FinCEN issued a request for information seeking feedback on ways to "streamline, modernize, and update" anti-money laundering and countering the financing of terrorism regulations and guidance under the Bank Secrecy Act.
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The SEC proposed three new rules relating to security-based swaps: (1) an anti-fraud rule, (2) a rule to require reporting of large positions in security-based swaps, and (3) a rule prohibiting personnel of an SBS entity from taking any action to improperly interfere with the SBS entity's CCO in the performance of such persons duties.
ISDA identified key issues regarding the current derivatives contractual framework in the hopes of developing a global standard for the quickly growing digital asset market.
The SEC proposed amendments to enhance share repurchase disclosure regulations that would require (i) issuers to provide more comprehensive disclosures on a new Form SR regarding each day that an issuer, or affiliated purchaser, makes a share repurchase and (ii) more frequent disclosures of share repurchases.
The SEC proposed amendments to Investment Company Act requirements applicable to money market funds. The requirements are generally aimed at preventing a run on money market funds during a time of financial crisis.