A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets.
This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength.
Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations.
Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
Compliance with the rules is not required until the latest of either 12 months following publication in the Federal Register or the "SBS Entity Counting Date," as specified in the SEC's SBS Entity Registration adopting release.
On February 10, 2016, the US Securities and Exchange Commission
adopted rules applicable to non-US firms engaging in cross-border
security-based swap activities. Under the final rules, a non-US
company that arranges, negotiates or executes a security-based
swap transaction in connection with its dealing activity using
personnel located in a US branch or office must count that
transaction when determining eligibility for the de
minimis exception to the security-based swap dealer
registration requirement. A non-US firm must include such
transactions in its de minimis threshold calculation
together with security-based swap transactions connected with its
dealing activity where its counterparty is a US person. Compliance
with the rules is not required until the latest of either 12 months
following publication in the Federal Register or the "SBS
Entity Counting Date," as specified in the SEC's SBS
Entity Registration adopting release.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
