Events listed in United States
SR 23-11
ID 26482
In view of the finalization of the „access rule“ as regards access to FinCEN’s database on beneficial ownership information (BOI) (EventID 24631), several U.S. banking regulators, including the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, and the Office of the Comptroller of the Currency, as well as FinCEN itself have published a joint ...
Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold
ID 26477
The Bureau of Consumer Financial Protection has published in the Federal Register the asset size threshold adjustment outlined in regulation C with regard to loan data reporting requirements of financial institutions. In detail, (foreign) banks, savings associations, and credit unions must usually collect „data about their housing related lending activity“ if (a) they are located in metropolitan areas and (b) their total assets at ...
Fact Sheet: Beneficial Ownership Information Access and Safeguards Final Rule
ID 26466
In view of the finalization of the „access rule“ as regards access to FinCEN’s database on beneficial ownership information (BOI) (EventID 24631), the Financial Crimes Enforcement Network has published a corresponding fact sheet. The fact sheet outlines the key provisions of the final rule with respect to the following: (1) the background of the final rule and the regulatory framework; (2) recipients that will ...
Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold
ID 26455
The Bureau of Consumer Financial Protection has announced in the Federal Register the threshold adjustment outlined in regulation Z with regard to the establishment of mandatory escrow accounts for higher priced mortgage loans. In detail, creditors must establish an escrow account to set aside money for insurance premiums and property tax payments for higher priced mortgage loans, if their total assets at year end ...
Publication of Updated Guidance on Implementation of the Price Cap Policy for Crude ...
ID 26429
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 various entities and one vessel to its Specially Designated Nationals and Blocked Persons List (SDN List) due to their involvement in the circumvention of the Russian oil price cap; – issued two new general licenses in relation ...
Registration under 1933 act of securities of unit investment trusts registered on ...
ID 26413
The U.S. Securities and Exchange Commission (SEC) has published new Form S-6 – the „facing sheet“ which will be valid through June 30, 2026 unless otherwise modified before. The form – in general – must be filed by unit investment trusts (UITs) or their underwriters, if they intend to offer and sell securities to the public and seeks information on a trust’s portfolio management ...
Monthly Portfolio Investments Report (PDF)
ID 26411
The U.S. Securities and Exchange Commission (SEC) has published new Form N-PORT which will be valid through January 31, 2025 unless otherwise modified before. The form must be filed by certain registered investment companies, including mutual funds, exchange-traded funds (ETFs), and closed-end funds to report information about a fund’s portfolio holdings as of the end of each calendar quarter. The purpose of Form N-PORT ...
Community Reinvestment Act Regulations Asset-Size Thresholds
ID 26409
As previously announced by the Office of the Comptroller of the Currency (EventID 24582), the Board of Governors of the Federal Reserve System (FED) and the Federal Deposit Insurance Corporation (FDIC) have now published in the Federal Register the yearly adjustment of the asset size thresholds to be classified as „small“ and „intermediate small“ institutions for 2024**. These categories are used (a) by regulatory ...
Treasury Announces Entry into Force of Income Tax Treaty with Chile
ID 26388
On December 19, 2023, the U.S. Department of the Treasury announced the official implementation of a „new“ income tax treaty between the United States and Chile. This is the first bilateral tax agreement between the United States and any country to become effective in over a decade and only the second one in force with a South American nation. The U.S. Senate approved the ...
Treasury Publishes Public Input on Draft OECD/G20 Inclusive Framework Pillar One ...
ID 26384
The U.S. Department of the Treasury (USDT) has issued a press statement in which it confirms the conclusion of the comment period as regards its request for public input on the draft OECD/G20 Inclusive Framework Multilateral Convention for implementing Pillar One – Amount A of the international tax reform. Specifically, the USDT sought input on the draft to ensure taxation transparency, address unclear issues, ...