Overview

This newsletter by Shearman & Sterling provides a snapshot of the principal US and European governance and securities law developments of interest to corporates and financial institutions, both with and without a US listing.

Contents:

US Developments:
• US Congressional Initiatives
• SEC Developments
• Noteworthy US Securities Law Litigation
• Recent SEC/DOJ Enforcement Matters
• Climate-Related Developments


EU Developments:
• Amendments to the EU Prospectus Directive
• Commission Consultation on the Transparency Directive Commission Consultation on the Market Abuse Directive
• Public Consultation on Short Selling and Credit Default Swaps
• CESR Technical Details for an EU Short Selling Disclosure Regime
• Amendments to the Rules on Credit Rating Agencies
• No Legal Professional Privilege for In-house Communication
• Commission Publishes Synthesis of Public Consultation Replies on the Interconnection of Business Registers
• Commission Consultation on Derivatives and Market Infrastructures
• Review of European Company Statute

UK Developments:
• New Corporate Governance Code for the UK
• UK Takeover Code Review
• New Stewardship Code for the UK
• FSA Levies Largest Ever Fine for Inside Information Breach
• The Winterflood Case: No Actual Intent Required in Market Abuse Cases
• FSA Consultation on Implementing its Enhanced Short Selling Powers

To read on click ‘View Briefing’