On September 30, 2025, the staff of the Division of Investment Management of the U.S. Securities and Exchange Commission granted no-action relief that allows, subject to numerous conditions: (i) investment advisers registered under the Investment Advisers Act of 1940, as amended (the “Advisers Act”); and (ii) investment companies registered under the Investment Company Act of
Matthew Bisanz
Digital (Tokenized) Bonds: What to Know About a Growing Asset Class
By Matthew Bisanz & Steffen Hemmerich on
Webinar | August 11, 2025
1:00 p.m. – 2:00 p.m. EDT
Register here.
Tokenized bonds are one asset class that is quickly emerging from the amorphous pool of digital asset projects. Hosted by PLI, this webinar will provide an overview of the fundamentals of tokenized bonds, how they are structured, and how they have…
More Than Maple Syrup: Foreign Bank Opportunities in Canada
By Matthew Bisanz on
Posted in Events, Financial Services
Webinar | July 28, 2025
12:00 p.m. – 1:00 p.m. EDT
Register here.
In this webinar, the Mayer Brown team will be joined by Torys LLP to discuss the ways in which US and other foreign banks can engage in business in Canada.
Canada has a vibrant economy and abundant natural resources that present…
FAQs – What US clients need to know about PISCES – a new secondary private stock market in the UK
By Musonda Kapotwe, Peter Pears & Matthew Bisanz on
- A key challenge for private companies is that, at early stages in their growth, there are no standardised ways for shareholders to realise their gains (e.g., where their shares have increased in value) or to
US Banking Regulators Propose Enhanced Supplementary Leverage Ratio Reform
Last week, the US federal banking regulators proposed changes to the enhanced supplementary leverage ratio (“eSLR”) requirement for US global systemically important bank holding companies (“US GSIBs”). This proposal is intended to reduce the likelihood of the eSLR requirement being the binding capital constraint for US GSIBs and, thereby, enhance the ability of US GSIBs…
Out With a Whimper: BCBS Publishes Climate Disclosure Framework
By Matthew Bisanz & Musonda Kapotwe on
On June 13, the Basel Committee on Banking Supervision (“BCBS”) published its framework for the disclosure of climate-related financial risks. The framework is entirely voluntary and has several notable changes from the 2023 proposal. In this brief Legal Update, we highlight those changes and discuss why the climate disclosure framework will have at best a…
SEC Division of Trading and Markets Releases FAQs on Crypto Asset Activities and Distributed Ledger Technology; 2019 Joint Staff Statement on Broker-Dealer Custody of Digital Asset Securities Withdrawn
On May 15, 2025, the staff of the Securities and Exchange Commission (“SEC”) Division of Trading and Markets (the “Staff”) published responses to certain frequently asked questions (“FAQs”) relating to crypto asset activities and distributed ledger technology as they relate to broker-dealer financial responsibility and transfer agent activities. Importantly, the Staff’s responses to the FAQs…
Current US Bank Regulatory Landscape & What Cross-border Financial Institutions Need to Know about EU CRD VI
By Matthew Bisanz & Marcel Hörauf on
Webinar | May 21, 2025
9:00 a.m. – 9:30 a.m. EDT | 3:00 – 3:30 p.m. CET
Register here.
Mayer Brown’s Capital Markets Team invites you to our 30 minutes Know-How Webinar Series. Over the course of this series, we will report on the main developments in 2025 relevant to capital markets, structured products…
SEC Crypto Task Force Holds Roundtable on Tokenization
On May 12, 2025, the Securities and Exchange Commission (“SEC”) held a Crypto Task Force roundtable to explore an appropriate regulatory framework for tokenized securities. In the keynote address, Chair Paul Atkins, stated that a key priority of his tenure will be the development of a rational regulatory framework for crypto asset markets. His focus…
SEC Commissioner Peirce remarks on the Regulation of Tokenized Securities
On May 8, 2025, the Securities and Exchange Commission (“SEC”) held the 31st International Institute for Securities Market Growth and Development. Commissioner Peirce used this opportunity to discuss an approach to regulating the tokenization of traditional securities—in other words, issuing traditional securities through a blockchain or distributed ledger.
The Commissioner noted that other jurisdictions have…