Events listed in United States
SEC Adopts Rules to Prevent Fraud in Connection with Security-Based Swaps ...
ID 23615
The Securities and Exchange Commission (SEC) has published a press statement to announce the finalization of new regulations to implement anti-fraud and anti-manipulation rules regarding security-based swap (SBS) transactions and to implement rules that prohibit interference with the business of Chief Compliance Officers (CCOs) at SBS entities. Specifically, revised Rule § 240.9j-1 in brief stipulates that 1. it is illegal for anyone to engage ...
CFTC Approves Final Governance Rule, Two Proposals and Other Business at the ...
ID 23614
The US Commodity Futures Trading Commission (CFTC) has published the outcome of its most recent open meeting on June 7, 2023. Specifically, the Commission approved one final rule, two proposed rules, and a notice of proposed comparability determination as briefly described below: #### Final rule as regards governance requirements of derivatives clearing organizations (DCOs) Following a corresponding consultation in July 2022, the CFTC has ...
SEC, NASAA, FINRA to Co-Host Webinar on Identifying and Reporting Suspected Senior ...
ID 23613
In view of the upcoming World Elder Abuse Awareness Day, the Securities and Exchange Commission (SEC), the North American Securities Administrators Association (NASAA) and the Financial Industry Regulatory Authority (FINRA) will be co-hosting a new Senior Safe Act Webinar: Identifying and Reporting Suspected Exploitation. The webinar will take place on June 15, 2023, between 4:00 p.m. and 5:00 p.m. Eastern Time (ET), and will ...
OCC Hosts Risk Governance and Capital Markets Workshops in Denver
ID 23612
The Office of the Comptroller of the Currency (OCC) has published a [press statement]() to announce that it will be hosting two workshops on July 11 and July 12, 2023 in Denver, Colorado, 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 July 11, from ...
SEC Adopts Amendments to Remove References to Credit Ratings From Regulation M
ID 23610
The U.S. Securities and Exchange Commission, SEC, has announced its final rules amendments as regards the removal of the reference to credit rating requirements in Rules 101 and 102 of Regulation M under the Securities Exchange Act of 1934 following a corresponding consultation in April 2022. To recall, Rules 101 and 102 of Regulation M stipulate provisions to prohibit the engagement in securities offerings ...
SR 23-4
ID 23609
In view of the publication of U.S. banking regulators‘ joint Interagency Guidance on Third-Party Relationships: Risk Management (please see Event ID 21424 in this context), the Board of Governors of the Federal Reserve System (FED) has published a corresponding Supervision and Regulation Letter (SR 23-4). The letter briefly informs of the key purpose of the new guidance which is to aid banking organizations in ...
Agencies issue final guidance on third-party risk management
ID 23601
The Board of Governors of the Federal Reserve System (FED) has published a press statement to announce that the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the FED itself have finalized their [Interagency Guidance on Third-Party Relationships: Risk Management](https://www.federalreserve.gov/newsevents/pressreleases/files/bcreg20230606a2.pdf). The guidance is addressed at supervised institutions seeking to outsource sp ...
Iran-related Designations; Non-Proliferation Designations; Counter Narcotics ...
ID 23588
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures in connection with sanctions imposed on Iran and in relation to narcotics and arms trafficking. Specifically, the Office added numerous individuals and entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to Executive Order 13382, Executive Order 14059, and various sanction regulations ...
CFTC Approves Cboe Clear Digital, LLC to Clear Margined Digital Asset Futures
ID 23573
The U.S. Commodity Futures Trading Commission (CFTC) has published a press statement to announce that it has given its approval for Cboe Clear Digital, LLC to expand its services as a derivatives clearing organization (DCO) under the Commodity Exchange Act. In its corresponding Amendment Order, the CFTC states that **Cboe Clear Digital, LLC will be permitted to „provide clearing services for digital asset futures ...
Russia-related Designations
ID 23570
The Office of Foreign Assets Control (OFAC) has published a press statement to inform about new sanction measures. Specifically, the Office added several individuals and one entity 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 being ...