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Conyers Coverage Issue 14 – Winter Edition 2025
Welcome to the Winter edition of our Conyers Coverage newsletter. As always, we are pleased to bring you a jam-packed edition with timely legal and regulatory insights and details on industry developments from the Cayman Islands....By: Conyers
Vorys Benefits Brief: Introduction to Trump Accounts
The One, Big, Beautiful Bill Act created a new savings vehicle for children: the Trump Account. Trump Accounts can be established beginning July 4, 2026 for any U.S. citizen with a valid Social Security number who is under age 18 on the last day of the calendar year in which the election to establish the Trump Account is made....By: Vorys, Sater, Seymour and Pease LLP
Trump Accounts: Basics that Families, Foundations, Financial Institutions and Employers Should Know
Trump Accounts can generally be described as restricted investment accounts for minors, layered with a type of individual retirement account once the minor reaches adulthood....By: Lathrop GPM
CRS 3.0, CARF y FATCA: Riesgos de Reporte Transfronterizo para 2025–2026
La transición a CRS 3.0 y la implementación de CARF para activos digitales están redefiniendo la manera en que se evalúa el reporte transfronterizo. Las instituciones financieras siguen siendo centrales en las obligaciones de FATCA y CRS, pero CARF amplía el perímetro regulatorio a plataformas de activos digitales, administradores y otras entidades que manejan actividad transfronteriza....By: Foodman CPAs & Advisors
Transactional activity in Europe gains momentum heading into 2026
European M&A markets are showing signs of renewed vigor, with growth in deal values despite ongoing macroeconomic and regulatory challenges. Here we explore shifting dynamics across three of Europe’s most active markets, and outline the themes we expect to shape dealmaking in the year ahead....By: A&O Shearman
CRS 3.0, CARF, and FATCA: Cross-Border Reporting Risks for 2025–2026
The transition to CRS 3.0 and the implementation of CARF for digital assets are redefining how cross-border reporting is examined. Financial institutions remain central to FATCA and CRS reporting, but CARF expands the regulatory perimeter to digital-asset platforms, administrators, and other entities handling cross-border activity....By: Foodman CPAs & Advisors
New York’s Beneficial Ownership Reporting Regime to Take Effect Jan. 1, 2026 – What to Know
The New York LLC Transparency Act (NYLLCTA) takes effect on Jan. 1, 2026 (as we previously covered here and here). The NYLLCTA was largely modeled on the Corporate Transparency Act (CTA), a federal law that came into effect in 2024 nationwide but whose effect has been drastically narrowed in scope over the course of the past year by the Trump administration’s enforcement policy as reflected through the Financial Crimes Enforcement Network adoption of an interim rule applying the CTA only to...By: Hughes Hubbard & Reed LLP
Crypto Brief - Lowenstein Crypto Newsletter - December 11, 2025
On Dec. 8, Caroline D. Pham, acting chair of the Commodities Futures Trading Commission (CFTC), announced a digital assets pilot program enabling certain digital assets to be used as collateral in derivatives markets. Pham stated that “Americans deserve safe U.S. markets as an alternative to offshore platforms,” adding that the program establishes guardrails to protect customer assets and enhances CFTC monitoring and reporting....By: Lowenstein Sandler LLP
Asia-Pacific dealmaking fueled by strong activity in Japan and China
Japan and China were the mainstays of M&A across Asia Pacific in 2025, with regulatory reforms and restructurings in China, and a sustained run of take-privates in Japan, driving a significant proportion of regional deal activity. Here we explore transaction dynamics across key APAC markets....By: A&O Shearman
Compliance Crossroads: Managing Privacy Requests And Tipping Off Risks As An AML/CTF Reporting Entity
Reporting entities are already familiar with the real challenges that can arise when seeking to meet their customer due diligence and ML/TF risk management obligations without engaging in “tipping off”. While recent changes to the “tipping off” restrictions may have lessened those challenges, this may in turn have created new complications when the customer requests their personal information....By: Herbert Smith Freehills Kramer
Securities Law Update - December 2025
Welcome to the latest edition of Fenwick’s Securities Law Update. This issue contains updates and important reminders on the following topics......By: Fenwick & West LLP
FCA Proposes Changes to MiFID Client Categorisation Rules
The FCA wants to reset how firms distinguish between retail and professional clients, balancing promoting growth with consumer protection....By: Latham & Watkins LLP
Horns of the U.S. Government Energy Grant Funding Dilemma
In late 2025, the Trump administration advanced measures that reset federal energy priorities. The headline moves expanded support for coal, canceled federal funding for offshore wind projects, and terminated more than $7.5 billion in previously awarded renewable energy grants. Together, these actions have immediate implications for transactions and project finance across the power sector....By: Jones Day
Utah Starts the Private Equity NIL Race
On December 9, 2025, the University of Utah, in what appears to be the first such deal of its kind, announced plans to partner with Otro Capital in a private equity arrangement. The deal is projected to generate approximately $500 million in capital for the university’s athletic programs. Otro Capital is a New York-based firm that invests in sports teams and leagues....By: Troutman Pepper Locke
One Shot to Get It Right
In the retirement plan world, there aren’t many do-overs. You don’t get to “try again” after a fiduciary breach, a failed compliance test, or a DOL investigation. You get one shot to get it right....By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.
Current State of US Economic Sanctions Imposed in Response to Russia’s Invasion of Ukraine - December 2025
In its continuing response to Russia’s ongoing invasion of Ukraine, the U.S. government has deployed a whole-of-government approach to impose sanctions and tighter export controls on Russia and Belarus....By: BakerHostetler
FINRA’s 2026 Annual Regulatory Oversight Report: Same Priorities, New Focus on AI and Cybersecurity
SERC’ling Up is your resource for staying ahead in today’s fast-evolving financial landscape. This newsletter delivers perspectives on the latest enforcement trends, regulatory updates and high-stakes developments affecting broker-dealers, investment advisers, financial institutions and corporate clients....By: McGuireWoods LLP
Terminating payment services: what providers need to know about stronger consumer protection regulations
Overview - The Payment Services and Payment Accounts (Contract Termination) (Amendment) Regulations 2025 (the Regulations) aim to enhance consumer protections against termination of payment service contracts. They are due to come into force on 28 April 2026....By: DLA Piper
ESMA To Launch CSA On MiFID II Conflicts Of Interest Requirements
The European Securities and Markets Authority (ESMA) has announced that it will launch a Common Supervisory Action (CSA) with national competent authorities in 2026 to review compliance with MiFID II conflicts of interest requirements in the distribution of financial instruments....By: A&O Shearman
ASIC enforcement priorities for 2026: new priorities and new appetite for litigation
ASIC has announced its enforcement priorities for 2026, with protecting small businesses, superannuation members, and improving market integrity remaining key objectives. However, new areas of focus have emerged: misleading pricing, private credit, insurance complaints and financial reporting being elevated to key targets....By: DLA Piper
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