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Advisory

Economic Crime and Corporate Transparency Act 2023 — Identity Verification and Companies House Filings (2025 Update)

The Economic Crime and Corporate Transparency Act 2023 (ECCTA) is reshaping UK company administration. Aimed at preventing the misuse of UK corporate structures, improving the reliability of the public register and tackling economic crime, ECCTA strengthens Companies House's gatekeeper role and introduces mandatory identity verification for those who form, control and file for UK entities.

Advisory

SEC's Strategic Shift to Expand Retail Investors' Access to Private Assets Provides New Opportunities: An Overview and Key Considerations

The Trump administration, including the Securities and Exchange Commission (SEC) leadership, has ushered in a push to "democratize" access to alternative investments.

Firm News

Katten Announces 2025 Pro Bono Service Award Recipients

Katten announced today that it honored 18 individuals with Pro Bono Service Awards, recognizing recipients for their exceptional dedication to providing legal services to those in need and for their roles in advancing access to justice in the communities the firm serves.

Advisory

Clear Skies Ahead? Predicting the Use of the Floor Trader Exemption in Event Contract Markets to Avoid Swap Dealer Registration

The availability of prediction markets has exploded for American consumers, as contracts that allowed people to bet on the outcome of the 2024 presidential election gained popularity. Prediction markets are generally "platforms where participants buy and sell contracts based on the outcomes of future events." These contracts cover a wide variety of events, from the outcome of sports games and the weather to political elections.

Article

AI Usage in the Banking and Financial Services Industry and the Current State of Regulation and Litigation Involving AI

Artificial Intelligence (AI) is rapidly reshaping the landscape of banking and consumer financial services. Though still evolving, banks and consumer finance companies are actively leveraging AI to augment and improve a multitude of financial services functions with the ultimate goal of lowering costs for such services.