Events listed in Asset Management
Issuance of Counter Terrorism General License and Amended Frequently Asked Question
ID 21434
The Office of Foreign Assets Control (OFAC) has published a press release informing about new sanction measures. Specifically, in a first step, the Office has issued a new General License (GL 21B) to permit (financial) transactions that are necessary to provide „Limited Safety“ in connection with specified sanctioned vessels (e.g. emergency repairs, actions necessary to provide the safety of crew members, etc.) that would ...
Corrigendum to Commission Delegated Regulation (EU) 2021/2268 of 6 September 2021 ...
ID 21433
A Corrigendum to Commission Delegated Regulation (EU) 2021/2268 which provides „Regulatory Technical Standards“ for designing Key Information Documents (KIDs) of Packaged Retail and Insurance-based Investment Products (PRIIPs) was published in the Official Journal (OJ) of the EU. According to the document, the title of the Delegated Regulation was thereby changed from „Commission Delegated Regulation (EU) 2021/… of 6 September 2021 amending the regulatory te ...
Implementation of the Federal Civil Penalties Inflation Adjustment Act
ID 21432
The Office of Foreign Assets Control (OFAC) has published a final rule on its website regarding penalties for violations of OFAC sanction regulations. The rule has meanwhile been published in the Federal Register as well. Specifically, the Office is making inflation adjustments to the civil monetary penalties outlined in numerous instruments – in each case in § 701 – for violations of any terms ...
FAQs – Publicly offered investment products: Presentation Materials on ESG ...
ID 21431
The Securities and Futures Commission (SFC) has published an updated version of its presentation material regarding common ESG investment strategies used by ESG funds and corresponding frequently asked questions (FAQs) following a recent workshop on January 12, 2023. The material describes the differences between thematic investments, best in-class investments, and impact investments, before moving on to the criteria to be considered for each type ...
Fair Lending: Revised Comptroller’s Handbook Booklet and Rescissions
ID 21430
The Office of the Comptroller of the Currency (OCC) has published a revised version of its „Fair Lending“ booklet. This booklet focuses on the factors that shall be considered and incorporated in the supervisory practices of supervising staff members when monitoring or examining the lending practices of OCC supervised institutions. It thereby specifies the supervisory process and methods themselves, outlines requirements pertaining to the ...
Corrigendum to Commission Delegated Regulation (EU) 2022/1288 of 6 April 2022 ...
ID 21429
A corrigendum to Commission Delegated Regulation (EU) 2022/1288, a delegated regulation under the Sustainable Finance Disclosure Regulation (SFDR), was published in the Official Journal (OJ) of the EU. According to the document, the title of the Delegated Regulation was thereby changed from „Commission Delegated Regulation (EU) 2022/… of 6 April 2022 supplementing Regulation (EU) 2019/2088 of the European Parliament and of the Council with ...
Annual Adjustment of Civil Monetary Penalties To Reflect Inflation-2023
ID 21428
The U.S. Commodity Futures Trading Commission (CFTC) has published in the Federal Register the annual inflation adjustment to the civil money penalty amounts for conduct violations of all types under the Commodity Exchange Act of 1936 and / or subsequent orders and regulations. The inflation adjustment is based on the change in the Consumer Price Index for all Urban Consumers (CPI-U) measured as of ...
Rules of Practice for Hearings
ID 21427
The Board of Governors of the Federal Reserve System (FED) has published in the Federal Register the annual inflation adjustment to the civil money penalty amounts for certain conduct violations under the Bank Holding Company Act, the Federal Deposit Insurance Act, the Federal Reserve Act and / or subsequent orders and regulations. The adjustments apply to (bank) holding companies and savings institutions. The amount ...
CP23/1: Insurance guidance for the support of customers in financial difficulty
ID 21426
The Financial Conduct Authority, FCA, has launched a consultation on a proposed new guidance for insurance firms and their intermediaries as regards the treatment of customers that experience financial difficulties (new ICOBS 2.7 guidance on „Customers in financial difficulty). The guidance follows similar advice issued to insurance firms during the COVID-19 pandemic which was, however, not retained in the *Insurance: Conduct of Business Sourcebook ...
Asset Management
information
ACER approves the new automatic maximum price limit adjustment mechanism for the ...
ID 21425
ACER approved the European electricity spot markets‘ new automated maximum price limit adjustment mechanism, that intervenes in case of price spikes. Energy supply security is ensured through optimal „short-term dispatch of generation, efficient use of interconnections and to encourage demand response.“ The updated methods will flatten the increase in day-ahead and intraday market price limits. Due to expected high energy prices, [ACER urged the ...