In a new FAQ, OFAC clarified that U.S. persons are not required to divest their holdings in the publicly traded securities of identified Communist Chinese military companies by January 11, 2021.
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The OCC clarified that banks may serve as participants in Independent Node Verification Networks and use related stablecoin transactions to conduct payment activities.
In Kravitz v. Samson Energy Co., the United States Bankruptcy Court District of Delaware held that, if a debtor qualifies as a financial participant, then transfers by a debtor in connection with a safe harbor-protected securities contract may be protected from avoidance, even if the recipient/transferee does not qualify as a financial participant.
The CFTC Division of Clearing and Risk provided temporary no-action relief to derivatives clearing organizations from recently amended daily reporting requirements "on initial margin, variation margin, cash flow, and position information by individual customer account."
The CFTC Market Participants Division provided temporary no-action relief to permit futures commission merchants to invest customer funds in certain securities containing an adjustable interest rate that is benchmarked to the Secured Overnight Financing Rate.