We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

The Forum for US Securities Lawyers in London


Regulation S, Category 3 securities trading on the London Stock Exchange can now settle electronically in compliance with the EU CSDR

European Union, United Kingdom - September 11 2015 On August 2014, Article 3(2) of the EU Regulation on Central Securities Depositories ("CSDR") was enacted. This provision indirectly mandates change

SEC guidance on online private placements and general solicitation under Regulation D

USA - November 27 2015 In mid-2015, Citizen VC, Inc. (“Citizen VC”), an online venture capital firm offering securities, requested no-action relief from the U.S. Securities

International Capital Markets Glossary

United Kingdom, USA - April 10 2015 The Forum for US Securities Lawyers in London recently published an International Capital Markets Glossary, which has been published in an

Implications of the FAST Act to Foreign Private Issuers

USA - February 8 2016 On December 4, 2015, the Fixing America’s Surface Transportation Act (“FAST Act”) was enacted. Although the FAST Act is aimed principally at

Accredited investor definition: recommendations made by the SEC Advisory Committee on small and emerging companies

USA - May 14 2015 Several weeks ago, the Advisory Committee on Small and Emerging Companies (the "Committee") of the Securities and Exchange Commission (the "SEC") set

SEC Issues New C&DI on Electronic Procedures under Regulation S, Rule 903

United Kingdom, USA - December 15 2016 On December 8, 2016, the staff of the Division of Corporation Finance of the Securities and Exchange Commission (the "SEC") issued a new Compliance

SEC Proposes Shortening Settlement Cycle from T3 to T2

USA - October 7 2016 The U.S. Securities and Exchange Commission (the "SEC") recently proposed a rule amendment to expedite the process for settling securities

Regulation Crowdfunding Becomes Effective and the SEC releases related C&DIs

USA - May 26 2016 On May 16, 2016, Regulation Crowdfunding became effective. Ahead of this effective date on May 13, 2016, the U.S. Securities and Exchange Commission

NYSE Manual is Amended to Require Foreign Private Issuers to Report Semi-Annually

USA - April 4 2016 On February 5, 2016, the New York Stock Exchange LLC ("NYSE") made a filing with the Securities and Exchange Commission ("SEC") for a proposed rule

SEC 2015 Enforcement Results and Trends

USA - April 1 2016 In recent years, the Securities and Exchange Commission (the “SEC”) has been vocal about its heightened Policing efforts. Recently SEC Chair, Mary Jo