In a new FAQ, OFAC explained that it would not target persons in Iran manufacturing humanitarian goods, such as "medicines, medical devices, or products used for sanitation or hygiene" - provided that the products are solely for use in Iran and not exported.
FINRA and the national securities exchanges participating in the National Market System Plan Governing the Consolidated Audit Trail amended a previous request to the SEC for exemptive relief from certain reporting requirements.
The DOJ filed a $20 million civil forfeiture Complaint in the U.S. District Court for the District of Alaska alleging violations of the International Emergency and Economic Powers Act and Iranian Transactions and Sanction Regulations violations.
In a Complaint filed in the U.S. District Court for the Southern District of Florida, the SEC alleged that a "purported internet investment adviser firm and its president failed to properly register and to provide books and records for examination.
At an SEC Fixed Income Market Structure Advisory Committee meeting, SEC Chair Jay Clayton and Commissioners Elad L. Roisman and Hester M. Peirce addressed issuers concerning rating agencies, bond pricing, trade transparency and internal fund crosses.
A CFTC Market Risk Advisory Subcommittee considered Central Counterparty Clearing House-proposed plans "for the transition of discounting and price alignment interest for certain products to the secured overnight financing rate."
NFA reminded members that retail foreign exchange dealers / forex dealer members and introducing brokers must account in their net capital computations for guaranteed obligations and liabilities of subsidiaries or affiliates.
The U.S. District Court for the Southern District of New York held that certain syndicated loans sold to institutional investors are not "securities" and rejected claims of violations of federal and state securities laws.
Fannie Mae and Freddie Mac published a "LIBOR Transition Playbook" and provided an FAQ and additional online resources "to help stakeholders transition business policies and processes to support products linked to the Secured Overnight Financing Rate."
NFA proposed an amendment to an interpretive notice on AML compliance procedures to clarify the obligations of certain introducing brokers under a written Customer Identification Program and Beneficial Ownership regulations.