Publications

• SEC Expands “Dealer” Definitions to Cover Significant Liquidity Providers
  16 February 2024
  Marc Ponchione
  ,
  Jeff Robins
  ,
  Kristin A. Snyder
  ,
  Gary E. Murphy
  ,
  Sheena Paul
  ,
  Tara R. Holzer
• NYU Compliance & Enforcement: SEC Proposes Rule to Eliminate or Neutralize Conflicts in the Use of “Predictive Data Analytics” Technologies
  29 August 2023
  NYU Compliance & Enforcement
  Andrew J. Ceresney
  ,
  Charu A. Chandrasekhar
  ,
  Avi Gesser
  ,
  Jeff Robins
  ,
  Matt Kelly
  ,
  Gary E. Murphy
  ,
  Jarrett Lewis
  ,
  Robert B. Kaplan
  ,
  Marc Ponchione
  ,
  Sheena Paul
  ,
  Catherine Morrison
  ,
  Julie M. Riewe
  ,
  Kristin A. Snyder
  ,
  Mengyi Xu
• SEC Proposes Rule to Eliminate or Neutralize Conflicts in the Use of “Predictive Data Analytics” Technologies
  14 August 2023
  Andrew J. Ceresney
  ,
  Charu A. Chandrasekhar
  ,
  Avi Gesser
  ,
  Robert B. Kaplan
  ,
  Marc Ponchione
  ,
  Julie M. Riewe
  ,
  Jeff Robins
  ,
  Kristin A. Snyder
  ,
  Matt Kelly
  ,
  Gary E. Murphy
  ,
  Sheena Paul
  ,
  Jarrett Lewis
  ,
  Catherine Morrison
  ,
  Mengyi Xu
• New Executive Order Outlining National Policy for Digital Assets
  14 March 2022
  Morgan J. Hayes
  ,
  Byungkwon Lim
  ,
  Carter Burwell
  ,
  Gary E. Murphy
  ,
  Aseel M. Rabie
  ,
  Ezra Newman
  ,
  Taylor Richards
• Blockchain Year-in-Review 2020
  26 April 2021
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Philip Orange
  ,
  Dr. Friedrich Popp
• NFA Compliance Rule 2-50: New Event Notice Filings for Registered CPOs
  7 April 2021
  Byungkwon Lim
  ,
  Gary E. Murphy
• UK Treasury Outlines the UK Regulatory Approach to Cryptoassets and Stablecoins
  25 February 2021
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Philip Orange
• Bank of Russia Issues First Regulations Under the Law on Digital Financial Assets
  19 February 2021
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Philip Orange
• FinCEN Proposes Reporting, Recordkeeping and Verification Requirements for Digital Currency Transactions Involving Unhosted Wallets
  31 December 2020
  Satish M. Kini
  ,
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Expands Exemptive Relief for Certain Non-US Commodity Pool Operators
  19 November 2020
  Byungkwon Lim
  ,
  Gary E. Murphy
• European Commission Introduces Sandbox for DLT-Based Trading and Post-Trading Market Infrastructures
  17 November 2020
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Philip Orange
  ,
  Evgenii Lebedev
  ,
  Dr. Friedrich Popp
• European Commission Introduces Draft Regulation for Markets in Crypto Assets (MiCA)
  3 November 2020
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Philip Orange
  ,
  Evgenii Lebedev
• Russia Adopts Law on Regulatory Sandboxes
  18 September 2020
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Evgenii Lebedev
• Germany Introduces Electronic and Crypto Securities
  14 September 2020
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Evgenii Lebedev
• Russia Adopts Law on Digital Financial Assets
  6 August 2020
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Evgenii Lebedev
• CFTC Expands Statutory Disqualification to Exempt CPOs
  11 June 2020
  Byungkwon Lim
  ,
  Gary E. Murphy
• Blockchain 2019 Year-In-Review
  27 April 2020
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Philip Orange
  ,
  Dr. Friedrich Popp
• NFA Announces Launch of Swaps Proficiency Requirements
  13 January 2020
  Byungkwon Lim
  ,
  Gary E. Murphy
• SEC Adopts Final Set of Rules to Start the Clock for Registration of Security-Based Swap Dealers
  8 January 2020
  Jeff Robins
  ,
  Emilie T. Hsu
  ,
  Gary E. Murphy
• Russia Adopts Crowdfunding Law
  4 September 2019
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Evgenii Lebedev
  ,
  Dr. Friedrich Popp
• FATF Guidance on AML Regulations Poses Significant Challenges to Crypto Industry
  12 July 2019
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Evgenii Lebedev
  ,
  Dr. Friedrich Popp
• Loi PACTE: French Regulator Implements an Innovative Legal Framework for ICOs
  8 July 2019
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Philippe Tengelmann
  ,
  Rosanne Lariven
• Applying the Bank Secrecy Act Framework to Convertible Virtual Currency: FinCEN Issues Guidance and Clarifies Expectations
  28 May 2019
  Satish M. Kini
  ,
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Robert T. Dura
  ,
  Jonathan Steinberg
• Law360: A Glimpse Into The Potential Future Of AI Regulation
  14 May 2019
  Law360
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Dr. Friedrich Popp
  ,
  James B. Amler
• SEC Framework and No-Action Letter Provide Guidance on Analyzing Whether a Digital Asset is a Security
  11 April 2019
  Kenneth J. Berman
  ,
  Morgan J. Hayes
  ,
  Matthew E. Kaplan
  ,
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Jonathan Steinberg
• Russian State Duma Adopts Bill on Digital Rights in Third Reading
  14 March 2019
  Byungkwon Lim
  ,
  Gary E. Murphy
• Blockchain 2018 Year-in-Review
  14 February 2019
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Dr. Oliver Krauß
  ,
  Dr. Friedrich Popp
• Debevoise & Plimpton Discusses Custody Of Digital Assets
  8 January 2019
  The CLS Blue Sky Blog
  Kenneth J. Berman
  ,
  Byungkwon Lim
  ,
  Gary E. Murphy
• Custody of Digital Assets: Centralized Safekeeping of Decentralized Assets under the Investment Advisers Act
  17 December 2018
  Kenneth J. Berman
  ,
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Proposes Rules to Streamline Certain CPO and CTA Regulations
  19 November 2018
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Issues Advisory on Virtual Currency Derivative Product Listings
  21 June 2018
  Byungkwon Lim
  ,
  Gary E. Murphy
• NFA Advises Members to Comply with U.S. Sanctions in Digital Currency Activities
  14 May 2018
  Satish M. Kini
  ,
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Robert T. Dura
• Blockchain Tokens and Initial Coin Offerings: New Year, New Perspective
  25 January 2018
  Morgan J. Hayes
  ,
  Byungkwon Lim
  ,
  Gary E. Murphy
• LabCFTC Primer: The CFTC’s Views on Regulation of Virtual Currencies
  22 November 2017
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Adopts Amendments Regarding CPO Reports
  9 December 2016
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Proposes Amendments on Registration Relief for Foreign CPOs, CTAs and IBs
  18 August 2016
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Relief For Foreign CPOs Based On Incorrect Reasoning
  14 March 2016
  Law360
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Registration Relief for Foreign CPOs and CTAs: Correct Result, Incorrect Reasoning?
  22 February 2016
  Byungkwon Lim
  ,
  Gary E. Murphy
• NFA Cybersecurity Notice Takes Effect March 1
  19 February 2016
  Byungkwon Lim
  ,
  Jim Pastore
  ,
  Gary E. Murphy
• CFTC Responds to Frequently Asked Questions Regarding Forms CPO-PQR and CTA-PR
  5 January 2016
  Byungkwon Lim
  ,
  Gary E. Murphy
• Reminder - Periodic Filing, Notice and Reporting Requirements for Private Equity Funds
  29 December 2014
  Jonathan Adler
  ,
  Andrew M. Ahern
  ,
  Kenneth J. Berman
  ,
  Jennifer J. Burleigh
  ,
  Michael P. Harrell
  ,
  Satish M. Kini
  ,
  Geoffrey Kittredge
  ,
  Jonathan F. Lewis
  ,
  Andrew M. Ostrognai
  ,
  David J. Schwartz
  ,
  Rebecca F. Silberstein
  ,
  Steven J. Slutzky
  ,
  Gavin Anderson
  ,
  Gary E. Murphy
  ,
  Sally Gibson
• CFTC Grants Relief from Commodity Pool Operator Registration for Insurance-Linked Securities Issued by SPVs
  23 December 2014
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Grants Family Offices No-Action Relief from registration as CTAs
  2 December 2014
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Provides No-Action Relief To Certain Delegating Commodity Pool Operators
  21 October 2014
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Issues Relief Regarding Insurance Company General Account Entities, CPO Use of Third-Party Recordkeepers, and Form CPO-PQR Filing Requirements
  24 September 2014
  Byungkwon Lim
  ,
  Gary E. Murphy
• Debevoise & Plimpton Discusses JOBS Act General Solicitations
  23 September 2014
  The CLS Blue Sky Blog: Columbia Law School’s Blog On Corporations And The Capital Markets
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Kenneth J. Berman
• CFTC Opens Door for Use of Jobs Act General Solicitations
  12 September 2014
  Kenneth J. Berman
  ,
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC’S DSIO Addresses the Treatment of Wholly-Owned Subsidiaries of Commodity Pools in No-Action Relief to Permit Consolidated Reporting
  11 September 2014
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Streamlines Process to Delegate Commodity Pool Operator Authority
  21 May 2014
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Advisory on Gramm-Leach-Bliley Act Security Safeguards
  28 February 2014
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Staff Advisory on Commodity Trading Advisors and Swaps
  14 January 2014
  Byungkwon Lim
  ,
  Gary E. Murphy
• Reminder – Periodic Filing, Notice and Reporting Requirements for Private Equity Funds
  26 December 2013
  Marwan Al-Turki
  ,
  Kenneth J. Berman
  ,
  Jennifer J. Burleigh
  ,
  Michael P. Harrell
  ,
  Satish M. Kini
  ,
  Geoffrey Kittredge
  ,
  Jonathan F. Lewis
  ,
  Byungkwon Lim
  ,
  Andrew M. Ostrognai
  ,
  David J. Schwartz
  ,
  Rebecca F. Silberstein
  ,
  Steven J. Slutzky
  ,
  Sally Gibson
  ,
  Gary E. Murphy
• When Size Does Matter: The SEC’s New Rules on Large Trader Registration May Snare Private Equity
  Winter 2012, Vol. 12, Number 2
  Kevin Rinker
  ,
  Gary E. Murphy
• CFTC Adopts Harmonization Rules for Registered Investment Company CPOs; Amends Rules for all CPOs and CTAs
  30 August 2013
  Byungkwon Lim
  ,
  Gary E. Murphy
  ,
  Kenneth J. Berman
• CFTC Issues Time-Limited No-Action Relief for CPOs of Securitization Vehicles
  4 April 2013
  Byungkwon Lim
  ,
  Gary E. Murphy
• Proposed Amendments to NFA Rule 2-45 and Its Related Interpretive Notice for Member CPOs
  8 March 2013
  Byungkwon Lim
  ,
  Gary E. Murphy
• Recent Compliance Guidance from the National Futures Association
  30 January 2013
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Issues No-Action Relief Regarding Investments in Securitization Vehicles and Pending Registration Applications
  28 December 2012
  Byungkwon Lim
  ,
  Gary E. Murphy
• Reminder – Periodic Filing, Notice and Reporting Requirements for Private Equity Funds
  20 December 2012
  Kenneth J. Berman
  ,
  Satish M. Kini
  ,
  Byungkwon Lim
  ,
  Rebecca F. Silberstein
  ,
  Steven J. Slutzky
  ,
  Sally Gibson
  ,
  Gary E. Murphy
• CFTC Issues Interpretive Guidance and Registration Relief to Securitization Vehicles, mREITS, and BDCS
  14 December 2012
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Grants No-Action Relief to Family Offices and Funds of Funds
  5 December 2012
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Issues Interpretative Guidance to Equity REITs and Certain Securitization Vehicles
  16 October 2012
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Responds to Frequently Asked Questions – CPO/CTA: Amendments to Compliance Obligations
  17 August 2012
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Grants Temporary No-Action Relief for Non-Clearing Member Swap Dealers from Section 20.4
  19 July 2012
  Byungkwon Lim
  ,
  Gary E. Murphy
• CFTC Grants No-Action Relief Extending Compliance Date for CPO and CTA Registration
  16 July 2012
  Byungkwon Lim
  ,
  Gary E. Murphy
• When Size Does Matter: The SEC's New Rules On Large Trader Registration
  28 June 2012
  Mergers & Acquisitions
  Kevin Rinker
  ,
  Gary E. Murphy
• The SEC Set New Rules On Large Trader Registration
  19 June 2012
  Kevin Rinker
  ,
  Gary E. Murphy
• The Private Equity Report
  Winter 2012
  Matthew E. Kaplan
  ,
  David Innes
  ,
  Alan J. Davies
  ,
  Thomas Smith
  ,
  Kevin Rinker
  ,
  Gary E. Murphy
  ,
  Kenneth J. Berman
  ,
  Andrew M. Ostrognai
  ,
  Jeffrey E. Ross
  ,
  Scott B. Selinger
  ,
  David A. Brittenham
• SEC Releases Final Rule on Large Trader Reporting
  4 August 2011
  Byungkwon Lim
  ,
  Gary E. Murphy