How and when can a cryptocurrency or token offering transform from a security into a commodity or something else that is not subject to the securities laws? In his Blockchain Law column, Robert Schwinger discusses one approach that some issuers have tried in order to avoid or minimize having to face securities law requirements: “simple agreements for future tokens” or SAFTs.
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On December 3, 2020, the Financial Conduct Authority published Primary Market Bulletin No 32 (PMB 32) to remind issuers, investors and other market participants of the changes that will take place when onshored legislation comes into force, as well as to provide an update on the FCA’s work to implement some aspects of onshored legislation.
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The Federal Court’s decision in Worley is only the second securities class action to reach judgment in Australia.
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Recent changes to the Civil Aviation Safety Regulations 1998 (CASR) and the introduction of a new Part 139 (Aerodromes) Manual of Standards 2019 (new MOS) are currently presenting challenges to small aerodrome operators.
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