Securities Law
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For inhouse counsel, CFOs, CCOs, and financial professionals: daily news and analysis covering securities law, regulation, and related legal matters.
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A JD Supra law feed
https://www.jdsupra.com/law-news/securities-law/
CFTC Staff Partially Reinstate CPO Exemption for RIAs
CFTC Staff Partially Reinstate CPO Exemption for RIAs
On December 19, 2025, the staff of the Division of Market Participants of the Commodity Futures Trading Commission (“CFTC”) issued no-action...
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December 27, 2025 at 3:21 AM
CFTC Staff Partially Reinstate CPO Exemption for RIAs
ESMA final report on supervisory expectations for the management body
ESMA final report on supervisory expectations for the management body
The European Securities Markets Authority (ESMA) has published its final report on supervisory expectations for the management body of firms...
www.jdsupra.com
December 27, 2025 at 3:17 AM
ESMA final report on supervisory expectations for the management body
White House Issues Executive Order Targeting Proxy Advisors
White House Issues Executive Order Targeting Proxy Advisors
The White House has issued an Executive Order directing federal agencies to review the proxy advisor industry, including proxy voting practices...
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December 27, 2025 at 3:13 AM
White House Issues Executive Order Targeting Proxy Advisors
A Year of Change Across Financial Regulation – and What Comes Next, December 2025 - SEC Staff Issues No-Action Relief for DTC Tokenization Pilot
A Year of Change Across Financial Regulation – and What Comes Next, December 2025 - SEC Staff Issues No-Action Relief for DTC Tokenization Pilot
On December 11, 2025, the staff of the SEC’s Division of Trading and Markets issued a no-action letter (the “DTCC No-Action Letter”) stating that...
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December 27, 2025 at 3:06 AM
A Year of Change Across Financial Regulation – and What Comes Next, December 2025 - SEC Staff Issues No-Action Relief for DTC Tokenization Pilot
Horizon – News and Trends in Sustainability Law - 2025 in review: Five sustainability trends that will shape what’s next in 2026
Horizon – News and Trends in Sustainability Law - 2025 in review: Five sustainability trends that will shape what’s next in 2026
Welcome to Horizon, DLA Piper’s monthly bulletin reporting on late-breaking legislative and policy developments in sustainability. Our aim is to...
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December 27, 2025 at 2:36 AM
Horizon – News and Trends in Sustainability Law - 2025 in review: Five sustainability trends that will shape what’s next in 2026
New gender-balance law for Luxembourg-listed company boards
New gender-balance law for Luxembourg-listed company boards
Luxembourg has adopted a new law requiring listed companies, including investment funds constituted as companies, to ensure that at least 33% of...
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December 27, 2025 at 2:32 AM
New gender-balance law for Luxembourg-listed company boards
FCA initiatives for retail, wealth and private banking—FCA DP25/3 on expanding consumer access to investments
FCA initiatives for retail, wealth and private banking—FCA DP25/3 on expanding consumer access to investments
The FCA has launched a bundle of far-reaching initiatives for the retail, wealth and private banking sector, including a discussion paper seeking...
www.jdsupra.com
December 27, 2025 at 2:29 AM
FCA initiatives for retail, wealth and private banking—FCA DP25/3 on expanding consumer access to investments
US Congress Finalizes 2026 NDAA, Making Key Changes to the Outbound Investment Security Program
US Congress Finalizes 2026 NDAA, Making Key Changes to the Outbound Investment Security Program
The United States House and Senate have unveiled the conference report of the 2026 National Defense Authorization Act (NDAA), which includes...
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December 27, 2025 at 2:27 AM
US Congress Finalizes 2026 NDAA, Making Key Changes to the Outbound Investment Security Program
Section 16(a) Reporting Will Be Required for Foreign Private Issuer Directors and Officers
Section 16(a) Reporting Will Be Required for Foreign Private Issuer Directors and Officers
Starting on March 18, 2026, any executive officer or director of any “foreign private issuer”i (FPI) that has a class of equity securities...
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December 26, 2025 at 7:56 PM
Section 16(a) Reporting Will Be Required for Foreign Private Issuer Directors and Officers
Delaware Supreme Court Reverses the Remedy Applied by the Court of Chancery in In re Tesla, Inc. Derivative Litigation
Delaware Supreme Court Reverses the Remedy Applied by the Court of Chancery in In re Tesla, Inc. Derivative Litigation
On December 19, 2025, the Delaware Supreme Court, sitting en banc, issued a per curiam opinion in In re Tesla, Inc. Derivative Litigation,...
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December 26, 2025 at 7:55 PM
Delaware Supreme Court Reverses the Remedy Applied by the Court of Chancery in In re Tesla, Inc. Derivative Litigation
FCA Consults on Reforms to Client Categorisation and Conflicts of Interest Rules
FCA Consults on Reforms to Client Categorisation and Conflicts of Interest Rules
On 8 December 2025, the Financial Conduct Authority (FCA) published a consultation paper (CP25/36) proposing significant changes to the UK’s...
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December 26, 2025 at 7:35 PM
FCA Consults on Reforms to Client Categorisation and Conflicts of Interest Rules
Proposed Amendments to the Securities and Futures (Stock Market Listing) Rules ("SMLR")
Proposed Amendments to the Securities and Futures (Stock Market Listing) Rules ("SMLR")
The SMLR provides the Securities and Futures Commission (the “SFC”) with key regulatory tools to address false or misleading corporate...
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December 26, 2025 at 7:14 PM
Proposed Amendments to the Securities and Futures (Stock Market Listing) Rules ("SMLR")
New Law Extends Insider Reporting Requirements to Foreign Private Issuers
New Law Extends Insider Reporting Requirements to Foreign Private Issuers
President Trump signed a law late last week that amends Section 16(a)(1) of the Securities Exchange Act of 1934, as amended, to subject foreign...
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December 26, 2025 at 6:57 PM
New Law Extends Insider Reporting Requirements to Foreign Private Issuers
Section 16 Reporting Required for Foreign Private Issuers in 2026
Section 16 Reporting Required for Foreign Private Issuers in 2026
On December 18, 2025, President Trump signed into law the Holding Foreign Insiders Accountable Act (HFIAA), which eliminates a long-standing...
www.jdsupra.com
December 26, 2025 at 6:55 PM
Section 16 Reporting Required for Foreign Private Issuers in 2026
Section 16(a) Insider Reporting Extended to Foreign Private Issuer Officers and Directors
Section 16(a) Insider Reporting Extended to Foreign Private Issuer Officers and Directors
The National Defense Authorization Act for the US federal government’s 2026 fiscal year was signed into law on December 18, 2025. While primarily...
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December 26, 2025 at 6:54 PM
Section 16(a) Insider Reporting Extended to Foreign Private Issuer Officers and Directors
Israel Securities Authority to Capital Market Entities: Voluntary Disclosure Certificates Do Not Relieve You of Due Diligence Obligations
Israel Securities Authority to Capital Market Entities: Voluntary Disclosure Certificates Do Not Relieve You of Due Diligence Obligations
In October, the Israel Securities Authority (ISA) published a directive to Tel Aviv Stock Exchange (TASE) members and trading exchanges regarding...
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December 26, 2025 at 6:35 PM
Israel Securities Authority to Capital Market Entities: Voluntary Disclosure Certificates Do Not Relieve You of Due Diligence Obligations
Securitisation reform – interpreting the Brussels mood music
Securitisation reform – interpreting the Brussels mood music
On 17 June 2025, the European Commission (Commission) published a package of proposals for the reform of the European Securitisation Framework...
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December 26, 2025 at 6:27 PM
Securitisation reform – interpreting the Brussels mood music
HM Treasury and FCA Publish Comprehensive Cryptoasset Regulatory Framework
HM Treasury and FCA Publish Comprehensive Cryptoasset Regulatory Framework
On 16 December 2025, the Financial Conduct Authority (FCA) published a comprehensive set of proposals to formally regulate the cryptoasset...
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December 26, 2025 at 6:23 PM
HM Treasury and FCA Publish Comprehensive Cryptoasset Regulatory Framework
CFTC No-Action Reinstates Broad Registration Exemption for Institutional CPOs, Pending Further Action
CFTC No-Action Reinstates Broad Registration Exemption for Institutional CPOs, Pending Further Action
On Friday, December 19, the Staff of the Commodity Futures Trading Commission’s (CFTC) Markets Participant Division published a new no-action...
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December 26, 2025 at 6:19 PM
CFTC No-Action Reinstates Broad Registration Exemption for Institutional CPOs, Pending Further Action
Securitisation reform in focus: from policy to market reality
Securitisation reform in focus: from policy to market reality
Securitisation reform is on the horizon in the EU. A substantial package of measures could unlock the market’s full potential, but it also risks...
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December 26, 2025 at 6:16 PM
Securitisation reform in focus: from policy to market reality
SEC’s Insider Reporting Obligations Extended to Foreign Private Issuers
SEC’s Insider Reporting Obligations Extended to Foreign Private Issuers
On December 18, 2025, President Donald Trump signed into law the National Defense Authorization Act for Fiscal Year 2026 (NDAA).1 Included in the...
www.jdsupra.com
December 26, 2025 at 6:15 PM
SEC’s Insider Reporting Obligations Extended to Foreign Private Issuers
Holiday Hours: End of Year Announcements
Holiday Hours: End of Year Announcements
Pursuant to an Executive Order issued last week and as implemented in accordance with this Office of Personnel Management memorandum, the SEC...
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December 26, 2025 at 6:05 PM
Holiday Hours: End of Year Announcements
Foreign Private Issuers to Be Subject to Section 16(a) Reporting Obligations
Foreign Private Issuers to Be Subject to Section 16(a) Reporting Obligations
On Dec. 18, President Trump signed into law the Holding Foreign Insiders Accountable Act (the HFIAA). The HFIAA requires directors and officers...
www.jdsupra.com
December 26, 2025 at 5:52 PM
Foreign Private Issuers to Be Subject to Section 16(a) Reporting Obligations
SEC Public Companies Enforcement: FY 2025 Review and What to Expect in 2026
SEC Public Companies Enforcement: FY 2025 Review and What to Expect in 2026
When Paul Atkins became the new chairman of the Securities and Exchange Commission (SEC) in April 2025, the market expected enforcement actions...
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December 26, 2025 at 5:51 PM
SEC Public Companies Enforcement: FY 2025 Review and What to Expect in 2026
Dealmaker's Digest: A Top 10 Bulletin - December 2025
Dealmaker's Digest: A Top 10 Bulletin - December 2025
In Dealmaker’s Digest, read the top 10 latest developments in global transactions. We offer insights into M&A activity across industries and...
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December 26, 2025 at 5:50 PM
Dealmaker's Digest: A Top 10 Bulletin - December 2025