Reg Tracker: May 1 through May 15
The Cabinet Regulatory Tracker provides a list of significant comment deadlines and effective dates. Click on the links below to view deadlines from May 1 to May 15.
Comment Deadlines
May 2: FINRA amendments to establish margin requirements for covered agency transactions.
May 2: SEC and FDIC joint proposed rule to implement provisions applicable to the orderly liquidation of covered brokers and dealers under Title II of the Dodd-Frank Act.
May 6: FINRA proposed rule change to adopt FINRA Capital Acquisition broker rules.
May 8: Department of the Treasury interim rule implementing the Capital Magnet Fund, administered by the Community Development Financial Institutions Fund.
May 9: FinCEN proposal to revise the regulations implementing the Bank Secrecy Act regarding Reports of Foreign Bank and Financial Accounts.
May 13: Board of Governors of the Federal Reserve System proposal of technical revisions to rules that require global systemically important bank holding companies to hold additional amounts of risk-based capital.
Effective Dates
May 6: MSRB amendments to Rule G-20 to address improprieties and conflicts that may arise when municipal advisors and/or their associated persons give gifts or gratuities to employees who may influence the award of municipal advisory business. Additionally, amendments to Rule G-8 to extend to municipal advisors the recordkeeping requirements related to Rule G–20 that currently apply to dealers, among other amendments.
May 13: National Credit Union Administration final amendments to modernize the regulatory requirements that govern credit union commercial lending activities by replacing the current rule's prescriptive requirements and limitations, such as (i) collateral and security requirements, (ii) equity requirements, and (iii) loan limits, with a broad principles-based regulatory approach.
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