Events listed in United States
CFTC Staff Announces Revisions to Part 43 Block and Cap Sizes
ID 22855
The U.S. Commodity Futures Trading Commission (CFTC) has published a press statement to announce that is has published new minimum block sizes and cap sizes for swap transactions pursuant to CFTC regulations 17 CFR Part 43, 43.6(g) and 43.4(h), respectively. The new thresholds will be applicable from December 4, 2023 which is also the final date when the no-action relief (CFTC Staff Letter 22-03) ...
Iran-related Designations and Designation Update; Non-Proliferation Designations ...
ID 22837
On April 19, 2023, the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury (USDT) published a press release to announce several new measures in relation to U.S. sanctions. Specifically, the Office (1) issued new General License 5K (superseding General License 5J) in connection with Venezuela related sanctions (31 CFR Part 591). Specifically, the license authorizes transactions (financing, dealing, trading) ...
Counter Terrorism Designations and Designation Removal
ID 22807
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. In a first action, the Office added over 50 individuals and entities to its Specially Designated Nationals and Blocked Persons List (SDN List) for being involved in the financing or facilitation of terrorist activities, sanction evasion, and / or international money laundering pursuant to [Executive Order ...
Publication of Alert on Possible Evasion of the Russian Oil Price Cap
ID 22801
The Office of Foreign Assets Control of the U.S. Department of the Treasury has published an alert on possible sanction evasion activities as regards the Russian Oil Price Cap. The alert which is primarily addressed at commodity brokers and traders and at ship owners, indemnity clubs (mutual insurance associations), and flagging registries, calls attention to some practices that may indicate sanction evasion attempts of ...
SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and ...
ID 22791
The U.S. Securities and Exchange Commission, SEC, has published a press statement to announce the upcoming reopening of the comment period as regards its consultation on rule ATS (Alternative Trading Systems) modifications. Specifically, it will reopen the comment period for another 30 days on proposed modifications to rule ATS to bring „communication protocol systems“ that trade U.S. Treasuries and other (government) securities under the ...
CFTC and Bank of England Announce Joint Statement on the Supervision of ...
ID 22788
The U.S. Commodity Futures Trading Commission (CFTC) has published a press statement to inform that the Commission itself and the Bank of England (BoE) – each responsible for the supervision of central counterparties (CCPs) – have committed to further strengthen „their commitment to close cooperation and mutual understandings on the supervision“ of CCPs operating cross-border. This commitment follows the signing of a corresponding [*Memorandum ...
Counter Narcotics Designations; Russia-related Designations Updates
ID 22787
The Office of Foreign Assets Control, OFAC, has published a press statement to announce new sanction measures based on Executive Order 14059 (engagement in the production and distribution of illicit drugs). The following individuals and entities have been added to OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List) and are now subject to asset freezing measures: RUBIO ZEA, Ana Gabriela, Guatemala; ...
Federal Reserve Board announces its approval for UBS Group AG to acquire the U.S. ...
ID 22776
The Board of Governors of the Federal Reserve System (FED) has published a press release to inform that it has approved the acquisition of the U.S. subsidiaries of Credit Suisse Group AG by UBS AG. Specifically, the FED approved the purchase of all voting shares of Credit Suisse Holdings (USA), Inc. (CSHUSA). This approval is required for companies exceeding certain thresholds. Additionally, the FED ...
Derivatives Clearing Organization Risk Management Regulations To Account for the ...
ID 22775
Following the announcement of a proposed rule amendment to 17 CFR Part 39, §39.13 to implement previously issued no-action relief as regards the „Treatment of Separate Accounts of a Single Customer by Clearing Members“ with respect to initial margin withdrawals (§39.13 (g) 8 iii), the U.S. Commodity Futures Trading Commission, CFTC, has now published its proposal in the Federal Register. To recall, currently, the ...
Home Mortgage Disclosure Act: FFIEC’s 2023 ‘A Guide to HMDA Reporting: Getting It ...
ID 22772
The Office of the Comptroller of the Currency (OCC) has published revised guidelines in connection with the Home Mortgage Disclosure Act (HMDA) reporting requirements of institutions providing home mortgage loans. The revisions reflect amendments to the HMDA resulting from threshold amendments in Regulation C (closed-end mortgage loans data reporting) which were required by a Federal Court decision in 2022 (please see Event ID 19046 ...