The U.S. Treasury finalized regulations to address "earnings stripping" by enhancing tax rules distinguishing debt and equity.
News & Insights
The CFTC adopted final amendments to require the clearance of certain interest rate swaps that are denominated in specific major currencies or have particular termination dates. The final amendments were published in the Federal Register.
The CFTC Division of Market Oversight issued the results of a rule enforcement review of the New York Mercantile Exchange and Commodity Exchange.
The CFTC approved an Order establishing December 31, 2018 as the termination date for the swap dealer registration de minimis threshold phase-in.
The SEC voted to adopt rule changes under the Investment Company Act that will (i) expand reporting and disclosure by registered investment companies, (ii) impose additional liquidity risk requirements by open-end funds, and (iii) permit mutual funds to use "swing pricing."