In this newsletter, we provide a snapshot of the principal European, US and selected international governance and securities law developments of interest to European corporates.
...more
10/13/2015
/ Alternative Investment Funds ,
Corporate Governance ,
Enforcement Actions ,
EU ,
EU Directive ,
European Securities and Markets Authority (ESMA) ,
Executive Compensation ,
Financial Reporting ,
Germany ,
London Stock Exchange ,
NYSE ,
OECD ,
Proxy Season ,
Proxy Voting Guidelines ,
Securities ,
Securities and Exchange Commission (SEC) ,
Shareholder Rights ,
Transparency ,
UK
Although US and EU sanctions targeting Iran are not likely to be lifted before early 2016, there are a number of issues which US and EU-based financial institutions should be aware of in preparation for sanctions relief as a...more
9/28/2015
/ Banking Sector ,
EU ,
Financial Institutions ,
Implementation Day ,
International Atomic Energy Agency ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Office of Foreign Assets Control (OFAC) ,
P5+1 Nations ,
SDN List
In this issue:
- HKEx Publishes Consultation Conclusions on Weighted Voting Rights
- Corporate Governance Reforms in Japan
- SEC and NYSE/Nasdaq Developments
- Sanctions Round-Up
- Noteworthy US...more
7/20/2015
/ Asia ,
China ,
Conflict Mineral Rules ,
Corporate Governance ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
European Securities and Markets Authority (ESMA) ,
Executive Compensation ,
Financial Reporting ,
Proxy Advisors ,
Sanctions ,
Securities and Exchange Commission (SEC) ,
UK ,
Voting Rights
After almost two years of negotiations, on July 14, 2015, the E3/EU+3 (China, France, Germany, Russia, the United Kingdom and the United States) and Iran reached an agreement regarding Iran’s nuclear program. The Joint...more
7/16/2015
/ Banking Sector ,
Energy Sector ,
Foreign Relations ,
IAEA ,
Inspections ,
Iran ,
Iran Sanctions ,
Joint Comprehensive Plan of Action (JCPOA) ,
Nuclear Power ,
P5+1 Nations ,
SDN List ,
Trade Relations
In this issue:
- Financial Reporting: Commission Delegated Regulations on Equivalence of Certain Third Country National GAAPs to IFRS
- Proxy Advisers: ESMA Consultation on Best Practise Principles for Voting...more
7/15/2015
/ Alternative Investment Fund Managers Directive (AIFMD) ,
Alternative Investment Funds ,
Annual Reports ,
Conflict Mineral Rules ,
Corporate Governance ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
European Securities and Markets Authority (ESMA) ,
Executive Compensation ,
Financial Markets ,
Financial Reporting ,
Japan ,
Money Laundering ,
New Guidance ,
Proxy Advisors ,
Regulatory Standards ,
Related Parties ,
Securities ,
Securities and Exchange Commission (SEC) ,
Small Business
What are the prospects for business with Iran after the June 30 deadline to complete negotiations over Iran’s nuclear program? In exchange for limitations on Iran’s ability to develop nuclear weapons, the European Union...more
In this issue:
- SEC Developments
- Noteworthy US Securities Law Litigation
- Recent SEC/DOJ Enforcement Matters
- Executive Compensation & Employee Benefits Developments
- Adoption of...more
In this issue:
- Adoption of Action Plan on Company Law and Corporate Governance
- European Commission Green Paper: Building a Capital Markets Union
- European Commission Publishes Consultation Paper on...more
4/21/2015
/ Capital Markets ,
Corporate Governance ,
Department of Justice (DOJ) ,
Diversity ,
Enforcement Actions ,
EU ,
European Commission ,
Germany ,
Prospectus ,
Securities and Exchange Commission (SEC) ,
Small Business ,
Stock Corporations
On January 14, 2015, the Obama Administration announced the goal of cutting methane emissions by 40–45% from 2012 levels by 2025. The goal would be achieved via a host of proposed and anticipated regulations directed at the...more
In this issue:
- Directive Regarding Disclosure of Non-Financial and Diversity Information Published in Official Journal
- ESMA Publishes Transparency Directive Consultation on European Electronic Access Point...more
2/2/2015
/ Audits ,
Board of Directors ,
Bureau of Industry and Security (BIS) ,
CONSOB ,
Corporate Governance ,
Ethics ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Institutions ,
Internal Controls ,
Market Participants ,
MiFID ,
Securities ,
Technical Standards ,
Voting Rights
In this issue:
- Japan Releases Exposure Draft of New Corporate Governance Code
- Launch of Shanghai-Hong Kong Stock Connect
- SEC and NYSE Developments
- Noteworthy US Securities Law Litigation...more
1/29/2015
/ Bureau of Industry and Security (BIS) ,
Compensation & Benefits ,
Corporate Governance ,
Department of Justice (DOJ) ,
Enforcement Actions ,
EU ,
EU Directive ,
European Securities and Markets Authority (ESMA) ,
Executive Compensation ,
Financial Markets ,
Hong Kong Stock Exchange ,
Japan ,
NYSE ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Shanghai Stock Exchange ,
UK
What is the Energy Savings Opportunity Scheme? -
The Energy Savings Opportunity Scheme, or ESOS, is a new, mandatory energy assessment and efficiency scheme in the UK that implements parts of the EU Energy Efficiency...more
In this issue:
- Asia DEVELOPMENT
- HKEx Releases Concept Paper on Weighted Voting Rights
- US DEVELOPMENTS
- SEC Developments
- Noteworthy US Securities Law Litigation
- Recent...more
10/16/2014
/ Asia ,
Compliance ,
Department of Justice (DOJ) ,
Enforcement ,
Enforcement Actions ,
EU ,
European Merger Control Regulation ,
European Securities and Markets Authority (ESMA) ,
Financial Regulatory Reform ,
HKEx ,
Securities and Exchange Commission (SEC) ,
Securities Litigation ,
Voting Rights
In this issue:
- EU DEVELOPMENTS
- European Commission Launches Public Consultation on Proposals to
- Improve EU Merger Control
- ESMA Publishes Final Guidelines on Enforcement of Financial...more
In this issue:
- ASIAN DEVELOPMENTS
- HKEx Publishes Revised Connected Transaction Rules
- US DEVELOPMENTS
- SEC Developments
- PCAOB Adopts Auditing Standard and Amendments
-...more
7/16/2014
/ Asia ,
Audits ,
Corporate Social Responsibility ,
Department of Justice (DOJ) ,
Employee Benefits ,
Enforcement ,
Enforcement Actions ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
HKEx ,
MiFID ,
Over The Counter Derivatives (OTC) ,
PCAOB ,
Securities and Exchange Commission (SEC) ,
UK
In this issue:
- EU DEVELOPMENTS
- Statutory Audit Directive and Regulation Published in Official Journal
- Council Adopts Intra-Corporate Transferees Directive
- ESMA Publishes Consultation and...more
7/14/2014
/ Audits ,
Corporate Governance ,
Corporate Social Responsibility ,
Derivatives ,
EMIR ,
EU ,
European Securities and Markets Authority (ESMA) ,
MiFID ,
Over The Counter Derivatives (OTC) ,
Prospectus ,
Shareholder Rights ,
Shareholders
On June 2, 2014, the United States Environmental Protection Agency (EPA) announced a proposed rule, called the Clean Power Plan, limiting nationwide carbon dioxide (CO2) emissions from existing fossil fuel-fired stationary...more
In this issue:
- EU Developments
- Italian Developments
- UK Developments
- US Developments
- Asian Developments
- International Financial Markets Regulation Developments
-...more
On November 6, 2013, ASTM International issued its revised Phase I Environmental Assessment Standard, E1527-13, “Standard Practice for Environmental Site Assessments: Phase I Environmental Site Assessment Process.” Perhaps...more
In this issue:
- ASIAN DEVELOPMENTS
- HKEx publishes Amended Listing Rules to Complement the New IPO Sponsor Regime
- US DEVELOPMENTS
- SEC Developments
- Noteworthy US Securities Law...more
10/22/2013
/ Corporate Governance ,
Department of Justice (DOJ) ,
EMIR ,
Enforcement Actions ,
Equivalency Determinations ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Initial Public Offering (IPO) ,
IPO Sponsors ,
PCAOB ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Short Sales ,
Swap Clearing
In this issue:
- EU Developments
- Opinion on ESMA’s Powers under the Short Selling Regulation
- ESMA Publishes Third Country Advice on Equivalence
- ESMA Consults on the Clearing...more
On September 20, 2013, the United States Environmental Protection Agency (EPA) proposed national limits on carbon dioxide (CO2) emissions for new natural gas-fired stationary combustion turbines and fossil fuel-fired electric...more
In this issue:
ASIAN DEVELOPMENTS -
- HKEx Launches Consultation on Reform of Connected Transaction Rules
US DEVELOPMENTS -
- SEC Developments
- Noteworthy US Securities Law...more
7/16/2013
/ China ,
Department of Justice (DOJ) ,
EMIR ,
Employee Benefits ,
Employer Mandates ,
Enforcement Actions ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Risk Management ,
Securities and Exchange Commission (SEC) ,
Securities Litigation
In This Issue:
- EU DEVELOPMENTS
..European Securities and Markets Authority (“ESMA”) Publishes an Update of the Committee of European
Securities Regulators (“CESR”) Recommendations Regarding Mineral...more