The CFTC adopted amendments to regulations governing (i) real-time public swap reporting and dissemination, (ii) swap data recordkeeping and reporting, and (iii) swap data verification policies and procedures.
The Division of Clearing and Risk and the Division of Swap Dealer and Intermediary Oversight provided relief and guidance concerning the treatment of separate accounts of a single beneficial owner by futures commission merchants.
The DOJ filed a civil forfeiture complaint alleging that North Korean cyber actors stole millions of dollars' worth of cryptocurrency and then laundered the funds through Chinese OTC cryptocurrency traders.
The SEC adopted amendments to the definitions of "accredited investor" and "qualified institutional buyer" under regulations on private placement exemptions and private resales of securities to institutions. The amendments are intended to increase accessibility to private capital markets.
OFAC designated a Chinese company and two individuals to the Specially Designated Nationals and Blocked Persons List. The designations were linked to human rights abuse in the Xinjiang Uyghur Autonomous Region.
The CFTC Market Risk Advisory Committee approved recommendations for the scheduled October 2020 shift to the Secured Overnight Financing Rate for central counterparties discounting and price alignment interest at certain clearinghouses.
The CFTC voted to adopt new rules to address the cross-border application of a number of swaps requirements. The CFTC also withdrew prior "ANE" guidance, issued a related no-action letter and amended a previous order exempting certain SEFs from registration.
A broker-dealer settled FINRA charges for failing to (i) transmit required reportable order events to the Order Audit Trail System and (ii) include complete and accurate information in required quarterly reports.