Finance Law and Banking Law

In Lundin Mining Corp. v. Markowich, 2025 SCC 39, the Supreme Court of Canada clarified how issuers must identify and meet their disclosure obligations regarding “material changes”...

The National Association of Insurance Commissioners (“NAIC”) held its 2026 Spring meetings in San Diego. The NAIC received updates from various working groups, including the RBC Investment Risk and Evaluation Working Group, Life RBC Working Group and the American Academy of Actuaries (“Academy”) on the proposals relating to capital charges (factors) for CLOs, Collateral Loans and other assets in order to refine and advance the regulatory framework governing capital treatment of such

The Situation: On March 19, 2026, the Federal Reserve, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation jointly published two notices of proposed rulemaking...

The CREF Roundup is a periodic digest of noteworthy developments, insights, and commentary in the world of commercial real estate finance (CREF).

On January 7, 2026, Representative J. French Hill (R-AR) introduced H.R. 6955, the Main Street Capital Access Act (“Main Street Act”), in the U.S. House of Representatives.

On March 30, 2026, the US Department of Labor ("DOL") issued the proposed rule, "Fiduciary Duties In Selecting Designated Investment Alternatives,"...

Enforcement Priorities. The Commodity Futures Trading Commission’s (CFTC) new enforcement director highlighted five areas the CFTC Division of Enforcement will focus on under his leadership

On March 17, 2026, the Division of Enforcement of the Commodity Futures Trading Commission (CFTC) issued a no-action letter (Letter) to Phantom Technologies Inc., a developer of self-custodial crypto asset wallet software, confirming that if Phantom adhered to certain conditions the Division would not recommend enforcement action for failure to register as an introducing broker.

On March 31, the Office of the Comptroller of the Currency (OCC) announced that it is amending Appendix E of 12 CFR 30 by rescinding "OCC Guidelines Establishing Standards for Recovery Planning by Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches" effective May 1. In addition, the OCC immediately rescinded Bulletins 2025-35, 2024-31, 2024-16, and 2018-47 relating to recovery planning.

As addressed in our prior client memo, the "Holding Foreign Insiders Accountable Act" (the "HFIAA"), which was enacted on December 18, 2025 as part of the National Defense Authorization Act for Fiscal Year 2026, requires the directors and officers of foreign private issuers ("FPIs") to make filings under Section 16(a) of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act").

The FCA has published final notices for Carillion and its former CEO for breaches of the Listing Rules and the UK Market Abuse Regulation (MAR). The publication of the notices follows the withdrawal by the CEO...

The Nasdaq Stock Market LLC ("Nasdaq") recently proposed modifications to its initial and continued listing standards ("Proposed Listing Standards").