Events listed in United States
Federal Reserve Board finalizes a rule establishing capital requirements for ...
ID 25246
Following a corresponding consultation launched in October 2019 (please see EventID 4264 in this context for detailed information), the Board of Governors of the Federal Reserve System (FED) has announced its final rule with respect to the capital requirements for Depository Institution Holding Companies (DIHCs) significantly engaged in insurance activities. These institutions are currently exempt from capital requirements which is why new rules were ...
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; Order ...
ID 25215
The U.S. Securities and Exchange Commission (SEC) has published in the Federal Register a notice relating to a proposed rule amendment by the Financial Industry Regulatory Authority (FINRA) – please see EventID #21988 in this context for more information. Specifically, the Commission announced that it is launching proceedings to determine „whether to approve or disapprove a proposed rule change to provide relief relating to ...
Counter Narcotics Designations
ID 25198
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office announced that it has added 14 individuals and 14 entities to its Specially Designated Nationals and Blocked Persons List (SDN List) for being engaged in or supporting the trafficking of fentanyl and other illegal drugs pursuant to Executive Order 14059. The affected parties ...
FINRA’s Maintaining Qualifications Program Second Enrollment Period Open Through ...
ID 25189
As previously announced (EventID 20218), the Financial Industry Regulatory Authority, FINRA, has published a press release to inform previous FINRA member firms or registered individuals which (a) have de-registered from FINRA within the past two years prior to March 15, 2022 and (b) missed the deadline to sign up for participation in the „Maintaining Qualifications Program (MQP) that they may now enroll in the ...
Federal Reserve Board launches Instagram and Threads accounts with the aim of ...
ID 25185
On October 2, 2023, the Board of Governors of the Federal Reserve System published a press release to inform that it has launched new Instagram and Threads accounts to enhance the accessibility of its news. While the Instagram account will primarily feature educational content, including photos, videos, FAQs, and economic education material, Threads will focus on sharing press releases, speeches, reports, and other content ...
CFTC Approves Proposed Rule Regarding Exemptions from Certain Compliance ...
ID 25178
The U.S. Commodity Futures Trading Commission, CFTC, recently announced an upcoming consultation on revisions to its Rule § 4.7 under 17 CFR Part 4 which specifies exemptions from regulatory requirements for commodity pool operators (CPOs) and for commodity trading advisors (CTAs) when offering services to or advising qualified eligible persons (QEPs). According to the rule as set out in the early 90’s, QEPs are deemed ...
Joint Statement on the U.S.-UK Financial Regulatory Working Group
ID 25172
The U.S. Department of the Treasury, USDT, has published a press release informing about the latest UK- U.S. Financial Regulatory Working Group meeting. The session- which was attended by persons representing the Bank of England, the Financial Conduct Authority, and the HM Treasury on the part of UK regulators and by representatives of the USDT, the Office of the Comptroller of the Currency, the ...
SEC, MSRB, FINRA to Hold Virtual Compliance Outreach Program
ID 25163
The Securities and Exchange Commission (SEC), Municipal Securities Rulemaking Board (MSRB), and Financial Industry Regulatory Authority (FINRA) have jointly announced the registration opening for an upcoming virtual Compliance Outreach Program intended for professionals in the municipal securities market. This online event is scheduled for December 7, 2023, running from 10:30 a.m. to 4:30 p.m. Eastern Time. The primary purpose of the event is to ...
SEC Proposes Tailored Registration Form for Offerings of Registered Index-Linked ...
ID 25152
The U.S. Securities and Exchange Commission, SEC, has published a press statement to inform of an upcoming consultation in connection with offerings of registered 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 have various forms and designs, for instance with caps on ...
CFTC Vacates SEF Registration of SwapEx LLC
ID 25149
The U.S. Commodity Futures Trading Commission (CFTC) published a news release to inform market participants of the withdrawal of registration of SwapEx LLC as a swap execution facility (SEF). The „exchange“ used to provide a platform for trading commodity derivatives products, including interest rate swaps. The request by the SEF for discontinuance, which was submitted to the CFTC on June 16, 2023, was approved ...