Events listed in United States
Proposed Agency Information Collection Activities; Comment Request (FED proposes to ...
ID 22521
On March 28, 2023, the Board of Governors of the Federal Reserve System (FED) published in the Federal Register a proposal to extend for three years, with revisions, the collection of all FR Y-9 reports. The reports must be filed by bank holding companies, certain savings and loan holding companies, all securities holding companies, and U.S. intermediate holding companies and include the following: – ...
Counter Terrorism Designations; Syria Designations
ID 22516
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added six individuals and two entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations (31 CFR Part 594, Executive Order 13224, Executive Order 13572) for their support of the Assad regime in Syria and / ...
Regulatory Notice 23-05
ID 22515
The Financial Industry Regulatory Authority, FINRA, has published a new Regulatory Notice (23-05) in which it specifies the final changes to its „Research Analyst (Series 86/87) Exam Program“. These changes will apply from May 15, 2023 and were previously sent to the Securities and Exchange Commission (SEC) for final approval. To recall, FINRA Rule 1220 requires associated persons providing investment research and those who ...
Regulatory Notice 23-06
ID 22511
The Financial Industry Regulatory Authority (FINRA) has published a new regulatory notice (23-06) addressed at broker-dealers in connection with potential securities fraud involving the transfer of customer security accounts via ACATS (Automated Customer Account Transfer Service). ACATS is an automated system run by the National Securities Clearing Corporation (NSCC) to facilitate „the transfer of customer account assets from one firm to another“. The notice ...
Belarus Sanctions Regulations
ID 22487
The Office of Foreign Assets Control, OFAC, has published in the Federal Register a new regulation which entirely replaces Statutory Instrument 31 CFR Part 548, a sanctions regulation to set out the legal framework for sanctioning Belarus and Belarus entities and persons that pose a threat on the U.S. economy, U.S. people, and the country as a whole. The reissued Statutory Instrument includes additional ...
Burma-related Designations; Belarus Designations and Designation Update; ...
ID 22475
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction-related measures. Specifically, the Office 1. added several individuals, entities, and one aircraft to its Specially Designated Nationals and Blocked Persons List (SDN List) due to their connection to the Burma military regime pursuant to Executive Order 14014 and / or due to their support of the Belarus ...
FinCEN Issues Initial Beneficial Ownership Information Reporting Guidance
ID 22471
In view of the coming into force of the beneficial ownership reporting obligation of firms operating in the U.S. on January 1, 2024 (please see EventID 17480 for a detailed description of the upcoming requirements), the Financial Crimes Enforcement Network (FinCEN) has published several documents and even two videos to support firms in their compliance with the new reporting and notification requirements. Specifically, FinCEN ...
Department of Labor will reopen comment period on proposed amendment to Qualified ...
ID 22437
The Employee Benefits Security Administration (EBSA) has published a press statement to announce that it is reopening its comment period on proposed amendments to the Qualified Professional Asset Managers (QPAM) exemption – the so-called transaction class exemption 84-14 – up to April 6, 2023. To recall the exemption provides relief to QPAMs from certain transactions that would otherwise be prohibited under the ERISA, the ...
SEC Proposes to Modernize the Submission of Certain Forms, Filings, and Materials ...
ID 22425
The U.S. Securities and Exchange Commission, SEC, has published a press statement to announce that it is proposing to update its filing and posting requirements regarding various forms, submissions, and disclosures of national securities exchanges, national securities associations, clearing agencies, broker-dealers, security-based swap dealers, and major security-based swap participants in accordance with the Financial Data Transparency Act of 2022 which obliges financial reg ...
Cybersecurity Risk Management for Investment Advisers, Registered Investment ...
ID 22407
Following a corresponding announcement earlier this month, the U.S. Securities and Exchange Commission, SEC, has now published in the Federal Register its notice on the re-opening of the comment period on its consultation concerning the management and disclosure of cyber security risks and incidents of investment funds and their managers (advisers). To recall, in its corresponding consultation the Commission sought to enhance the awareness ...