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  • Article

    UK FCA Looks To Accelerate Fund Tokenisation And Direct Dealing

    The FCA has published Consultation Paper CP25/28 with a view to accelerating the adoption of tokenisation by UK authorised funds
    European UnionFinance and Banking
    K&L Gates
    K&L Gates
  • Article

    ESMA Issues Technical Advice To The Commission For Its Review Of The UCITS Eligible Assets Directive (EAD)

    ESMA finally published its long-awaited technical advice for the review of the EAD, which proposes changes to the existing UCITS framework (the Report).
    European UnionTechnology
    K&L Gates
    K&L Gates
  • Article

    EU-US Data Privacy Framework Under The Spotlight Following FTC Independence Ruling

    The European Data Protection Board has asked the European Commission to evaluate how a recent US Supreme Court ruling on presidential authority to dismiss FTC commissioners may affect the EU-US Data Privacy Framework. The decision raises questions about the independence of the Federal Trade Commission, a key pillar underpinning the European Commission's adequacy determination that allows personal data transfers between the EU and participating US organisations.
    GlobalPrivacy
    K&L Gates
    K&L Gates
  • Article

    Europe: ESMA Issues Technical Advice To The Commission For Its Review Of The UCITS Eligible Assets Directive (EAD)

    ESMA finally published its long-awaited technical advice for the review of the EAD, which proposes changes to the existing UCITS framework (the Report).
    IrelandTechnology
    K&L Gates
    K&L Gates
  • Article

    New Development: Taiwan's Executive Yuan Has Passed The Draft Bill Of The Basic Act On Artificial Intelligence

    This is a follow-up to our legal alert concerning the draft bill of the Basic Act on AI (人工智慧基本法草案; the Bill). On 28 August 2025, Taiwan's Executive Yuan passed the draft Bill, aiming to strike a balance between emerging AI technologies and ethical conduct.
    TaiwanTechnology
    K&L Gates
    K&L Gates
  • Article

    Europe: UK Reform Of Short Selling Regime–FCA Consultation

    The Financial Conduct Authority (FCA) is consulting on changes to the short selling regime in the United Kingdom (UK), as set out in Consultation Paper CP25/29.
    United KingdomFinance and Banking
    K&L Gates
    K&L Gates
  • Article

    UK Consultations On Reducing The Burden Of The FCA Senior Managers Regime

    As part of the UK government's strategy to boost the competitiveness of the UK financial services sector and support growth, the overall burdens of the Senior Managers & Certification Regime (SMCR)...
    United KingdomFinance and Banking
    K&L Gates
    K&L Gates
  • Article

    California Posts Preliminary Roster For Landmark Climate Disclosure Mandate

    On 24 September 2025, the California Air Resources Board (CARB) posted a preliminary list of companies that it believes may be reporting or covered entities under California's Climate Corporate Data Accountability Act (SB 253) and Climate-Related Financial Risk Act (SB 261).
    United StatesCorporate/Commercial Law
    K&L Gates
    K&L Gates
  • Article

    The SEC "Flexes" Its (De)Regulatory Agenda

    The SEC's latest regulatory agenda has officially been unveiled, and according to Chair Atkins the "regulatory agenda reflects that it is a new day" at the SEC.
    United StatesCorporate/Commercial Law
    K&L Gates
    K&L Gates
  • Article

    Compensating Victims Of Deep Fake Fraud: Global Responses

    Our firm has a pro bono client who lost thousands of dollars trusting someone she met online. Over two years, the fraudster convinced her to move her funds to a US “bank” that would help her pay for her daughter’s expensive hospital stays.
    United StatesCriminal Law
    K&L Gates
    K&L Gates
  • Article

    2026 Mid-Year Prediction Market Report: Uncertainty Prevails Amidst Extraordinary Federal Action

    The US Commodity Futures Trading Commission has launched an aggressive campaign to assert exclusive jurisdiction over prediction markets, where event contracts are traded.
    United StatesFinance and Banking
    K&L Gates
    K&L Gates
  • Article

    Away With Pay To Play?

    The SEC has proposed rescinding its 2010 pay-to-play rule that restricted political contributions by investment advisers and their employees to government officials. After nearly sixteen years of enforcement, the Commission now characterizes the rule as having "significant unintended consequences" with draconian penalties for minor violations, proposing instead to rely on existing antifraud provisions to address pay-to-play practices.
    United StatesFinance and Banking
    K&L Gates
    K&L Gates
  • Article

    US$12.2 Trillion Opportunity–Executive Order Paves The Way For Easier 401(k) Plan Access To Alternative Investments

    The order also directs the Securities and Exchange Commission (SEC) to ease access to alternative assets for such plans by revisiting applicable regulations and guidance, including that related to accredited investor and qualified purchaser status.
    United StatesFinance and Banking
    K&L Gates
    K&L Gates
  • Article

    Federal Circuit's First Foray Into AIA-Derivation Proceedings

    The Federal Circuit recently issued its first review of a derivation proceeding, a rarely used proceeding provided for by the America Invents Act (AIA).
    United StatesIntellectual Property
    K&L Gates
    K&L Gates
  • Article

    NCS Multistage Inc. v. Nine Energy Service, Inc.: Private Sales Are Not Necessarily Public Disclosures Under The AIA

    The Federal Circuit's decision in NCS Multistage Inc. v. Nine Energy Service, Inc. establishes that a patentee's prior commercial sale does not automatically qualify as a public disclosure under the AIA safe harbor provision. The court clarified that the critical question is whether the inventor's actions made the subject matter of the invention available to the public, not merely whether a commercial transaction occurred.
    United StatesIntellectual Property
    K&L Gates
    K&L Gates
  • Article

    Return To In-Person Patent Trial And Appeal Board Hearings

    Effective 1 September 2025, all hearings before the Patent Trial and Appeal Board (PTAB) will be conducted in person. Parties involved must attend these hearings physically and in person unless...
    United StatesIntellectual Property
    K&L Gates
    K&L Gates
  • Article

    President Trump And Secretary Kennedy Acetaminophen Warning Raises Risk Of Litigation

    President Donald Trump and Robert F. Kennedy, Jr., secretary of health and human services, announced on 22 September 2025, that the Federal Drug Administration will begin warning women...
    United StatesLitigation, Mediation & Arbitration
    K&L Gates
    K&L Gates
  • Article

    Understanding Massachusetts Low-Income Housing Tax Credits

    Massachusetts offers a key incentive for developers through its Low-Income Housing Tax Credit (State LIHTC), designed to encourage the creation and preservation of affordable housing.
    United StatesReal Estate and Construction
    K&L Gates
    K&L Gates
  • Article

    "Breaches Will Occur. Preparedness Helps You Contain Them": Five Eyes Releases Statement On AI And Cyber Risk

    The Five Eyes intelligence alliance has issued an urgent warning that AI is fundamentally transforming the cyber threat landscape, with increasingly capable models enabling both rapid vulnerability detection and exploitation by malicious actors. Business leaders are being called upon to treat cyber resilience as a core strategic priority, with recommendations spanning attack surface reduction, accelerated patching, legacy system remediation, strengthened access controls, and incident preparedness. With the
    United StatesTechnology
    K&L Gates
    K&L Gates
  • Article

    Recent Developments In Sanctions And USTR Section 301 Fees Affecting The Shipping Industry (Video)

    This webinar explored the latest updates and developments surrounding sanctions and changes in the US Trade Representative (USTR) Section 301 fees...oren
    United StatesTransport
    K&L Gates
    K&L Gates

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