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Leaving Las Vegas? New Exemptions from Nevada In-State Office Rule Set to Take Effect
On October 1, 2025, Nevada Senate Bill 437 takes effect, which will amend the Nevada Installment Loan and Finance Act (“ILFA”) to significantly streamline licensing and operational requirements for consumer lenders that engage in business exclusively through the internet—most notably, the requirement for companies applying for an Installment Loan Company license to maintain a “brick and mortar” office in Nevada....By: Mayer Brown
UK FCA Releases Report on Using Synthetic Data for Models in Financial Services
The UK Financial Conduct Authority (FCA) has released the second report on generating and using synthetic data in financial services, offering comprehensive insights into the governance, ethical, and regulatory considerations surrounding its use in the sector. The report builds on the first 2024 report and responds to industry feedback to the FCA's 2022 Call for Input, which focused on key governance considerations for organisations and professionals planning to use synthetic data....By: A&O Shearman
California Legislature Advances Bills Impacting Private Equity and Management Services Organizations
Key Takeaways - The California legislature is advancing two bills that focus on the role of private equity groups, hedge funds and management services organizations in the state’s health care industry....By: Polsinelli
HMT Releases New Collections of Joint Statements on Financial Partnerships
HM Treasury (HMT) has published five new webpages, each with a collection of joint statements from key international financial partnerships reflecting their shared commitments and the outcomes they are seeking to achieve. These include......By: A&O Shearman
Making Up the Deficit: The Critical Minerals Strategic Reserve and Australia’s Unrealised Critical Minerals Production Potential
In April 2025, the Albanese Government pledged A$1.2 billion to establish a Critical Minerals Strategic Reserve (Strategic Reserve). Currently in early stages, the Strategic Reserve is anticipated to be operational in the second half of 2026, following a taskforce finalising its scope and design. Prime Minister Anthony Albanese has said the Strategic Reserve will give the government “ the power to purchase, own and sell critical minerals,” meaning Australia can “deal with trade and market...By: Herbert Smith Freehills Kramer
ECB Letter to MEPs on Climate Risk Strategy and Potential Risks From Omnibus I Sustainability Package
The President of the European Central Bank (ECB), Christine Lagarde, has issued a letter responding to Members of the European Parliament regarding the Eurosystem's evolving approach to climate-related financial risks. Firstly, the letter confirms the ECB's plan to introduce a "climate factor" in the second half of 2026, which will adjust the collateral value of marketable assets from non-financial corporations based on climate risk data....By: A&O Shearman
Q2 2025 Venture Beacon: Key VC Market Trends
If you’re raising early-stage capital, the outlook appears strong, but for late-stage companies, the bar is higher than ever. In partnership with Aumni, a J.P. Morgan company, we’re pleased to share the Q2 2025 edition of the Venture Beacon. This report delivers a detailed, data-driven look at early- and late-stage deal activity, valuation trends, and…...By: Fenwick & West LLP
Prospectus Regime Changes in the EU and UK—A Debt Capital Markets Update
The EU and UK prospectus regimes govern disclosure requirements for securities offered to the public and/or admitted to trading on a regulated market. Recent and forthcoming changes to these regimes have implications for issuers and other parties involved in debt capital markets transactions offered, or listed on regulated markets, in the EU or UK....By: A&O Shearman
Texas Commercial Sales- Based Financing Law Poses Unique Challenges to Financial Services Industry
What Happened? Following the path of nine other states that have enacted laws to regulate commercial non real estate secured financing, on May 28, 2025, the Texas legislature passed a “commercial sales-based financing” bill, known as House Bill 700, and the Governor Greg Abbott signed the bill into law on June 20, 2025....By: Alston & Bird
Rhode Island’s New Cybersecurity Law for Nonbank Financial Institutions
Rhode Island has enacted Senate Bill 603 (SB603), effective July 2, 2025, establishing a comprehensive cybersecurity framework for nonbank financial institutions licensed by the state’s Department of Business Regulation (DBR). Although SB603 is closely modeled after the New York Department of Financial Services’ (NYDFS) Cybersecurity Regulation, 23 NYCRR Part 500 (Part 500), SB603 introduces several notable deviations that may influence compliance strategies—particularly for institutions...By: Alston & Bird
Is the GENIUS Act Smart for Community Banks?
The GENIUS Act, passed in July, is the first comprehensive federal framework for payment stablecoins in the United States. On the surface, it promises clarity and an opportunity for community banks to participate in the digital payments space without being overshadowed by unregulated technology firms. For institutions that pride themselves on serving local customers and small businesses, the Act might appear to open doors to innovation while protecting traditional banking functions....By: Phelps Dunbar
Impact of the One Big Beautiful Bill Act on the Life Sciences Industry
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. The act extends several provisions of the Tax Cuts and Jobs Act, expands Health Savings Account (HSA) eligibility, and creates new childcare credits....By: Ballard Spahr LLP
Finanzas abiertas en Colombia: SFC amplía el plazo para que entidades cumplan con estándares
La Superintendencia Financiera de Colombia (SFC), publicó el 6 de agosto de 2025, la Circular Externa 009 de 2025 por medio de la cual se amplía el plazo que inicialmente se había otorgado a las entidades sometidas a la inspección y vigilancia de la SFC para que implementen los requisitos necesarios desde la perspectiva de arquitectura, seguridad y tecnología para hacer parte del sistema de finanzas abiertas....By: Holland & Knight LLP
Georgia Legislative Session Brings Changes to Code Affecting Commercial Real Estate
During the 2025 legislative session, the Georgia General Assembly passed several amendments to existing legislation that may affect clients' commercial real estate interests or compliance with local regulations. Following is a summary with a sampling of such changes....By: Holland & Knight LLP
32 Attorneys General call for enactment of marijuana banking legislation
Thirty-two attorneys general representing states, territories and Washington, D.C. are asking Congress to pass legislation to provide financial institutions a safe harbor if they provide services to marijuana-related businesses in states where cannabis is legal....By: Ballard Spahr LLP
GENIUS Act Under the Microscope: Strengths, Weaknesses, and Regulatory Milestones
As digital assets continue to reshape the financial landscape, regulatory clarity around stablecoins is increasingly vital. The GENIUS Act, signed into law by President Trump in July, establishes the first-ever federal regulatory system for stablecoins and aims to position the U.S. as the global leader in digital assets....By: Troutman Pepper Locke
Tornado Cash Jury Deadlocked on Most Serious Charges, but Convicted Founder Roman Storm on Conspiracy to Operate an Unlicensed Money Transmitting Business
On August 6th, 2025, following a four-week trial, a jury found Roman Storm, the founder of a crypto mixing service called Tornado Cash, guilty of conspiracy to operate an unlicensed money transmitting business. The jury was deadlocked and unable to reach a verdict on the two more serious charges against Storm: conspiracy to commit money laundering, and conspiracy to violate sanctions....By: Ballard Spahr LLP
Five Fraud Prevention Tactics for Small Accounting Departments
Business owners are often stretched thin as they balance growing revenue with managing operations. This can be exacerbated in a small business environment where resources are limited. According to the Association of Certified Fraud Examiners’ Occupational Fraud 2024: Report to the Nations (Report to the Nations), approximately 43% of fraud is committed in organizations with fewer than 1,000 employees....By: J.S. Held
Small Employers + PEPs: The DOL Wants Your Input
The Department of Labor’s Employee Benefits Security Administration (EBSA) just dropped an RFI (RIN 1210–AC10) and some limited guidance on pooled employer plans (PEPs), asking for public input, especially from small employers. If you’re a small business or work with them, pay attention....By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.
New Kids on the Blockchain: Cryptocurrencies in 401(k) Accounts
Department of Labor (DOL) watchers have experienced regulatory whiplash in recent years. During the Biden administration, for example, the DOL issued Compliance Assistance Release (CAR) No. 2022-01, which flouted its previously professed policy of neutrality regarding the types of investments chosen by plan fiduciaries. Instead, the CAR clearly aimed to chill the adoption of cryptocurrencies and digital assets as investment options in plans....By: Carlton Fields
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