In a no-action letter, the CFTC Division of Market Oversight relieved reporting swap counterparties and swap markets from a requirement to submit data error correction notifications for errors that affect no more than five percent of their open swaps in a given asset class.
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The Investment Adviser Association ("IAA") requested (i) clarification on the SEC amendments to Regulation S-P ("Privacy of Consumer Financial Information and Safeguarding Personal Information") and (ii) a twelve month extension of the compliance deadline.
SEC Chair Paul S. Atkins unveiled "Project Crypto," an initiative to modernize the agency’s approach to digital assets.
The OCC appointed Adam Cohen as Chief Counsel and Senior Deputy Comptroller.
A bipartisan group of legislators introduced a bill in the Senate and House to create "AI Innovation Labs" to encourage financial firms "to experiment with artificial intelligence without expectation of enforcement action."