Settlement, Regulatory Requirements, Financial Regulatory Reform

FCA supports move towards faster settlement cycle for fund trades

A&O Shearman on 6/9/2025

The UK Financial Conduct Authority (FCA) has published a press release welcoming a joint statement from asset management trade associations supporting the transition to faster settlement of trades in funds. Effective from 11...more

ECON adopts proposal on shortening of the settlement cycle to T+1 for CSDR

A&O Shearman on 5/28/2025

European Parliament's Committee on Economic and Monetary Affairs has adopted a proposal to amend the Central Securities Depositories Regulation (CSDR), introducing a shorter settlement cycle for transferable securities...more

Judge grants CFPB 30 days to settle lawsuit over credit card late fee rule

Ballard Spahr LLP on 3/24/2025

A federal judge has granted the CFPB 30 days to try to settle the lawsuit challenging the bureau’s s credit card late fee rule that was issued during the Biden Administration....more

CFTC Acting Chair Caroline D. Pham Announces CFTC’s 30-Day Enforcement Sprint

Akin Gump Strauss Hauer & Feld LLP on 3/20/2025

On February 25, 2025, the U.S. Commodity Futures Trading Commission (CFTC) released an enforcement advisory regarding the impact of self-reporting, cooperation and remediation in enforcement cases (the “Enforcement...more

The CFTC Is “in the Mode to Make Deals” (and Other Updates on the Commission)

Paul Hastings LLP on 3/13/2025

Yesterday, Acting CFTC Chairman Caroline Pham created a two-week window to bring “reasonable settlement offers” to the commission. Based on my conversations with her and others, I believe the CFTC is in “deal mode” and is...more

UK government and regulators support the UK's move to T+1

A&O Shearman on 3/3/2025

Representatives of the UK government and regulators spoke at the UK T+1 Accelerated Settlement Market industry event to confirm their support of the UK's move to a T+1 settlement cycle. The Economic Secretary to the Treasury...more