Insights
UK Regulators Confirm First Wave of Changes to the SMCR
5 Key Takeaways From the 2026 Digital Infrastructure Summit
UK Government Consults on Shake-Up to Corporate Civil Enforcement Regime
Resource
The Latham FPI Guide
Updated guide includes the topics that are of most interest to foreign private issuers and their advisors when engaging in US capital markets transactions.
Latham in Focus Video Series
The Book of Jargon Series – Word of the Day®
The Book of Jargon® is a series of practice area and industry-specific glossaries published by Latham & Watkins.
Two-Meter Test
a very mobile and inexpensive way to test for geothermal prospects. Probes are inserted into the ground at a two-meter depth to measure the temperature. Over the course of a year, the test will create a temperature gradient that is highly predictive of temperatures at even greater depth.
Mercury
used to describe the rules regarding execution of documents governed by English law arising from the decision in Mercury v. HMRC [2008] EWHC 2721. These can have significant implications for the logistics of Closing. Like the element, Mercury is potentially poisonous.
Naked Short Selling
short selling a Security without first borrowing the Security or ensuring that the Security can be borrowed, as is required under Regulation SHO.
Freemium
a pricing strategy that offers a basic version of a product to users for free with the goal of selling them additional features for a fee.
Gambit
a sports idiom from chess, used to describe a situation (i.e. an “opening gambit”) in which something is sacrificed at the outset to unsettle an opponent and gain an initiative right from the start.
In each episode of Connected With Latham, we discuss ideas, developments, and trends shaping the global economy.
FCA Publishes Final Rules for the Revised UK Short Selling Regime
The regulator has introduced a further relaxation of the market maker exemption, amongst other amendments from its consultation proposals.
SEC Proposes to Narrow Exchange Act Rule 15c2-11 to Equity Securities Only
The proposed amendments would codify what most market participants always understood, that Rule 15c2-11 applies to equity securities, not fixed-income instruments.
SEC Clarifies the Application of the Securities Laws to Cryptoassets
The Interpretive Release supersedes prior Staff guidance on cryptoassets, establishing a five-part token taxonomy and formally recognizing that tokens can change their character as investment contracts.
FCA Confirms Approach to Motor Finance Redress
The FCA has made a number of changes to the proposed redress scheme in light of feedback received.
FDA Publishes Study on PFAS in Cosmetics
Long-awaited study highlights data gaps and stops short of making definitive safety determinations.
SEC and CFTC Sign Landmark Memorandum of Understanding on Regulatory Harmonization
Regulators establish a framework for coordinated oversight, joint product guidance, and aligned enforcement, with a particular focus on cryptoassets and emerging financial technologies.
FTC Reverts to “Old” HSR Form After Fifth Circuit Denial of FTC Stay Motion
The ruling impacts those with HSR filings expected to be submitted on or after March 19, 2026.
Financial Ombudsman Service Reset: Key Reforms on the Horizon
HM Treasury, the FCA, and the FOS have published next steps for reshaping the disputes handler, promising greater certainty for firms and a more streamlined complaints process.