Reminder: Securities Transaction Settlement Cycle Shortened to T+1
Key change: Starting May 28, 2024, most stock and security trades in the U.S. will settle in one business day (T+1) instead of two (T+2). Historical Background: In the 1920s,…
SEC Adopts Cybersecurity-Related Amendments to Regulation S-P for Market Participants
Fourteen months after it proposed cybersecurity-related requirements for certain market intermediaries, the SEC has now adopted them, formally requiring such covered entities to adopt written policies and procedures to prepare…
New York Appellate Court Allows Challenge to New York City’s Ground Breaking Climate Law to Proceed.
Last week, a New York appellate court issued a decision that will allow one part of a legal challenge to go forward against the City’s ambitious effort to curb greenhouse…
SEC Adopts Major Changes to SPAC Rules
On Jan. 24, 2024, the Securities and Exchange Commission (the “SEC”) adopted final rules to enhance disclosures and provide additional investor protections in initial public offerings (IPOs) for special purpose…
Alex Malyshev and Sarah Ganley analyze the DEA’s move to reschedule Cannabis to Schedule III of the Controlled Substances Act.
In their latest for Westlaw Today and Thomson Reuters, Alex Malyshev and Sarah Ganley analyze the legal and policy considerations of the Drug Enforcement Administration’s move to reschedule Cannabis to…
Illustrating the Invention: Lessons for Today Drawn From The Patent Models Of A Different Age
Patent law has evolved in many ways since 1790. One of the most notable is that physical models are no longer required, as they were until around 1880. Recently, The…
Part II: New York’s Regulation of VASPs
This is Part II of our series on Virtual Asset Service Providers, focusing on New York state regulation of VASPs. Part I is available here. New York State regulates virtual asset…
FTC Adopts Rule Barring Virtually All Non-Competes with Workers
Update: The FTC’s final non-compete rule was published in the Federal Register on May 7, 2024 (Federal Register :: Non-Compete Clause Rule). The rule becomes effective 120 days after publication, or…
FTC Plans Vote on Rule Barring Non-Competes
The Federal Trade Commission announced that it will vote on whether to issue a final rule barring most non-compete agreements with employees. The vote is scheduled for a special FTC…
SEC Climate-Related Disclosure Rules Are Put on Ice
As we previously reported, in 2022 the US Securities and Exchange Commission (the “SEC”) proposed rules to require issuers to provide information about climate-related risks and metrics in registration statements…