https://1.next.westlaw.com Finance https://1.next.westlaw.com/Document/I7b43a305590311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I7b43a305590311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Fri, 29 May 2026 00:00:00 CDT In May 2026, ISDA® published several legal opinions. https://1.next.westlaw.com/Document/Ic0e0a604489911f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Ic0e0a604489911f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Wed, 06 May 2026 00:00:00 CDT The International Securities Lending Association has published a Digital Bonds Annex for use with Global Master Securities Lending Agreement (GMSLA) documents. https://1.next.westlaw.com/Document/I48826c3b437f11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I48826c3b437f11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Thu, 30 Apr 2026 00:00:00 CDT In April 2026, ISDA® published several legal opinions. https://1.next.westlaw.com/Document/Iaa16bd70447e11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Iaa16bd70447e11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Thu, 30 Apr 2026 00:00:00 CDT The International Capital Market Association has published a Digital Bonds Annex for use with the 2011 version of the Global Master Repurchase Agreement (GMRA 2011). https://1.next.westlaw.com/Document/I09a4eab1d5d411f098028aa0904d44cc/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I09a4eab1d5d411f098028aa0904d44cc/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Thu, 11 Dec 2025 00:00:00 CST The California Air Resources Board (CARB) announced it will hold a public hearing on February 26, 2026 to consider approving for adoption a regulation implementing California's climate disclosure laws, SB 253 and SB 261. https://1.next.westlaw.com/Document/I31557632d51811f098028aa0904d44cc/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I31557632d51811f098028aa0904d44cc/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Wed, 10 Dec 2025 00:00:00 CST The SEC's Crypto Task Force announced the agenda and panelists for its roundtable on financial surveillance and privacy. The roundtable will be held on December 15, 2025 from 1 p.m. to 5 p.m. ET. https://1.next.westlaw.com/Document/I3483aadac9f511f098028aa0904d44cc/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I3483aadac9f511f098028aa0904d44cc/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Tue, 25 Nov 2025 00:00:00 CST The White House has released an executive order outlining President Trump's vision for the federal government to build an integrated AI platform to harness federal scientific datasets to facilitate AI‑accelerated innovation and discovery. https://1.next.westlaw.com/Document/I19c57feec56411f0b5e1f6185fe336a9/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I19c57feec56411f0b5e1f6185fe336a9/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Wed, 19 Nov 2025 00:00:00 CST The Ninth Circuit Court of Appeals issued an order enjoining the enforcement of California SB 261 while the court hears the interlocutory appeal filed by the US Chamber of Commerce and other business groups. Initial climate-related financial risk reports under SB 261 were to be due by January 1, 2026. The motion for an injunction pending appeal was denied as to SB 253, which will require disclosure of GHG emissions later in 2026. https://1.next.westlaw.com/Document/I0262bfb9bebc11f0b5e1f6185fe336a9/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I0262bfb9bebc11f0b5e1f6185fe336a9/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Tue, 11 Nov 2025 00:00:00 CST The International Organisation of Securities Commissions (IOSCO) has published a final report (FR/17/25) discussing observations from a monitoring exercise conducted by its Fintech Task Force to determine how tokenisation and distributed ledger technology (DLT) is being developed and adopted in capital markets products and services. https://1.next.westlaw.com/Document/I7b987705be1711f09eb2cf77be1665bc/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I7b987705be1711f09eb2cf77be1665bc/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Mon, 10 Nov 2025 00:00:00 CST ISDA® has published a naming convention for Settlement Prices Sources for digital asset derivatives. https://1.next.westlaw.com/Document/Ib52c0053b3fe11f0b5e1f6185fe336a9/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Ib52c0053b3fe11f0b5e1f6185fe336a9/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Tue, 28 Oct 2025 00:00:00 CDT ISDA® opens the general adherence phase for the ISDA 2025 - 2002 Equity Derivatives Definitions (Versionable Edition) Protocol. https://1.next.westlaw.com/Document/I9e247c26a83811f0a0f8b8c1f831a509/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I9e247c26a83811f0a0f8b8c1f831a509/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Mon, 13 Oct 2025 00:00:00 CDT The California Air Resources Board (CARB) posted a draft scope 1 and 2 GHG reporting template, as well as a memo containing guidance on using the template. CARB is seeking feedback on the template and guidance memo, with comments to be submitted to a public docket that will remain open until October 27, 2025. https://1.next.westlaw.com/Document/Icd11a0269ec711f0a6fc90e599a2d03e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Icd11a0269ec711f0a6fc90e599a2d03e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Thu, 02 Oct 2025 00:00:00 CDT The SEC Division of Investment Management issued a no-action letter providing that it would not recommend enforcement action under the Advisers Act Rule 204(6)-2 (custody rule) or Section 17 of the ICA against investment advisers that treat a State Trust Company as a "bank" that is permitted to custody crypto assets or cash equivalents necessary to effect transactions in crypto assets. https://1.next.westlaw.com/Document/Iab1271358fff11f0b24092ee327aff1e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Iab1271358fff11f0b24092ee327aff1e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Mon, 15 Sep 2025 00:00:00 CDT The Environmental Protection Agency (EPA) proposed to end its greenhouse gas reporting program (GHGRP) under the Clean Air Act (CAA), eliminating GHG reporting requirements for most industrial sources, and suspending GHG reporting requirements for oil and gas industry sources until 2034. https://1.next.westlaw.com/Document/Ia895247a8d6e11f0b24092ee327aff1e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Ia895247a8d6e11f0b24092ee327aff1e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Wed, 10 Sep 2025 00:00:00 CDT The Consumer Financial Protection Bureau (CFPB) published its Regulatory agenda identifying regulatory matters it anticipates will be under consideration during the period from July 2025 to October 2026. https://1.next.westlaw.com/Document/I177178b28e0811f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I177178b28e0811f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Wed, 10 Sep 2025 00:00:00 CDT A list of credit agreement and asset-backed securities (ABS) indenture summaries recently published by What's Market. What's Market provides continuously updated credit agreement, commitment letter, and ABS indenture databases that allow you to analyze and compare negotiated terms across multiple deals. What's Market also contains links to the underlying public documents. https://1.next.westlaw.com/Document/Idbf3de9f897b11f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Idbf3de9f897b11f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Wed, 10 Sep 2025 00:00:00 CDT The CFTC issued an advisory reaffirming the CFTC's longstanding registration framework for foreign boards of trade (FBOTs) applicable to non-US entities legally organized and operating outside of the US that seek to provide persons physically located in the US with direct market access to their trading platforms. The advisory is intended to provide regulatory clarity to platforms that migrated offshore to facilitate crypto-asset trading during the past several years. https://1.next.westlaw.com/Document/I49019f7d8c9611f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I49019f7d8c9611f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Mon, 08 Sep 2025 00:00:00 CDT The SEC and the CFTC issued a joint statement on regulatory harmonization efforts, addressing key areas in which the agencies intend to coordinate going forward, and announcing a joint agency roundtable to discuss regulatory harmonization. https://1.next.westlaw.com/Document/Id5c92ea18a7611f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Id5c92ea18a7611f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Mon, 08 Sep 2025 00:00:00 CDT After the Fifth Circuit Court of Appeals remanded the SEC's short sale disclosure and securities lending reporting final rules for further economic analysis, SEC Chairman Paul Atkins directed SEC staff to evaluate the rules and make recommendations for appropriate SEC action, including potential changes to the rules and adjustments to the compliance dates. https://1.next.westlaw.com/Document/Icd39ec7a8a2a11f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Icd39ec7a8a2a11f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Fri, 05 Sep 2025 00:00:00 CDT The US Small Business Administration (SBA) has announced a new loan program as part of its 7(a) loan program. This new loan program will permit participating lenders to make SBA-guaranteed revolving lines of credit or term loans to small manufacturers. https://1.next.westlaw.com/Document/If4e9279088c111f0b24092ee327aff1e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/If4e9279088c111f0b24092ee327aff1e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Thu, 04 Sep 2025 00:00:00 CDT The California Air Resources Board (CARB) posted a draft checklist to assist covered entities with preparing their biennial climate-related financial risk reports, as required under SB 261. Initial reports are due on January 1, 2026. https://1.next.westlaw.com/Document/Icc2a0d1188ff11f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Icc2a0d1188ff11f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Thu, 04 Sep 2025 00:00:00 CDT The SEC's Division of Trading and Markets and the CFTC’s Division of Market Oversight and Division of Clearing and Risk issued a joint statement expressing their view that current law does not prohibit CFTC-registered designated contract markets (DCMs) and foreign boards of trade (FBOTs), or SEC-registered national securities exchanges (NSEs), from facilitating the trading of certain spot crypto-asset products. The SEC and the CFTC also issued a joint statement on regulatory harmonization efforts. https://1.next.westlaw.com/Document/Ifa425da2882311f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Ifa425da2882311f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Wed, 03 Sep 2025 00:00:00 CDT A list of credit agreement and asset-backed securities (ABS) indenture summaries recently published by What's Market. What's Market provides continuously updated credit agreement, commitment letter, and ABS indenture databases that allow you to analyze and compare negotiated terms across multiple deals. What's Market also contains links to the underlying public documents. https://1.next.westlaw.com/Document/Ie1a6421f836111f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Ie1a6421f836111f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Wed, 03 Sep 2025 00:00:00 CDT The Consumer Financial Protection Bureau (CFPB) is proposing to adopt a standard definition of “risks to consumers with regard to the offering or provision of consumer financial products or services” that would bind the CFPB in proceedings to designate nonbank financial institutions for CFPB supervision. https://1.next.westlaw.com/Document/Ifa423332882311f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Ifa423332882311f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Tue, 02 Sep 2025 00:00:00 CDT The Small Business Administration (SBA) issued a notice soliciting public comments on extending the information collection under the Paycheck Protection Program (PPP) to coincide with the PPP data retention requirements for PPP lenders. https://1.next.westlaw.com/Document/I65f1cab0777c11f09e79d3396e9acd90/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I65f1cab0777c11f09e79d3396e9acd90/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Fri, 29 Aug 2025 00:00:00 CDT The US Small Business Administration (SBA) has instructed its network of lenders to end politicized or unlawful debanking. This instruction follows President Trump's August 7, 2025 fair banking executive order that aims to remove politicized or unlawful debanking. https://1.next.westlaw.com/Document/I7aaecc13828d11f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I7aaecc13828d11f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Thu, 28 Aug 2025 00:00:00 CDT The US Small Business Administration (SBA) has proposed revising the monetary-based small business size standards for various North American Industry Classification System (NAICS) sectors. The SBA uses these size standards to determine if a business qualifies for federal small business assistance. https://1.next.westlaw.com/Document/I8a5f6e9582c611f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/I8a5f6e9582c611f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Wed, 27 Aug 2025 00:00:00 CDT A list of credit agreement summaries recently published by What's Market. What's Market provides continuously updated credit agreement, commitment letter, and asset-backed securities (ABS) indenture databases that allow you to analyze and compare negotiated terms across multiple deals. What's Market also contains links to the underlying public documents. https://1.next.westlaw.com/Document/Id2d118f7835211f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Id2d118f7835211f08d94a97a2fd4b363/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Wed, 27 Aug 2025 00:00:00 CDT Wyoming Governor Mark Gordon and the Wyoming Stable Token Commission announced the launch of the Frontier Stable Token (FRNT), the first US state-issued, dollar-pegged stablecoin. https://1.next.westlaw.com/Document/Ie84413ef81d411f0b24092ee327aff1e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 https://1.next.westlaw.com/Document/Ie84413ef81d411f0b24092ee327aff1e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29 Wed, 27 Aug 2025 00:00:00 CDT The Consumer Financial Protection Bureau issued an advance notice of proposed rulemaking seeking comments and data to reconsider aspects of its personal financial data rights rule implementing Section 1033 of the Dodd-Frank Act.