The SEC adopted a regulatory framework for fund valuation practices which clarifies how a fund's Board of Directors can satisfy obligations concerning fair value determination.
Treasury Secretary Steven Mnuchin and Federal Reserve Board Chair Jerome Powell testified before the House Financial Services Committee on emergency lending programs established under the CARES Act.
A broker-dealer settled FINRA charges for failing to conduct sufficient annual independent testing of its anti-money laundering compliance program three times over the course of a five-year period.
At an Asset Management Advisory Committee meeting, SEC officials considered a subcommittee's proposed recommendations on environmental, social, and governance disclosure.
NFA proposed a new interpretive notice that would require swap dealers and major swap participants to establish a supervisory program for the use of marketing materials.
The CFPB issued a no-action letter to Upstart Network, Inc., stating the agency would not take supervisory or enforcement action against the online lending platform in connection with an artificial intelligence-driven underwriting model.
The New York State Investor Protection Bureau finalized two rules that will modernize registration and filing requirements by transitioning filings and payments to standardized national systems.
FINRA proposed a rule change that would extend the expiration date for temporary amendments that (i) allow virtual hearings and (ii) provide relief to FINRA staff from certain enforcement and procedural requirements.
A joint Federal Reserve Board, OCC and FDIC interim final rule went into effect relieving community banks impacted by COVID-19 policy responses from the regulatory requirements applicable to institutions with over $10 billion in assets.
The North American Securities Administrators Association adopted a model rule for implementing a continuing education program for investment adviser representatives.
In testimony before the Senate Banking Committee, Federal Reserve Board Chair Jerome H. Powell described the impact of the COVID-19-related lending facilities and economic stimulus plans under the CARES Act.
The CFTC Division of Market Oversight extended the no-action relief provided to swap execution facilities for filing annual compliance reports to November 30, 2021.
ICE Benchmark Administration announced a consultation on its intention to cease publishing USD LIBOR after (1) in the case of 1-week and 2-month LIBOR, on December 31, 2021; and (2) in the case of overnight, 1-, 3-, 6- and 12-month LIBOR, on June 30, 2023.
OFAC designated the China National Electronic Import-Export Company to the Specially Designated Nationals and Blocked Persons List for the company's role in undermining Venezuelan democracy.
The CFTC and the Italian Companies and Exchange Commission entered into a Memorandum of Understanding concerning the supervision and oversight of derivatives-related activities between the United States and Italy.
CFTC amendments to swap clearing exemptions, including expanded exemptions for sovereign entities and small banking entities, were published in the Federal Register.
The SEC proposed amendments that would expand exemptions from registration related to securities issued by non-reporting companies for certain compensation plans.
