This memorandum highlights some considerations for the preparation of your 2020 annual report on Form 20-F. As in previous years, we discuss both disclosure developments and continued are...

In a December 3, 2020 release, the SEC adopted new Rule 2a-5 under the Investment Company Act of 1940, as amended.  The rule establishes a new framework for good-faith determinations of t...

On November 24, 2020, the SEC released proposed amendments and proposed temporary rules relating to the federal securities laws that govern the issuance of equity securities to service pr...

On December 2, 2020, the U.S. House of Representatives passed by unanimous consent the Holding Foreign Companies Accountable Act, which would require the United States Securities and Exch...

The Commodity Futures Trading Commission (CFTC) Enforcement Division’s Annual Report highlights the agency’s record number of enforcement actions in 2020, a focus on retail fraud case...

With the House expected to vote on a cannabis legalization bill tomorrow, we have updated our visual memorandum to describe the post-election prospects for the three most important cannab...

In a very significant development, the administrator of LIBOR announced on November 30 that it expects in early December to consult on its intention to cease the publication of most USD L...

Last week, the SEC enacted sweeping changes to a number of financial disclosure requirements in Regulation S-K. The rule changes, among other things, eliminate the requirement that regist...

Rules and Regulations SEC Simplifies Private Offering Rules Withdrawal of SEC Staff No-Action Letters Related to Rulemaking on Funds of Funds and ETFs Industry Update OCIE Issues Risk ...

Rules and Regulations SEC Simplifies Private Offering Rules   Industry Update OCIE Issues Risk Alert on Observations from Examinations of Investment Advisers with Multiple Branch Offic...