NFA instructed futures commission merchants and introducing brokers to revise their AML programs to reflect the updated Financial Action Task Force list of jurisdictions with strategic AML and Combating the Financing of Terrorism deficiencies.
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SEC Acting Chair Allison Herren Lee described changes to the proxy voting disclosure framework necessary to keep pace with the "transformation" of investor preferences.
SEC Commissioner Hester Peirce emphasized the need for the SEC to provide increased regulatory clarity with regard to Bitcoin exchange-traded products and custodial services for digital assets.
CFTC Acting Chair Rostin Behnam established an interdivisional Climate Risk Unit. Participating staff from across CFTC operations will focus "on the role of derivatives in understanding, pricing, and addressing climate-related risk and transitioning to a low-carbon economy."
In a second hearing on the subject, the U.S. House Financial Services Committee considered reform recommendations from capital market experts on regulatory questions arising from the GameStop trading event.