A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On November 18, 2015, the SEC proposed rules that would require
Alternative Trading Systems that trade stocks listed on national
securities exchanges, including "dark pools", to make
certain detailed disclosures regarding their operations and the
activities of their broker-dealer operators and affiliates. The
proposed Form ATS-N would, among other things, require disclosure
of: (i) information regarding trading by the broker-dealer operator
and its affiliates on the ATS; (ii) the types of orders and market
data used on the ATS; and (iii) the ATS' execution and priority
procedures. The proposed rules would make Form ATS-N disclosures
publicly available on the SEC's website. The SEC will accept
public comment on the proposal for 60 days after its publication in
the Federal Register.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
