Events listed in United States
Issuance of Russia-related General License
ID 23136
The Office of Foreign Assets Control, OFAC, has issued a new General License (GL 8G) to permit otherwise prohibited financial transactions due to sanction measures imposed on the Russian Federation pursuant to Executive Order 14014. Specifically, GL 8G permits energy-related financial transactions involving the following entities: (1) State Corporation Bank for Development and Foreign Economic Affairs Vnesheconombank; (2) Public Joint Stock Company Bank Financial ...
Issuance of Executive Order Imposing Sanctions on Certain Persons Destabilizing ...
ID 23112
The Office of Foreign Assets Control, OFAC, has published a press statement to announce the issuance of a new Executive Order (E.O.) on „Imposing Sanctions on Certain Persons Destabilizing Sudan and Undermining the Goal of a Democratic Transition“ by President Joseph Biden. The issuance follows weeks of violence in the Sudan and the killing of hundreds of civilians, causing a hardly ever seen before ...
FINRA Publishes 2023 Industry Snapshot
ID 23111
The Financial Industry Regulatory Authority (FINRA) has published its 2023 annual Industry Snapshot covering the business year 2022. Therein, FINRA presents key statistical data on regulated market participants and their activities. This latest edition includes a wide range of aggregate industry data ranging from the size and geographic distribution of the firms FINRA supervises, to the number of individuals operating and licensed in the ...
SEC Adopts Amendments to Modernize Share Repurchase Disclosure
ID 23099
Following a corresponding consultation in January 2022, the U.S. Securities and Exchange Commission, SEC, has published a press statement to inform that it has finalized the proposed amendments to the disclosure requirements of issuers, including foreign ones and closed-end funds, pertaining to repurchases of shares. To recall, the objective of the Commission was to increase issuer transparency, facilitate supervision of such, foster investor protection, ...
SEC Adopts Amendments to Enhance Private Fund Reporting
ID 23090
Following a corresponding consultation in February 2022, the U.S. Securities and Exchange Commission, SEC, has now published its final rule amendments to Statutory Instruments 17 CFR Parts 275 and 279 both relating to regulations under the Investment Advisers Act of 1940 to enhance the reporting requirements of large advisers to hedge funds and all fund advisers to private equity funds. The objective of the ...
Quarterly Refunding Statement of Assistant Secretary for Financial Markets Josh ...
ID 23089
On May 3, 2023, the U.S. Department of the Treasury (USDT) published a press statement announcing various information as regards the USDT’s proposed debt issuance schedule, an upcoming Large Position Report call, and an upcoming free workshop concerning the rules pertaining to large position reporting. Details may be found below: To begin with, the Department published its anticipated government bonds and bill auction schedule ...
Counter Terrorism Designations
ID 23079
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added two individuals to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (31 CFR Part 594 and Executive Order 13224) for their engagement in the facilitation of financial activities for two Syria-based terrorist organizations. The following ...
Regulatory Notice 23-07
ID 23074
Following a corresponding consultation in 2022, the Financial Industry Regulatory Authority, FINRA, has now published on its website its final rule amendment to FINRA Rule 8312 as regards disclosures on BrokerCheck®. BrokerCheck® is FINRA’s online tool to research the background and experience of financial brokers, advisers, and firms that are members of FINRA. Specifically, FINRA is now extending the disclosures made on BrokerCheck® to ...
US Treasury and Monetary Authority of Singapore Conduct Joint Exercise to ...
ID 23058
The U.S. Department of the Treasury, USDT, has published a statement to inform that it has conducted a joint cross-border cybersecurity exercise from April 25, 2023 to April 27, 2023 together with the Monetary Authority of Singapore, MAS. The exercise tested the cybersecurity incidence response mechanism for information exchange that was put in place following the signing of a corresponding Memorandum of Understanding (MoU) ...
Issuance of Venezuela-related General License; Publication of New and Amended ...
ID 23057
The Office of Foreign Assets Control, OFAC, has published a press release to inform of the issuance of a new general license and various new or amended frequently asked questions (FAQs) in relation to Venezuela-related sanctions measures pursuant to Statutory Instrument 31 CFR Part 591. Specifically, OFAC has issued new General License 42 to permit otherwise prohibited transactions pursuant to above noted Instrument that ...