The SEC reopened the comment periods for proposals to (i) expand the scope of Regulation ATS and (ii) expand regulation of private fund advisers. As outlined in a notice in the Federal Register, comments for both proposals are now due by June 13, 2022.

OFAC issued one new General License, published new FAQs and updated an FAQ pertaining to the Syria sanctions program.

OFAC amended Russia-related sanctions FAQs to (i) further clarify the types of transactions that U.S. persons are authorized to engage in with certain Russian telecommunications companies and (ii) update definitions.

Treasury Secretary Janet L. Yellen testified before the House Financial Services Committee on the Financial Stability Oversight Council's 2021 Annual Report to Congress.

The SEC set November 8, 2021 as the "data collection initiation date" marking the end of the "phase-in" period for the de minimis threshold for registration as a security-based swap dealer.