Insights
In Focus: The FCA’s New Guidance on Non-Financial Misconduct
SEC Proposes Changes to Adviser Custody Rules, Including New Cryptoasset Custody Framework
D.C. Circuit Upholds EPA’s PFOS and PFOA Hazardous Substance Rule
Resource
The Latham US IPO Guide
An insider's guide to the IPO process in the United States.
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.
Superholdco
a Holding Company that is the parent (or the parent’s parent, etc.) of another Holding Company. A Superholdco is generally not a guarantor under any Credit Agreement or Indenture for debt incurred or issued at any of its subsidiaries. See Holding Company.
Discovery
a mechanism of obtaining information from other parties. While Discovery in PTAB Proceedings is generally limited, parties are entitled to Mandatory Initial Disclosures and Routine Discovery. Any Discovery beyond Routine Discovery is considered Additional Discovery. Parties may agree to Additional Discovery or, after receiving Board authorization, a party may file a Motion for Additional Discovery. 37 C.F.R. § 42.51.
Acquisitions and Divestitures (A&D)
a term used to describe a transaction wherein an entity or person purchases or sells an asset, as opposed to a transaction that includes the purchase and/or sale of equity or stock of an entity or a joint venture arrangement.
Nanotechnology
generically refers to synthetic materials that operate on the 1-100 nanometer scale (75,000 times smaller than a human hair). From small fluidic chambers, to sensors, to biochemical switches, to labels, nanotechnology is an active area of therapeutic research.
Line Spacing
the required spacing of lines for documents in PTAB Proceedings. The PTAB imposes specific formatting requirements for filing documents. Double spacing must always be used except for Claim Charts, headings, tables of contents, tables of authorities, indices, signature blocks and certificates of service. Block quotations may be 1.5 spaced, but must be indented from the left and right margins. 37 C.F.R. § 42.6(a)(2).
In each episode of Connected With Latham, we discuss ideas, developments, and trends shaping the global economy.
FCA Finalises UK SRS-Aligned Disclosure Rules for UK Listings
In response to feedback, the FCA has moved to a comply-or-explain model for all of the sustainability disclosure obligations.
Texas Pauses Certain Data Center Approvals Amid Grid, Water, and Community Concerns
Recent directives create uncertainty for data center projects seeking ERCOT interconnection or requiring TCEQ permits.
CFTC Staff Issues Broad No-Action Relief for Passive Software Providers
The no-action relief confirms that PSPs facilitating access to CFTC-regulated derivatives trading need not register as introducing brokers, provided they satisfy certain conditions.
DOJ Revises Policy on Use of Guidance and Dismissal Authority in FCA Cases and Announces D.C. USAO Fraud Division
The announcements reflect the administration’s continued focus on FCA enforcement and raise additional compliance considerations for companies doing business with the government.
SEC Clears Path for On-Chain Trading of Tokenized Stocks With Landmark Innovation Exemption
A five-year exemptive order permits limited on-chain trading for US-listed equities through qualifying venues for the first time, subject to limits, disclosure, and issuer-notice conditions.
IRS Issues 45Z Tax Credit Notice and DOE Updates 45ZCF-GREET Model
New IRS guidance and updated modeling reshape Section 45Z eligibility, emissions calculations, feedstock rules, and compliance obligations for clean fuel producers.
SEC Proposes Modernizing Transfer Agent Infrastructure, Including Framework for Tokenized Securities
The proposed amendments would strengthen existing transfer agent compliance, risk management, and safeguarding standards; permit the use of distributed ledger technology for recordkeeping; and introduce certain new gatekeeper obligations.
US Banking Regulators Finalize Rule on Material Risks
The joint final rule narrows the basis for enforcement actions and MRAs to practices that pose material financial risk or constitute actual violations of law.