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Carrot or stick? How the EU plans to reduce reliance on UK CCPs for derivatives clearing

The TRADE

Active account requirements for swaps clearing proposed under Emir 3.0 regulation will be unavoidable if participants cannot otherwise be incentivised to reduce their reliance on CCPs in the UK, a panel at the International Derivatives Expo has said. The EU should reduce exposure to UK CCPs.

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ESMA officially scraps ‘hardly read’ RTS 28 best execution reports

The TRADE

ESMA stresses the importance of the best execution requirements under both the current and the reviewed Mifid II framework,” the regulator said in its Tuesday statement. “So, Article 28 specifies further format and content relating to this information.

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The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

Among the SEC’s reforms is the proposal to amend certain rules under Reg NMS to adopt variable minimum pricing increments – or tick sizes – for the quoting and trading of NMS stocks. If these proposals were to come to fruition in their current form, it would be a massive overhaul – with perhaps too much change in one go.

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Gray Knight

Wall Street Mojo

They are aware that it will be more challenging for the target’s board to turn down a more significant offer if they accept the white knight’s proposal. However, this is a small company and has few resources to do further research on the topic. ” Motive The proposal can be mainly due to self-interest.

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ESG Litigation: Derivative Claims Against Directors: Q&A

Cleary M&A and Corporate Governance Watch

For example, the proposed European Corporate Sustainability Due Diligence Directive (CS3D) aims to create an EU-wide corporate accountability regime for companies’ negative ESG impacts. There are also other regulatory developments that may encourage other types of ESG litigation.

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Cooley’s 2023 Life Sciences M&A Year in Review: Potent Mix of Creativity and Resilience Spurs Activity Heading Into 2024

Cooley M&A

Pfizer, which received a second request from the FTC in July, announced in December that it would donate the rights of royalties from sales of a cancer drug, licensed to Merck KGaA, to the American Association for Cancer Research to address concerns of the regulators, months after turning over commercialization of the drug to the German company.

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ESG and M&A: Vetting a Target’s ESG Strengths and Weaknesses to Assess Value, Go-Forward Risks and Disclosure Requirements

Cooley M&A

Additionally, we note that the current ad hoc approach to ESG public disclosures will soon be replaced by considerably more stringent reporting guidelines – in fact, on March 21, 2022, the Securities and Exchange Commission proposed a set of rules requiring public companies to make extensive climate-related disclosures in their public reports.

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