Fixed Income Clearing Corporation settled SEC charges for (i) having inadequate procedures to determine whether the clearing corporation held "sufficient qualifying liquid resources" and (ii) failing to review on at least a monthly basis "risk-based margin models and parameters."
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The Cabinet Regulatory Tracker is a list of effective dates, comment deadlines, compliance dates and expiration dates.
NFA extended its initial margin model approval to include security-based swaps, beginning November 1, 2021, subject to certain conditions.
The SEC took a number of actions to address substituted compliance determinations for security-based swap dealers, including (i) amending orders previously granted covering Germany, France and the United Kingdom, and (ii) adopting an additional determination for Spain.
The U.S. House Financial Services Committee passed the "Financial Exploitation Prevention Act of 2021," a bill which would allow an investment company to postpone the redemption of securities when it suspects possible financial exploitation of a specified adult.