The U.K. Financial Conduct Authority (the “FCA”) has issued a “Dear CEO” letter on August 8, 2018, in which it makes clear that post-Brexit, the FCA is open to many different booking arrangements to be utilized by regulated U.K. investment firms for booking trades done with or on non-U.K. European firms. We are open to a… Read more »
Monthly Archives: August 2018
CFIUS Update Passed by Congress
On August 1, 2018, the U.S. Senate passed the Foreign Investment Risk Review Modernization Act (“FIRRMA”) as part of the Defense Authorization Bill (Title XVII). FIRRMA changes and updates the law setting up the Committee on Foreign Investment in the United States (“CFIUS”), which allowed CFIUS to review certain acquisitions by and mergers with foreign… Read more »