The staff of the SEC Division of Investment Management withdrew 2010 guidance which reviewed the permissibility of an SEC-registered, closed-end fund determining to opt in to a control share acquisition statute authorized under state law.
The Fed, the FDIC and the OCC modified the liquidity coverage ratio rule to eliminate the effects on banking organizations for participating in the Money Market Mutual Fund Liquidity Facility and the Paycheck Protection Program Liquidity Facility.
A Federal Reserve Board interim final rule temporarily amending the calculation of total leverage exposure within the supplementary leverage ratio of the FRB regulatory capital rule was published in the Federal Register.
The SEC Division of Corporation Finance and Division of Investment Management provided guidance for market participants affected by COVID-19 who may have difficulties complying with federal proxy rules.
SEC Commissioner Allison Lee advocated for better disclosure on climate risk. She also weighed-in on proposed advertising rules for investment advisers and criticized proposed reforms to rules for proxy advisors.
The Federal Reserve Board final rule tailoring the application of prudential standards to U.S. bank holding companies and applying enhanced standards to certain large savings and loan holding companies was published in the Federal Register.
The Federal Reserve Board, FDIC and OCC joint final rule to tailor the application of the agencies' capital and liquidity rules to large U.S. banking organizations was published in the Federal Register.
The Federal Reserve Board finalized rules that will tailor the application of prudential standards to U.S. bank holding companies and apply enhanced standards to certain large savings and loan holding companies.