The Federal Reserve Board adopted an interim final rule aimed at simplifying reserve requirements by temporarily eliminating transfer limits on savings deposits.

The Federal Reserve Board stated that it will begin providing monthly updates on liquidity and lending facilities which receive funding under the Coronavirus Aid, Relief, and Economic Security Act.

SIFMA President and CEO Kenneth E. Bentsen, Jr. urged the SEC not to make broker-dealers liable for any potential security breaches in the agency's consolidated audit trail.

The SEC Division of Investment Management extended the hours during which registered investment companies and business development companies can submit their EDGAR filings.

The CFTC Division of Swap Dealer and Intermediary Oversight granted no-action relief to futures commission merchants and introducing brokers concerning net capital treatment of covered loans received under the Paycheck Protection Program.