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3 weeks ago | 
businesslawtoday.org | Karen Liu |Brian Hirshberg |Anna Pinedo |Liz Walsh
CURRENT MONTH (March 2025)By Karen Liu, Reid & Wise LLCOn March 14, 2025, the U.S. Securities and Exchange Commission (the “SEC”) announced a six-month extension (the “Extension”) of the compliance dates for the 2023 amendments to Rule 35d-1 (the “2023 Names Rule”) under the Investment Company Act of 1940 (the “Company Act”). The 2023 Names Rule was adopted by the SEC on September 20, 2023, and effective as of December 11, 2023. The effective date for the Extension is March 20, 2025.
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1 month ago | 
openlegalblogarchive.org | Anna Pinedo |Carlos E. Juarez |Carlos Juárez
The U.S. Securities and Exchange Commission’s Investor Advisory Committee (the “Committee”) will meet March 6, 2025. During this meeting, the Committee will present its recommendations to the SEC concerning traceability issues under Section 11 of the Securities Act of 1933. The agenda also includes a panel on Artificial Intelligence (AI)-related disclosures and another on retail investor fraud in the United States.
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1 month ago | 
lexology.com | Anna Pinedo |Carlos E. Juarez |Carlos Juárez
The U.S. Securities and Exchange Commission’s Investor Advisory Committee (the “Committee”) will meet March 6, 2025. During this meeting, the Committee will present its recommendations to the SEC concerning traceability issues under Section 11 of the Securities Act of 1933. The agenda also includes a panel on Artificial Intelligence (AI)-related disclosures and another on retail investor fraud in the United States.
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1 month ago | 
lexology.com | Anna Pinedo |Carlos E. Juarez |Carlos Juárez
On February 25, 2025, the SEC extended the compliance dates for Rule 17ad-22(e)(18)(iv)(A) and (B) under the Securities Exchange Act for eligible cash market transactions by one year to December 31, 2026, and for eligible repo market transactions to June 30, 2027. The SEC issued a cancellation notice for its originally scheduled February 26, 2025, meeting where the compliance dates were the sole item on the agenda.
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2 months ago | 
lexology.com | Anna Pinedo |Carlos E. Juarez |Carlos Juárez
The SEC is set to hold an open meeting on February 26, 2025, to discuss extending compliance deadlines and granting temporary exemptions for covered clearing agencies (CCAs) handling U.S. Treasury securities. This review focuses on Rule 17ad-22(e)(18)(iv)(A) and (B) and a temporary exemption for Rule 17ad-22(e)(6)(i) and Section 19(g) under the Securities Exchange Act of 1934, as amended, which impact central counterparty services for these securities.
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2 months ago | 
mondaq.com | Anna Pinedo |Carlos N. Juarez |Carlos Manuel Juárez
On February 17, 2025, the Delaware legislature introduced Senate Bill 21 (SB21) and Senate Concurrent Resolution 17 (SCR17). SB21proposes amendments to the Delaware General Corporate Law (DGCL)that expand the safe harbor afforded in the context of certaininterested transactions, while also proposing amendments to theDGCL 122 concerning books and records inspections. SCR17 wouldrequire the Delaware Bar to produce recommendations onattorney's fees awards.
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2 months ago | 
mondaq.com | Anna Pinedo |Carlos N. Juarez |Carlos Manuel Juárez
On February 4, 2025, the Delaware Supreme Court (the"Court") overturned a prior ruling by the Delaware Courtof Chancery, which subjected TripAdvisor Inc.'s("TripAdvisor") and Liberty TripAdvisor HoldingsInc.'s ("Liberty") corporate conversions to Nevada toan entire fairness review. Instead, the Court determined that thebusiness judgment rule was the appropriate standard of review, asno board member—alleged controller included—received amaterial non-ratable benefit from the conversions.
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2 months ago | 
openlegalblogarchive.org | Anna Pinedo |Carlos E. Juarez |Carlos Juárez
The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have extended the compliance deadline for the amendments to Form PF, moving it from March 12, 2025 to June 12, 2025. The SEC adopted amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds, including those that also are registered with the CFTC as commodity pool operators (CPOs) or commodity trading advisers (CTAs), on February 8, 2024.
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2 months ago | 
mondaq.com | Anna Pinedo |Carlos N. Juarez |Carlos Manuel Juárez
The Securities and Exchange Commission (SEC) issued StaffAccounting Bulletin (SAB) No. 122 to rescind the interpretive guidancepreviously provided in SAB 121. SAB 121 was originally issued in order toaddress accounting for obligations related to safeguarding cryptoassets held by entities on behalf of platform users.
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Jan 7, 2025 | 
mondaq.com | Anna Pinedo
Thinking about a dual listing? In this MB Sounding Board,partner Anna Pinedo talks to Joe Magnas, Senior Director of LegalAffairs of Protalix BioTherapeutics, Inc. Protalix is anIsrael-based pharmaceutical company. During the discussion, Joetalks about the benefits, challenges, requirements, and specialconsiderations associated with maintaining a dual listing.
