General Counsel
Tw Li

November 29, 2021

What's New, What's Not

Federal Reserve Issues Supervision Guidance on LIBOR Transition

Nihal Patel

Commentary by Nihal Patel

The Federal Reserve issued "Supervision FAQs on the Transition away from LIBOR."

Broker-Dealer Settles Suitability Charges for ETF and Options Trading Violations

A broker-dealer settled FINRA charges for suitability violations, and related supervisory failures, as to the sale of non-traditional exchange traded funds and complex options positions to retail investors.

NFA Proposes Amendments to Branch Office Manager Examination Requirement

NFA filed with the CFTC proposed amendments to the examination requirement for branch office managers and designated futures principals that engage in swap activities.

OFAC Amends Syria Sanctions Regulations to Authorize Certain NGO Activities

OFAC adopted a final rule amending a General License in the Syrian Sanction Regulations. The final rule expands the existing license to continue allowing NGOs to engage in certain assistance-related activities in support of humanitarian activities.

Eurosystem Approves Framework for Overseeing Electronic Payments

The European Central Bank's Governing Council approved a new oversight framework for electronic payment instruments, including payments with digital assets.

Reg. Tracker: November 16 to November 30

Reg. Tracker: November 16 to November 30

The Cabinet Regulatory Tracker is a list of effective dates, comment deadlines and expiration dates.