CMS Proposes New Payment Models for Radiation Oncology and End Stage Renal Disease (ESRD)
On July 10, the Centers for Medicare & Medicaid Services (CMS) issued a proposed rule that would implement and test two new mandatory payment models ...
UK Information Commissioner Confirms Intention to Fine British Airways and Marriott International, Inc Under GDPR
On 8 July 2019, the UK Information Commissioner (ICO) issued a statement in response to an announcement to the London Stock Exchange of its intention ...
NIH Issues New Guidance on “Other Support” and “Foreign Components” in Funded Research
In the wake of ongoing concerns expressed about “foreign influence” in U.S.-funded research activities, the National Institutes of Health (NIH) last ...
Recent CFTC Enforcement Action against Non-U.S. Fund Manager for Violation of U.S. Position Limits Highlights Traps for Unwary
On July 2, 2019, the United States Commodity Futures Trading Commission (“CFTC”) issued an order (the “Order”) filing and simultaneously settling ...
UK Financial Conduct Authority reports on enforcement activity
The latest enforcement statistics released by the UK Financial Conduct Authority (“FCA”) show that the regulator is investigating more firms and individuals than ...
FINRA Provides Supplementary Guidance on Credit for “Extraordinary Cooperation”
On July 11, 2019, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 19-23 (the Notice) “to restate and supplement” existing guidance ...
IRS Issues Guidance on “Endowment Tax” for Colleges and Universities
On July 3, 2019, Treasury and the IRS published proposed regulations on the new excise tax on the net investment income of certain private colleges ...
Regulatory Rollback: First Set of Volcker Rule Reforms Finalized
On July 9, 2019, the five federal financial regulatory agencies issued a final rule (the “Rule”) to, inter alia, revise the Volcker Rule ...
Anti-money laundering: Law Commission proposes reforms to the SARs regime
On 18 June 2019, the Law Commission published its report on reform of the UK’s anti-money laundering (“AML”) and terrorist ...
GDPR: One Year On
The Information Commissioner’s Office has published GDPR: One Year On, describing its experiences and giving insights into the impact of the GDPR since ...
OFAC Expands Reporting Requirements for Rejected Transactions
In late June, with minimum notice or fanfare, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC ...
SEC Issues Concept Release on Harmonization of Securities Offering Exemptions: Potential Opportunities for Both Private Funds and Registered Funds
On June 18, 2019, the SEC published its Concept Release on Harmonization of Securities Offering Exemptions (the “Release”) to solicit public comment on ...
A Guide to FCA Cooperation Credit for Life Sciences Companies
This article by partner Greg Levine and counsel Beth Weinman and Samantha Barrett Badlam was published by Law360 on June ...
EU adopts new rules on marketing investment funds
Background The EU has now adopted supplementary rules on how funds are marketed to professional investors in the EU that the European Parliament voted on ...
Supreme Court Agrees to Hear Intel Case with Potentially Significant Implications for 401(k) Plan Fiduciaries
On June 10, 2019, the U.S. Supreme Court agreed to hear Intel Corp. Investment Policy Committee et al. v. Sulyma (No. 18-1116), and ...
Boston Red Sox vs New York Yankees – titanic baseball rivalry puts London at the centre of the sporting world this weekend
London plays host to Major League Baseball (MLB) for the first time this weekend, and sports industry commentators see this as a notable milestone in ...
SEC Adopts Rule Change to Address Funds’ Auditor Independence Problem
In a June 18, 2019 release (the “Release”), the SEC adopted amendments to the “Loan Rule” (as defined below), a part ...
New York’s Highest Court Holds that Medical Practices that Cede Too Much Control to MSOs Are “Fraudulently Incorporated” and Ineligible to Be Reimbursed by No-Fault Automobile Insurers
On June 11, 2019, the New York Court of Appeals (the “Court”)—the highest court in New York State—issued a ...
IOSCO report underlines cyber-risk standards for financial services firms
Reflecting its ever-increasing importance on regulators’ lists of priorities, the Board of International Organization of Securities Commissions (“IOSCO”), the global grouping ...
SEC Adopts Regulation Best Interest and Issues Interpretive Release on the “Solely Incidental” Exclusion
On June 5, 2019, the SEC adopted two rules and published two interpretations “designed to enhance the quality and transparency of retail investors ...
Trending Video: Drug Pricing Initiatives During the Trump Presidency
Tom Bulleit, Ropes & Gray health care partner, discusses the Trump Administration’s latest drug pricing initiatives. Transcript: I’m Tom Bulleit ...
Trending Video: U.S. International Trade Commission
Matt Rizzolo, Ropes & Gray IP litigation partner, examines the various operations of the U.S. International Trade Commission (USITC) in an increasingly global world ...
UK financial services regulators lay down a marker on money laundering in the capital markets
In a report published on 10 June, the Financial Conduct Authority has set out its assessment of the money laundering risks and vulnerabilities in the ...
Federal Circuit Confirms that State Sovereign Immunity, Like Tribal Immunity, Cannot Shield Patents from AIA Patent Challenges
On June 14 the Federal Circuit further clarified that sovereign immunity cannot be used to shield a patent from having its validity challenged in inter ...
China’s State Council Publishes New Regulations on the Management of Human Genetic Resources
China’s State Council, the country’s top administrative authority, released a new Regulation of Human Genetic Resources1 (the “Regulation”) on ...