Markets, Competition and Consumers Act 2024 (DMCCA), and launched a consultation on this draft guidance (to close on 8 September...more

Stikeman Elliott LLP

Canada’s Drug Agency Launches Public Consultation on Proposed List of Essential Prescription Drugs and Related Products

Stikeman Elliott LLP on

On June 19, 2025, Canada’s Drug Agency (“CDA”) opened a public consultation to gather input on a proposed list of essential prescription drugs and related products. This initiative is part of the agency’s responsibilities...more

Ropes & Gray LLP

The UK’s New Sustainability Reporting Consultations – FAQs for US-based Multinationals

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Many US-based multinationals are required to comply with current UK climate disclosure requirements. Last month during London Climate Action Week, the UK launched three consultations on sustainability reporting, which are...more

BCLP

Takeover Panel Consultation and New Practice Statements

BCLP on

The Takeover Panel has published a consultation paper on dual class share structures, IPOs and share buybacks. The proposed amendments to the Takeover Code clarify how the mandatory offer requirements apply to a company with...more

WilmerHale

New FCA Rules on Non-Financial Misconduct

WilmerHale on

Last week, the FCA published its long-awaited policy statement containing amendments to the FCA’s Code of Conduct (“COCON”) aimed at combatting non-financial misconduct (“NFM”). NFM can amount to a breach of FCA rules in any...more

Goodwin

FCA Non-Financial Misconduct Rules: Private Fund Managers, Fintechs, and Other Non-Banks Firmly in Scope

Goodwin on

In a previous alert, “FCA D&I Standards for Large Firms Abandoned (for now), Non-financial Misconduct Rules Delayed (but Still Important),” we discussed the proposals put forward by the UK Financial Conduct Authority (FCA)...more

A&O Shearman

PSR consults on the revocation of SD4

A&O Shearman on

The UK Payment Systems Regulator (PSR) has published consultation paper CP25/2 alongside a new webpage, proposing the revocation of Specific Direction 4 (SD4) and its amendment, SD4a. SD4, introduced following the PSR's 2016...more

BCLP

The Long-Awaited FCA Paper on Non-financial Misconduct – Was It Worth the Wait?

BCLP on

On 2 July 2025, the FCA published a further consultation paper on “tackling non-financial misconduct in financial services”. The industry has been eagerly awaiting publication of this paper, in the hope that it will address...more

BCLP

Competition and Markets Authority to Look Into the Efficiency of the Civil Engineering Market

BCLP on

On 19 June 2025, the government introduced its 10-Year Strategy, a comprehensive plan aimed at fostering economic growth through investment in (amongst other areas) housing and social infrastructure. This strategy marks a...more

Latham & Watkins LLP

Government Sets Out Next Steps for UK Sustainability Reporting Framework

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The package of consultations covers UK Sustainability Reporting Standards, transition plans, and assurance of sustainability-related disclosures....more

Latham & Watkins LLP

UK Government Consults on Sustainability Reporting Standards and Climate Transition Planning

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On 25 June 2025, the UK government launched three consultations as part of London Climate Action Week, which are intended to form key parts of the government’s programme to make the UK the “sustainable finance capital of the...more

Blake, Cassels & Graydon LLP

CSA Proposes Amendments to Modernize and Streamline Canada’s Mining Disclosure Standards

Introduction - On June 12, 2025, the Canadian Securities Administrators (CSA) announced extensive proposed amendments (Proposed Amendments) aimed at modernizing and streamlining Canada’s mining disclosure regime. The...more

Katten Muchin Rosenman LLP

FCA Consults on Proposals for Stablecoin Issuance and Cryptoasset Custody

The UK Financial Conduct Authority (the FCA) recently published two consultations: CP25/14 on stablecoin issuance and cryptoasset custody (CP25/14), and CP25/15 on prudential requirements for cryptoasset firms (CP25/15, and...more

IMS Legal Strategies

The Power of Analogies in Securities Litigation

IMS Legal Strategies on

In high-stakes securities litigation, trial teams often find themselves at a crossroads—how do you present intricate financial concepts to a jury that may have little to no background with the industry and relevant laws? The...more

Goodwin

UK Government announces update on new carried interest tax regime

Goodwin on

On June 5, 2025, the UK Government announced the result of their recent consultation process regarding their plans to bring carried interest within the income tax regime from April 2026, subject to an effective tax rate of...more

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