The SEC backpedaled on its proposed rules that would have expanded the scope of underwriter liability and included a new safe harbor under the Investment Company Act of 1940. But the fina...
The Biden administration has requested public comment on a proposed framework restricting outbound investment by U.S. persons in certain Chinese sectors.
On June 1, 2023, Hong Kong’s licensing regime for virtual asset trading platforms came into force, following the SFC’s Consultation Conclusions published on May 23, 2023 setting out t...
The NYSE and Nasdaq have amended their proposed listing standards relating to clawbacks to provide that October 2, 2023 will be the effective date, which means that listed companies will ...
On 20 February 2023, the Hong Kong SFC published a Consultation Paper setting out the proposed regulatory requirements for licensed Virtual Asset Service Providers under the new regime, t...
On January 31, 2023, the Hong Kong Monetary Authority published the conclusions to its earlier consultation on stablecoin regulations. The consultation conclusions set out the HKMA’s hi...
This client update reviews Hong Kong regulatory requirements applicable to SFC-licensed fund managers and individuals that sponsor or promote SPACs and analyzes the relationship, transact...
On the heels of a similar rule change for Nasdaq, the SEC approved rule changes relaxing price range limitations for primary direct listings on the NYSE. The modified rule allows the open...
The SEC approved rule changes relaxing price range limitations for primary direct listings on Nasdaq. Prior to this change, the rules required that the opening auction price be within the...
On 31 October, the government and regulators of the Hong Kong financial industry signaled a clear intention to embrace digital ledger technology and its various applications such as crypt...
