Events listed in United States
SEC Division of Examinations Announces 2024 Priorities
ID 25338
The U.S. Securities and Exchange Commission’s Division of Examinations has published its key priorities regarding the examination of SEC supervised firms in 2024. Although the document covers a large range of entities under the SEC’s remit, the following text provides a brief summary of priorities concerning investment advisers, investment companies, and broker-dealers only. For examination priorities regarding other firms such as securities exchanges or ...
Registration for Index-Linked Annuities; Amendments to Form N-4 for Index-Linked ...
ID 25334
As previously announced on September 29, 2023 (EventID 23289), the U.S. Securities and Exchange Commission, SEC, has now published in the Federal Register its consultation on proposed amendments in connection with the registration of index-linked annuities (RILAs). RILAs are annuities that typically provide some principal protection while offering the potential for growth tied to the performance of a stock market index. As RILAs can ...
SEC Adopts Rule to Increase Transparency in the Securities Lending Market
ID 25332
Following a corresponding consultation in November 2021 (EventID 13225), the U.S. Securities and Exchange Commission (SEC) has now published its final rule as regards the reporting of security lending transactions to a registered national securities association (RNSA), with the Financial Industry Regulatory Authority (FINRA) currently being the only RNSA in the United States. #### Background To recall, in an effort to bring about more ...
SEC Adopts Rule to Increase Transparency Into Short Selling and Amendment to CAT ...
ID 25330
The U.S. Securities and Exchange Commission (SEC) has published a press statement to inform of the finalization of new rules regarding short sales reporting – particularly of institutional fund managers – and new rules regarding certain data submissions and recordkeeping of broker-dealers in the context of short sales activities. The final rules follow a corresponding consultation in 2022 (EventID 14622), and will – so ...
Price Cap Coalition Advisory for the Maritime Oil Industry and Related Sectors
ID 25311
The U.S. Department of the Treasury has published an advisory drawn up by the Price Cap Coalition (see comment box below) which contains best practices for the maritime oil industry in response to recent developments as regards activities to evade the price cap restrictions for the transport of cruide oil of Russian origin. Specifically, perpetrators have altered trade routes, engaged numerous different shipping service ...
Russia-related Designations; Publication of Maritime Oil Industry Advisory; ...
ID 25302
The Office of Foreign Assets Control (OFAC) has published a new press statement to inform about new sanction measures. Specifically, the Office added two entities and two vessels to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to Executive Order 14024 which was signed by President Joseph Biden in 2021 and subsequently amended to install sanction measures for engagements in or ...
Treasury Seeks Public Input on Draft OECD/G20 Inclusive Framework Pillar One ...
ID 25288
The U.S. Department of the Treasury has issued a press statement in which it requests public input on the draft OECD/G20 Inclusive Framework Multilateral Convention for implementing Pillar One – Amount A of the international tax reform. Pillar One is part of a broader effort to address taxation challenges arising from digitalization and to prevent base erosion and profit shifting (BEPS) among large multinational ...
Investment Company Names
ID 25286
Following a corresponding consultation in May 2022 (EventID 15777) and a previous announcement of a final rule relating to the naming of investment funds (EventID 23087), the Securities and Exchange Commission has published this final rule in the Federal Register. In it, the SEC describes the feedback it has received to its consultation and stipulates the final provisions as they will come into force ...
Guidelines Establishing Standards for Corporate Governance and Risk Management for ...
ID 25281
The Federal Deposit Insurance Corporation, FDIC, has launched a consultation on proposed new guidelines which would establish standards for corporate governance and risk management of covered institutions with $10 billion or more in total consolidated assets. The guidelines would be introduced as new Appendix C of the FDIC’s safety and soundness regulations under Statutory Instrument 12 CFR Part 364 and would have the power ...
SEC Adopts Amendments to Rules Governing Beneficial Ownership Reporting
ID 25266
Over a year and a half following a corresponding consultation on the issue (EventID 14575), the U.S. Securities and Exchange Commission (SEC) has published its final rule relating to changes to the beneficial ownership reporting requirements of firms and individuals holding 5% or more of U.S. securities. The final rule thereby outlines the feedback the Commission has received to its consultation and presents the ...