Lightnews — Scholar-powered news

Securities Law @securitieslaw.bsky.social · 9h

UK PRA Finalises Rules on Restating MiFID Organisational Regulation

The UK Prudential Regulation Authority (PRA) has published final policy statement PS6/25, on the restatement of relevant firm-facing provisions...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 10h

Venture Lending With Warehouse Lines: Three Considerations to Protect Your Position

Fintech originators such as alternative lenders, buy-now-pay-later platforms, and payments companies typically fund daily originations through...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 10h

ESMA Consults on EMIR 3 Draft RTS on Participation Requirements

The European Securities and Markets Authority (ESMA) has published a consultation paper and reply form, setting out draft regulatory technical...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 11h

ESMA Final Draft RTS on CCP Authorisations, Extensions and Validations

The European Securities and Markets Authority (ESMA) has published its final reports under the revised European Market Infrastructure Regulation...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 11h

EBA Publishes Report on Tackling ML/TF Risks in Crypto-Asset Services

The European Banking Authority (EBA) has published a report addressing money laundering and terrorist financing (ML/TF) risks in crypto-asset...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 12h

FMSB Publishes Final Statement of Good Practice on Unauthorised Trading Frameworks

The Financial Markets Standards Board (FMSB) has released its finalised Statement of Good Practice (SoGP) on Unauthorised Trading Frameworks. The...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 15h

What's a Board to Do? Navigating a Down Round Financing

In the high-stakes world of startups, securing capital can often feel like navigating a labyrinth. But what happens when the path leads to a down...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 17h

Should Your Company Consider Risks of an Artificial Intelligence Bubble?

Recent media reports and commentators have raised concerns that current economic conditions may reflect excessive valuations of investments in AI...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 18h

Glass Lewis to Move Away from a Single “House View”: A New Era in Proxy Advice

In a move that could reshape the proxy voting landscape, Glass Lewis & Co. (Glass Lewis) has announced that it will discontinue its decades-old...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 19h

Five Reasons Delaware Reigns Supreme for Business Formation

Why is the majority of Fortune 500 companies incorporated in the state of Delaware? Why are more than 75% of all new initial public offerings in...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 19h

Texas Business Court Quarterly Update - Q3 2025

In the third quarter of 2025, the Texas Business Court has continued to release opinions that impact businesses operating in Texas and beyond....

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 19h

FCA Review of UK Wealth Management M&A

The Financial Conduct Authority (FCA) is preparing to publish the findings of its review into M&A and consolidation in the UK wealth management...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 19h

Glass Lewis To End Benchmark Proxy Voting Policy: What Companies Should Know

Major proxy advisory firm Glass Lewis announced that it will stop offering its standard benchmark proxy voting guidelines in 2027, and transition...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 20h

Regulation S-P Amendments: What ‘Large’ Registered Fund Managers Need to Do by December 3, 2025

The Securities and Exchange Commission (SEC) adopted amendments to Regulation S-P in May 2024, significantly expanding privacy, data security and...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 20h

Glass Lewis Moving (Gradually) to Bespoke Policies Rather Than Benchmark

Recently, Glass Lewis announced it’s looking to change its business model in a big way by moving to bespoke policies for its investor clients...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 21h

SEC Highlights ‘Innovation Exemption’ as North Dakota and Global Banks Move on Stablecoin Initiatives

This week’s developments spanned federal, state and industry initiatives. SEC Chair Paul Atkins indicated the Commission is working to formalize...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 21h

British Virgin Islands investment funds - Autumn 2025 update

Briefing Summary: Our investment funds team outline the latest developments within the investment funds market in the British Virgin Islands,...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 23h

SEC Staff Issues No-Action Letter Addressing the Ability of State Trust Companies to Custody Crypto Assets

Rule 206(4)-2 of the Investment Advisers Act of 1940, as amended (the “Advisers Act”) requires investment advisers registered under the Advisers...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 1d

Investigations Newsletter: DOJ Seizes $15 Billion in Bitcoin in Cryptocurrency Fraud Scheme

DOJ Seizes $15 Billion in Bitcoin in Cryptocurrency Fraud Scheme - The US Department of Justice (DOJ) unsealed an indictment charging...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 1d

Direct Issuance: What's Old Is New

Back in the summer of 2017, I wrote, together with my partner, Stewart McQueen, a commentary entitled Direct Issuance is Here – A New Paradigm...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 1d

BoE Consultation on FMI Supervision Fees 2025/26

The Bank of England (BoE) has published a consultation paper on its fees regime for financial market infrastructure (FMI) supervision for...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 1d

SEC Staff Updates Guidance to Enable IPOs During Government Shutdown

The Securities and Exchange Commission’s Division of Corporation Finance updated its government shutdown guidance on October 9, 2025 to provide a...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 1d

HMT Publishes Terms of Reference for Dematerialisation Market Action Taskforce

HM Treasury has published its Terms of Reference for the UK Dematerialisation Market Action Taskforce (DMAT), which will act as a technical group...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 1d

NASAA Amends REIT Guidelines: What Sponsors, Intermediaries, and Investors Need to Know

On September 7, 2025, the North American Securities Administrators Association (NASAA) approved amendments to its Statement of Policy Regarding...

www.jdsupra.com

Securities Law @securitieslaw.bsky.social · 1d

ESMA Publishes Q&A on Consolidated Error Reporting for Exchange-Traded Derivatives

The European Securities and Markets Authority (ESMA) has published a Q&A (ESMA_QA_2660) on whether reporting counterparties can submit a single...

www.jdsupra.com