In a game-changing development for the future viability of digital asset securities trading, staff of the Division of Trading and Markets of the SEC issued a No-Action Letter to FINRA on ...
On August 26, the SEC adopted amendments to update the business description, legal proceedings and risk factor disclosures that U.S. companies make in registration statements, annual repo...
On August 26, the Securities and Exchange Commission expanded the definitions of “accredited investor” in Regulation D and of “qualified institutional buyer” in Rule144A, thereby ...
The path to direct listings by companies is getting easier. On Wednesday, the SEC approved the NYSE’s rule change that will permit companies to raise capital in a direct listing. Prior ...
The SEC voted (3 to 1) on Wednesday to adopt final rules that would regulate proxy advisory firms and permit companies that are the subject of their voting recommendation reports to provi...
In just the last two months, each of the Global Reporting Initiative, the Sustainability Accounting Standards Board and the World Economic Forum have announced significant changes or othe...
Davis Polk’s Joseph Hall and Betty Huber, jointly with Katherine J. Brennan and Connor Kuratek of Marsh & McLennan Companies, are authors of the 13th edition of The International Compar...
On June 23rd, the staff of the SEC’s Division of Corporation Finance issued new Disclosure Guidance Topic No. 9A reflecting the staff’s current views regarding disclosure that compani...
On June 22nd, the New York Stock Exchange (NYSE) filed a proposed rule change with the Securities and Exchange Commission that would permit companies to raise capital in a direct listing....
It is impossible to discuss this proxy season without acknowledging the impact that the COVID-19 pandemic has had and its resulting highs and lows. While the virus has upended the planni...
