Events listed in United States
Counter Terrorism Designations
ID 25798
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added eight individuals and two entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (31 CFR Part 594 and Executive Order 13224) for their engagement in or the financing of terrorist organization Hamas. The following ...
Sanctions Compliance Guidance for the Provision of Humanitarian Assistance to the ...
ID 25794
The Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury (USDT) has published a new guidance as regards the provision of humanitarian aid to the Palestinian people in Gaza in view of existing sanction regulations and executive orders targeting the Hamas. The guidance, which primarily consists of frequently asked questions (FAQs), is aimed at supporting firms, organizations, and individuals alike ...
Standards for Safeguarding Customer Information
ID 25782
Following a corresponding consultation in 2021 (EventID 13610), the Federal Trade Commission (FTC) has published in the Federal Register its final rule with respect to the notification of unauthorized retrieval of unencrypted customer information from financial institutions. Specifically, the new rule mandates that financial institutions, which include insurance companies, brokers, banks, building societies, mutual funds, and all other entities offering financial products and ...
Agencies announce dollar thresholds for smaller loan exemption from appraisal ...
ID 25781
The Consumer Financial Protection Bureau (CFPB), the Federal Reserve Board (FED), and Office of the Comptroller of the Currency (OCC) have announced an upcoming regulation to increase the threshold for exempting loans from special appraisal requirements for higher-priced mortgage loans from $31,000 to $32,400, effective January 1, 2024. This means that financial institution granting mortgage loans of less than $32,400 will not need to ...
Agencies announce dollar thresholds for applicability of truth in lending and ...
ID 25769
The Consumer Financial Protection Bureau (CFPB) and the Federal Reserve Board (FED) have announced amendments to Regulation M (Consumer Leasing Regulation) and Regulation Z (Truth in Lending Regulation) to adjust the thresholds indicating whether or not a lease transaction or credit agreement falls under the corresponding regulations and is thus subject to enhanced disclosure and marketing obligations or restrictions and extended customer privileges as ...
Registration Open for OCC Symposium on the Tokenization of Real-World Assets and ...
ID 25766
The Office of the Comptroller of the Currency (OCC) has published a press release to inform that the upcoming „Symposium on the Tokenization of Real-World Assets and Liabilities“ at the OCC’s headquarter in Washington, DC on February 8, 2024 is now open for public registration via this link. In this context, the OCC notes that registration for in-person attendance will only be open up ...
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; ...
ID 25738
The Securities and Exchange Commission (SEC) published in the Federal Register (requested) rule changes of the Financial Industry Regulatory Authority (FINRA) for public comment. The publication is concurrent to FINRA’s publication of Regulatory Notice 23-19 (EventID 23907) in which FINRA already finalized these rule changes on which the SEC now seeks comment on. As described in the Federal Register, FINRA proposes (proposed) to amend ...
Regulatory Notice 23-19
ID 25730
In view of the upcoming changes to 17 CFR Part 240, § 240.15b9-1 under the Securities Exchange Act of 1934 on registration requirements of broker-dealers with the Financial Industry Regulatory Authority (FINRA) and exemption therefrom as initiated by the Securities and Exchange Commission in August this year (EventID 22724), FINRA has now adopted final **Regulatory Notice 23-19 on rule changes to „establish a Short-Form ...
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; ...
ID 25722
The U.S. Securities and Exchange Commission, SEC, has published in the Federal Registered proposed rule changes of FINRA (Financial Industry Regulatory Authority) in connection with the dissemination of „On-the-Run Nominal Coupon“ securities transactions and the adoption of a corresponding pricing policy. The purpose of the publication is to seek feedback from the public on the proposal and whether or not the SEC should approve ...
Issuance of Russia-related General License
ID 25704
The Office of Foreign Assets Control (OFAC) has issued a new General License (GL) 76A which replaces General License 76 that was issued on November 2, 2023 to permit financial transactions which would otherwise be prohibited pursuant to Executive Order 14024 to wind down engagements with certain (newly) designated entities or any entities owned or controlled by them (50% or more in interest), namely ...