Events listed in United States
Counter Narcotics Designations; Counter Narcotics Designations Removals
ID 24175
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 several individuals and one entity 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 ...
CFTC Staff Extends Temporary No-Action Letter Regarding Certain Financial Reporting ...
ID 24166
The U.S. Commodity Futures Trading Commission (CFTC) has published a press release to announce that its Market Participants Division (MPD) has extended previously granted no-action relief to bank swap dealers (SDs) with respect to certain financial reporting requirements and filing deadlines. The extended relief measures are a consequence of the regulatory reporting requirements of the CFTC that took effect on October 6, 2021, but ...
Treasury Calls for Large Position Reports
ID 24164
The U.S. Department of the Treasury (USDT) has published a press release to request the reporting of „large“ positions on a select U.S. Treasury security. Specifically, the USDT requires positions equal to or exceeding $10.2 billion Par Value as of Friday, April 28, 2023, and Friday, May 5, 2023, of the Treasury Bill of June 8, 2023, CUSIP Number 912796ZP7, to be reported to ...
Self-Regulatory Organizations; Financial Industry Regulatory Authority, Inc.; ...
ID 24157
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 20492 in this context for more information. Specifically, **the Commission announced that it will launch proceedings „to determine whether „to approve or disapprove the proposed rule change, as modified by amendment No. ...
Balkans-related Designation; Russia-related Designation Update
ID 24134
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added one individual to its ‚Specially Designated Nationals and Blocked Persons List‘ (SDN List) pursuant to existing sanction regulations (Executive Order 14033 for being involved in political bribery and corruption in Serbia. The newly designated person is the following: VULIN, Aleksandar, Serbia; DOB ...
Issuance of Venezuela-Related General License 40B; Publication of Hostages and ...
ID 24116
On July 10, 2023, the Office of Foreign Assets Control, OFAC, published a press statement to announce two sanction-related news: (1) Creation of new sanction regulations: OFAC has drawn up new sanctions regulations, 31 CFR Part 526, establishing an entirely new sanctions framework with respect to activities involving hostage taking of individuals and the wrongful detention of persons. The sanction regulations cover a broad ...
CFTC Announces Trade Execution Requirement for Certain SOFR and SONIA OIS
ID 24087
The U.S. Commodity Futures Trading Commission, CFTC, has issued a press release in which it announces the approval of a so-called made-available-to-trade (MAT) determination for several classes of overnight index swaps. This determination subjects affected securities to swap execution requirements on a swap execution facility (SEF) or designated contract market (DCM), preventing any such swaps from being traded bilaterally between counterparties. The affected instruments ...
Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts
ID 24073
As previously announced by the Board of Governors of the Federal Reserve System (FED), the regulator has published in the Federal Register the finalized joint Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts. As noted before, the policy statement was jointly drawn up by the FED itself and several U.S. banking regulators including the Office of the Comptroller of the Currency ...
OFAC to retire PIP, DEL, and SDALL.ZIP file formats of the sanctions list on or ...
ID 24064
The Office of Foreign Assets Control, OFAC, has published a press statement to announce that around August 15, 2023 it will retire several of its sanction list file formats which will no longer be available thereafter. The affected formats are listed in below noted table: Table 1 – File Formats that will be retired OFAC has also announced that this cessation will ...
Reminder to file the 2023 Annual Report of Blocked Property
ID 23996
The Office of Foreign Assets Control (OFAC) issued a press release to remind individuals, firms (including financial institutions), and entities to file the Annual Report of Blocked Property (ARBP). This report must include a list of all blocked property holdings as of June 30, 2023 and be submitted to OFAC by September 30, 2023. Persons, companies, and entities which do not hold blocked property ...