Events listed in United States
Proposed Agency Information Collection Activities; Comment Request (FED proposes to ...
ID 24894
On September 11, 2023, the Board of Governors of the Federal Reserve System (FED) published in the Federal Register a consultation on a proposed extension – with revisions – of its filing requirement (Form FR 2590) under its „single-counterparty credit limit rule (SCCL rule)“ which sets limits to the level of exposure large domestic and foreign banks can have to another counterparty. Specifically, the ...
OCC Hosts Risk Governance and Capital Markets Workshops in Dallas
ID 24888
The Office of the Comptroller of the Currency (OCC) has published a press statement to announce that it will be hosting two workshops on October 24 and October 25, 2023 in Dallas, Texas, primarily addressed at directors, senior management, and key executives of national community banks and federal savings associations. **The first workshop entitled „Risk Governance: Improving Effectiveness“ takes place on October 24, from ...
Proposed Agency Information Collection Activities; Comment Request (FED proposes to ...
ID 24887
The Board of Governors of the Federal Reserve System (FED) published in the Federal Register its proposal to extend for three years, with revisions, the recordkeeping and disclosure requirements associated with „Regulation R“ which provides exceptions for certain activities conducted by banks from being classified as „broker“ activities under the Securities Exchange Act of 1934. These requirements include, but are not limited to the ...
FinCEN Analysis Reveals Trends and Patterns in Suspicious Activity Potentially Tied ...
ID 24877
The Financial Crimes Enforcement Network (FinCEN) has issued a financial trend analysis on „Trends in Bank Secrecy Act Data: Suspected Evasion of Russian Export Controls“ in Bank Secrecy Act reporting. Therein, FinCEN primarily outlines the findings from an analysis of suspicious activities reports (SARs) filed between June 2022 and July 2023 relating to suspicious transactions involving „suspected evasion of Russian export controls“, taking into ...
Cyber-related Designations
ID 24866
The Office of Foreign Assets Control (OFAC) has published a press release to inform about a new sanction measure. Specifically, the Office added several persons to its Specially Designated Nationals and Blocked Persons List (SDN List) due to being engaged in cyber-related ransomware activity affecting U.S. (critical) infrastructures, including hospitals. The placement is based on existing sanction regulations, namely Executive Order 13694, created by ...
Amended Order Directing the Exchanges and the Financial Industry Regulatory ...
ID 24857
As previously announced by the Securities and Exchange Commission (SEC) (EventID 22867), the Commission has now published in the Federal Register (FR) its order to direct authorized exchanges and FINRA to create a new national market system plan (NMS plan) in accordance with the order to replace three existing plans governing the dissemination of real-time consolidated equity market data. This move follows concerns about ...
Provisions Common to Registered Entities
ID 24854
The Commodity Futures Trading Commission (CFTC) has launched and published in the Federal Register a consultation on proposed rule amendments to its regulations under the Commodity Exchange Act (CEA) to streamline the process by which registered entities submit self-certifications and approval requests for their rules, rule amendments, and new products for trading and clearing. The goal of these proposed amendments is to streamline (simplify) ...
Sudan Designation; Counter Narcotics Designations Removals
ID 24851
The Office of Foreign Assets Control (OFAC) has published a press release to inform about various new sanction measures. Specifically, the Office added one individual to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction provisions under Executive Order 14098 for its engagement in a paramilitary organization in Sudan known for its human rights abuses, violence against women, and ...
SEC Approves Funding Amendment to National Market System Plan Governing the ...
ID 24842
The U.S. Securities and Exchange Commission, SEC, recently issued a press statement in which it announces the approval of an amendment to the National Market System (NMS) Plan for the Consolidated Audit Trail (CAT), introducing a new funding model called the „Executed Share Model“ to recover the costs for maintaining the CAT system. This model establishes a fee schedule for CAT fees for self-regulatory ...
Regulatory Notice 23-15
ID 24834
**In view of the Securities and Exchange Commission’s (SEC) changes to Rule 15c6-1(a) under the Securities Exchange Act of 1934 which involves the shortening of the standard settlement cycle for most broker-dealer transactions from T+2 (two business days after the trade date) to T+1 (one business day after the trade date) effective May 28, 2024, the Financial Industry Regulatory Authority, FINRA, has published a ...