Earlier this month, the Commodity Futures Trading Commission (“CFTC”) and Major League Baseball (“MLB”) entered into a Memorandum of Understanding (“MOU”) establishing a formal framework for cooperation, information sharing, and coordination on matters affecting the integrity of the prediction markets related to professional baseball. The MOU does not create any legally binding obligations or enforceable
CFTC Issues Request for Comment and Staff Advisory on Prediction Markets
On March 12, 2026, the Commodity Futures Trading Commission (“CFTC”) released two documents regarding “event contract” derivatives traded on prediction markets. The CFTC issued an Advance Notice of Proposed Rulemaking (“ANPRM”) requesting public comment on the regulation of prediction markets. The CFTC’s Division of Market Oversight issued a staff advisory providing guidance to designated contract
Harmony and Understanding? (or at least a Memorandum)
In back-to-back speeches at the Futures Industry Association conference, Commodity Futures Trading Commission Chair Selig and Securities and Exchange Commission Chair Atkins set out their views regarding facilitating innovation through principles-based regulation and greater regulatory harmonization. Chair Atkins provided some background regarding the regulation and oversight of securities and commodities; however, he noted that over
Tokenization Guidance Useful to Debt and Derivatives Markets
Last week, the banking agencies issued guidance in the form of Frequently Asked Questions that provides certainty regarding the treatment of tokenized securities for purposes of the capital rules. While this is not surprising, it is helpful to market participants perhaps especially in the context of the repo and derivatives market as more market participants
No-Action Letter on “Group” Reporting under Section 13(d) and 13(g) for Parties to OTC Derivatives Contracts
On January 23, 2026, the staff of the Division of Corporation Finance of the U.S. Securities and Exchange Commission issued a letter in which it stated it would not object if a large investment bank (the “Bank”) determines that it does not act “as a group” for purposes of Sections 13(d) and 13(g) under the
26 Trends Affecting Capital Markets in 2026
On this blog, we have commented quite a number of times regarding a number of trends affecting our capital markets—many of which have been a factor since the early 2000s and which have become more pronounced since the adoption of the Sarbanes-Oxley Act and related reforms. For example, we have noted the decline in the
MB Microtalk: Amendments to Beneficial Ownership Rules (13D/G)
In this MB Microtalk video, Mayer Brown’s Andrew Noreuil discusses the recent final amendments to certain beneficial ownership rules under the Exchange Act, and the impact of those changes on the reporting of beneficial ownership on Schedules 13D and 13G.
Visit our MB Microtalk page for more topics and talks.
SEC Adopts Amendments for Reporting Beneficial Ownership on Schedules 13D and 13G
On October 10, 2023, the U.S. Securities and Exchange Commission adopted changes to Schedules 13D and 13G relating to beneficial ownership reports (the “Amendments”). The Amendments are intended to modernize the rules governing beneficial ownership reporting and generally shorten the period for initial and amended filings, clarify requirements for derivative securities and criteria for determining
Proposed Changes to Beneficial Ownership Reporting Rules and Impact to Stakeholders
March 11, 2022 Webinar
12:00pm – 1:00pm EST
Register here.
On February 10, 2022, the Securities and Exchange Commission (“SEC”) proposed amendments to the rules governing reporting on Schedules 13D and 13G. These proposed amendments are intended to modernize the rules by, among other things, making information available to the public in a more
SEC Proposes Amendments to Schedules 13D and 13G
On February 10, 2022, the Securities and Exchange Commission (the “SEC”) proposed amendments to Schedules 13D and 13G relating to beneficial ownership reports (the “Proposed Amendments”).
The Proposed Amendments are intended to modernize the rules that govern reporting on Schedules 13D and G by, among other things, making information available to the public in a