Events listed in United States
Iran-related Designations; Non-Proliferation Designations
ID 22389
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. Specifically, the Office added three individuals and four entities to its Specially Designated Nationals and Blocked Persons List (SDN List) pursuant to existing sanction regulations 31 CFR Part 544, 31 CFR Part 561, and Executive Order 13382 for being ...
OCC Conditionally Approves Flagstar Bank, N.A. to Purchase and Assume Deposits of ...
ID 22382
The Office of the Comptroller of the Currency (OCC) has published a press statement to inform that it has approved the acquisition of nearly all deposits and liabilities of Signature Bridge Bank, N.A., New York by Flagstar Bank, N.A., New York, subject to certain conditions. Specifically, in a corresponding approval letter, the OCC informs of the approval of the purchase of loan portfolios worth ...
SEC Office of Municipal Securities Issues FAQs for Registration of Municipal ...
ID 22361
The U.S. Securities and Exchange Commission has published an update to its frequently asked questions (FAQs) as regards the registration and registration requirements of „Municipal Securities Advisors“. Specifically, the Commission has added an entirely new section, section 18 entitled „COMPLETION OF FORM MA, FORM MA-I, AND FORM MA-NR“, with the following questions – as cited: ***Question 18.1: What Constitutes “Prompt” Filing of Required Forms . ...
Coordinated central bank action to enhance the provision of U.S. dollar liquidity
ID 22350
The Board of Governors of the Federal Reserve System (FED) has published a press release to inform that the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Swiss National Bank, and the FED itself have initiated a coordinated effort to increase the supply of U.S. dollar liquidity through existing U.S. dollar swap arrangements. Specifically, to increase ...
CFTC Statement on Swaps Rules Implicated in Recent Bank Failures
ID 22314
On March 16, 2023, the U.S. Commodity Futures Trading Commission (CFTC) published a press statement as regards the application of swap rules and requirements concerning swaps „impacted by the failures of Silicon Valley Bank and Signature Bank“. In its statement, the CFTC notes that it will refrain from enforcing any swap (trading) requirements (e.g. margin or clearing requirements) on swaps that have been ordered ...
Balkans-related Designations; Counter Narcotics Designation
ID 22291
The Office of Foreign Assets Control (OFAC) has published a press release to inform about new sanction measures. Specifically, the Office added three individuals to its ‚Specially Designated Nationals and Blocked Persons List‘ (SDN List) pursuant to existing sanction regulations (Executive Order 14033 and Executive Order 14059) for being involved in political destabilization and corruption in the Western Balkans (former Yugoslavian countries and Albania). ...
SEC Proposes New Requirements to Address Cybersecurity Risks to the U.S. Securities ...
ID 22289
In view of the increasing interconnectedness of financial systems and the increased threat of cyber security attacks not least since the invasion of Ukraine, the U.S. Securities and Exchange Commission (SEC) has published a press release to announce an upcoming consultation on a new rule 10 under 17 CFR Part 242 aimed at implementing (cyber) security management requirements on „broker-dealers, clearing agencies, major security-based ...
Information Notice – 3/15/23
ID 22288
The Financial Industry Regulatory Authority, FINRA, has published on its website an information notice to inform previous FINRA member firms or registered individuals which (a) have de-registered from FINRA within the past two years prior to March 15, 2022 and (b) missed the deadline to sign up for participation in the „Maintaining Qualifications Program (MQP) that they will get another chance for signing up. ...
SEC Reopens Comment Period for Proposed Cybersecurity Risk Management Rules and ...
ID 22287
The U.S. Securities and Exchange Commission, SEC, has published a press release to announce 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 of and the management of cyber security risks and to ...
SEC Proposes to Expand and Update Regulation SCI
ID 22286
In view of the increasing interconnectedness of financial systems and the risks to financial stability, if financial infrastructures are disrupted, the U.S. Securities and Exchange Commission (SEC) has published another press release to announce an upcoming consultation on planned revisions to Regulation SCI (17 CFR Part 242, §242.1000 ff.). Regulation SCI was introduced in 2014 in response to securities markets being increasingly dependent on ...