Insights
FDA on Peptides: A New Landscape for Compounders
DOJ Declines to Prosecute in First Healthcare Declination Under New Corporate Enforcement Policy
FCA Confirms Changes to UK MiFID Transaction Reporting Regime
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.
Temporary Taking
when a government takes Property by Condemnation for a finite period of time.
Pathological Arbitration Clause
literally, a diseased provision for Arbitration, meaning that the provision is unworkable.
Typically, a clause will be pathological because it provides for conflicting or non existent matters, such as an Arbitral Institution that does not exist or court and Arbitration proceedings at the same time.
Haircut
a discount off Par in selling a loan.
Pari Passu
If your Latin is a little rusty, this means “on equal footing” or equality of treatment, e.g., in a right of payment. In Startups, Pari Passu typically describes classes of Preferred Stock that have the same rights (as set forth in a company’s Charter).
Derrick
a support structure for the drilling equipment used to raise and lower the Drill String in and out of the Wellbore.
In each episode of Connected With Latham, we discuss ideas, developments, and trends shaping the global economy.
FCA Confirms Changes to UK MiFID Transaction Reporting Regime
The changes will reduce the scope and lessen the long-term compliance burden for firms, albeit with a short-term cost.
European Commission Publishes EU ETS Review, Proposing Significant Reforms
The proposed changes to the carbon pricing policy intend to balance industrial competitiveness with climate goals.
EU Methane Regulation: European Commission Recommends Delaying Penalties
New recommendations clarify compliance solutions for import requirements and propose a suspension of penalties for three years.
SEC Proposes to Make Electronic Delivery the New Normal
The proposal would establish an opt-out model in which e-delivery is presumed unless a recipient affirmatively elects to receive paper.
FCA Proposes Reforms to Remuneration Codes
The FCA is proposing to replace the existing Remuneration Codes for AIFMs, MiFID investment firms, and UCITS management companies with a single consolidated Code.
ESMA Launches Common Supervisory Action on Digital Operational Resilience of CASPs
Crypto custody services under the microscope: EU regulators turn their attention to compliance with digital operational resilience rules.
UK Financial Regulators Report on Growth and Competitiveness
The FCA and PRA share details on their annual progress across capital reform, compliance costs, authorisations, supervision, and innovation support in financial services.
Prediction Markets: ESMA Confirms Application of Binary Options Product Intervention Measures to Event Contracts
ESMA’s statement reinforces that existing EU Member State product intervention measures on binary options apply to event contracts which constitute financial instruments.