The CFTC final rule amending the definition of "swap dealer" was published in the Federal Register. The rule is effective as of November 13, 2018. As previously covered, the final rule sets the de minimis aggregate gross notional amount threshold level at $8 billion in swap-dealing activity entered into by a person over the preceding 12-month period. The current rule provides for a threshold of $3 billion, subject to a "phase-in" amount of $8 billion.
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In a Risk Alert, the SEC Office of Compliance Inspections and Examinations provided information on a series of examination initiatives being conducted on mutual funds and exchange-traded funds.
The U.S. Department of the Treasury Office of Foreign Assets Control extended certain General Licenses concerning Ukraine-related entities on the Specially Designated Nationals and Blocked Persons list.
In the inaugural issue of Supervision and Regulation Report, the Federal Reserve Board summarized current banking conditions and supervisory and regulatory activities.
A money transfer company agreed to settle charges for failing to implement previously prescribed Federal Trade Commission and DOJ anti-money laundering and fraud prevention compliance programs.