Events listed in United States
Quarterly Refunding Statement of Assistant Secretary for Financial Markets Josh ...
ID 25611
On November 1, 2023, the US Department of the Treasury (USDT) announced its projected financing needs and the tentative issuance schedule for U.S. government securities between November 2023 and January 2024, inclusive. The following table depicts the intended issuance sizes and maturities in that time period. Graphic 1 – Tentative Government Securities Issuance Schedule The USDT thereby also provides ...
Commercial Lending: Venture Loans to Companies in an Early, Expansion, or Late ...
ID 25610
The Office of the Comptroller of the Currency (OCC) has issued a new bulletin (2023-34) to provide guidance to OCC supervised institutions related to commercial loans to companies at various stages of development, which the OCC refers to as „venture loans“. These loans typically involve higher uncertainty and a greater risk of default, so the Office. Therefore, institutions engaging in venture lending must do ...
Telephone Consumer Protection Act: Revised Interagency Examination Procedures and ...
ID 25609
The Office of the Comptroller of the Currency, OCC, has issued a press release to inform that it has updated the procedures relating to „Telephone Consumer Protection Act (TCPA) Exam“ in the Comptroller’s Handbook, specifically in the „Other Consumer Protection Laws and Regulations” booklet. The revisions reflect the amendments made to the TCPA in 2021 and cover issues such as – procedures for customers ...
Information Notice 11/1/23
ID 25603
On November 1, 2023, the Financial Industry Regulatory Authority (FINRA) issued an information notice to remind firms of their obligation to file on time – the Annual Report, – the Financial and Operational Combined Uniform Single (FOCUS) Reports, – Form Custody, – the Supplemental Statement of Income (SSOI), – the Supplemental Schedule for Derivatives and Other Off-Balance Sheet Items (Form OBS), – the Supplemental ...
US Department of Labor announces proposed rule to protect retirement savers’ ...
ID 25600
On October 31, 2023, the Employee Benefits Security Administration (EBSA) announced an upcoming consultation on proposed revisions to the definition of „investment advice fiduciary“ in its rules under the Employee Retirement Income Security Act of 1974. The revisions aim to enhance the protection of pension plan members and their retirement income and raise the standards for investment advisers when advising pension funds, other fiduciaries, ...
Required Rulemaking on Personal Financial Data Rights
ID 25593
The Consumer Financial Protection Bureau, CFPB, has launched and published in the Federal Register a consultation on an entirely new Statutory Instrument, namely 12 CFR Part 1033, which would implement Section 1033 of the Consumer Financial Protection Act of 2010 primarily to require banks and depository institutions – which are referred to as „data providers“ in the draft – to provide consumers and authorized ...
Regulatory Notice 23-18
ID 25591
The Financial Industry Regulatory Authority (FINRA) has published a Regulatory Notice (23-18) in connection with the yearly fees to be paid by member firms. Specifically, FINRA points out that in November 2022, it will issue preliminary statements on the upcoming licensing and branch registration fees for 2024. The preliminary statement will subsequently be replaced with a final statement in January 2024. Firms must pay ...
Burma-related Designations; Counter Narcotics Designations Removals; Issuance of ...
ID 25577
In view of the ongoing situation in Myanmar, the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has taken several initiatives in this context. Specifically, as announced in a recent press release, OFAC has **issued a new [Directive 1 under Executive Order 14014 – Prohibitions Related to Financial Services to or for the Benefit of Myanma Oil and Gas ...
Quantum Computing Has Potential to Reshape Securities Industry, New FINRA Report ...
ID 25571
The Financial Industry Regulatory Authority (FINRA) recently published a report titled „Quantum Computing and the Implications for the Securities Industry“. The report discusses research undertaken by FINRA’s Office of Financial Innovation on the application of quantum computing in the securities market and summarizes key findings in the following areas: – the potential applications for quantum computing that are currently being explored by financial market ...
Fees for Reviews of the Rule Enforcement Programs of Designated Contract Markets ...
ID 25568
On October 30, 2023, the U.S. Commodity Futures Trading Commission (CFTC) published in the Federal Register the fees it will charge to designated contract markets (DCMs or simply authorized commodity exchanges) and the National Futures Association, the association relevant for the oversight of commodity exchange traders, for purposes of overseeing their rule enforcement programs during 2022. The fees are adjusted yearly based upon the ...