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Reg. Tracker: July 1 through July 15

The Cabinet Regulatory Tracker provides a list of significant comment deadlines, effective dates and compliance deadlines. Click on the links below to view deadlines from July 1 to July 15, 2016.

For real-time updates, please refer to the Calendar.

Comment Deadlines

  • July 6: FINRA-proposed amendments to revise the filing requirements in FINRA Rules 2210 ("Communications with the Public") and Rule 2214 ("Requirements for the Use of Investment Analysis Tools"), and the content and disclosure requirements in FINRA Rule 2213 ("Requirements for the Use of Bond Mutual Fund Volatility Ratings").

  • July 11: SEC interim final amendment that permits a registrant to, at its option, include a summary in its Form 10-K, provided that each item in the summary includes a cross-reference by hyperlink to the material contained in the registrant's Form 10-K to which such item relates.

  • July 11: SEC publication of the SEC Chair's agenda of rulemaking actions pursuant to the Regulatory Flexibility Act.

  • July 11: Securities Investor Protection Corporation ("SIPC") proposal of bylaw amendments filed with the SEC relating to assessments on SIPC member broker-dealers.

  • July 13: CFTC-proposed revisions and additions to regulations and guidance proposed in 2013 concerning speculative position limits in response to comments received on that proposal.

  • July 14: CFTC-proposed rule amendment certification filing by Intercontinental Exchange Futures U.S. that would allow the parties in a block trade to engage in the pre-hedging of certain positions.

Effective Dates

  • July 1: Board of Governors of the Federal Reserve System final rule that adds certain general-obligation U.S. municipal bonds to the range of securities that qualify as high-quality liquid assets.

  • July 1: Board of Governors of the Federal Reserve System amendments to its regulatory capital framework ("Regulation Q") that clarify how the definition of common equity tier 1 capital applies to ownership interests issued by depository institution holding companies that are structured as partnerships or limited liability companies.

  • July 1: FDIC final amendments imposing a surcharge on the quarterly assessments of insured depository institutions with total consolidated assets of $10 billion or more.

  • July 1: FDIC final rule requiring insured State savings associations and subsidiaries of such State savings associations that act as transfer agents for qualifying securities to register with the FDIC, similar to the registration requirements applicable to insured State nonmember banks and subsidiaries of such banks.

  • July 1: FDIC final amendments to refine the deposit insurance assessment system for small insured depository institutions that have been federally insured for at least five years.

  • July 1: FINRA final amendments phasing out of test center delivery of the Regulatory Element of Continuing Education ("CE") and requiring participants with open Regulatory Element windows to complete their sessions using the FINRA CE Online System®.

  • July 11: FinCEN final "Customer Due Diligence Rules," which now require covered financial institutions to identify and then verify the identities of the beneficial owners of legal entities customers.

  • July 12: SEC final rules under the Securities Exchange Act that are intended to implement provisions of Title VII relating to business conduct standards and the designation of a chief compliance officer for security-based swap dealers and major security-based swap participants.

  • July 14: The Consumer Financial Protection Bureau ("CFPB") interim final rule to adjust the civil monetary penalties within the CFPB's jurisdiction for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act of 1990.

For general information about the Cabinet, please contact Steven Lofchie.

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William Sadd
[email protected]
(212) 993-2818

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