SIFMA requested that FINRA allow member firms to rely on remote branch inspection programs for the duration of the COVID-19 pandemic.
News & Insights
ISDA published its first "Risk Free Rates Adoption Monthly Indicator." The new report tracks how much trading activity is being conducted "in cleared over-the-counter and exchange-traded interest rate derivatives that reference the identified risk-free rates in six major currencies."
The Federal Reserve Board provided a three-month extension for its COVID-19 related lending facilities scheduled to "expire on or around" September 30, 2020.
Technical corrections to an SEC final rule and form amendments affecting business development companies (each, a type of closed-end investment company that is not registered, or "BDC") and registered closed-end investment companies were published in the Federal Register.
The SEC Division of Corporation Finance granted no-action relief to allow an Indian company to hold a tender offer open for only 10 business days in accordance with Indian law.