📉Impact of Removing Syrian Sanctions Regulations on Businesses
The Department of the Treasury's Office of Foreign Assets Control (OFAC) is removing from the Code of Federal Regulations the Syrian Sanctions Regulations as a result of the termination of the national emergency on which the regulations were based and further changes to the policy of the United States towards Syria.
Learn More📈NYSE American Options Fee Schedule Waiver
The SEC has published a notice regarding a proposed rule change by NYSE American to waive maximum combined Floor Broker credits for certain trades during selected months. This adjustment aims to promote liquidity and encourage continued trading activity within the exchange, thereby enhancing the overall market execution environment for participants.
Learn More📈FDIC Proposes Rule for Regulatory Threshold Adjustments
The Federal Deposit Insurance Corporation (FDIC) is inviting comment on a proposed rule that would amend certain regulatory thresholds in the FDIC's regulations to reflect inflation. Specifically, the proposal would generally update such thresholds to reflect inflation from the date of initial implementation or the most recent adjustment, and provide for future adjustments pursuant to an indexing methodology. The changes set forth in this proposal would provide a more durable regulatory framework by helping to preserve, in real terms, the level of certain thresholds set forth in the FDIC's regulations, thereby avoiding the undesirable and unintended outcome where the scope of applicability for a regulatory requirement changes due solely to inflation rather than actual changes in an institution's size, risk profile or level of complexity.
Learn More📈SEC Rule Change for MEMX Execution Services
The SEC is proposing amendments to MEMX LLC's rules to clarify membership requirements for brokers and dealers and to adopt new rules governing MEMX Execution Services as an inbound router. The changes aim to align operational protocols with those of the recently approved national securities exchange, MX2, while removing obsolete rule provisions.
Learn More📈SEC Proposes New Hosted Solutions Program for Small Retail Brokers
The SEC has issued a notice regarding a proposed rule change from Cboe BZX Exchange to introduce a Small Retail Broker Hosted Solutions Program. This program aims to provide fee waivers and updated eligibility requirements for small retail brokers, facilitating better access to market data for retail investors and competing with other exchanges.
Learn More🏥Marketplace Integrity and Affordability Regulations Overview
This final rule revises standards relating to denial of coverage for failure to pay past-due premium; excludes Deferred Action for Childhood Arrivals recipients from the definition of "lawfully present;" establishes the evidentiary standard HHS uses to assess an agent's, broker's, or web-broker's potential noncompliance; revises the Exchange automatic reenrollment hierarchy; revises standards related to the annual open enrollment period and special enrollment periods; revises standards relating to failure to file and reconcile, income eligibility verifications for premium tax credits and cost-sharing reductions, annual eligibility redeterminations, de minimis thresholds for the actuarial value for plans subject to essential health benefits (EHB) requirements, and income-based cost-sharing reduction plan variations. This final rule also revises the premium adjustment percentage methodology and prohibits issuers of coverage subject to EHB requirements from providing coverage for specified sex-trait modification procedures as an EHB.
Learn More📜Civil Penalties Schedule Update by FMCSA
FMCSA amends the Federal Motor Carrier Safety Regulations (FMCSRs) to remove the reference to rules under the Department of Transportation's "Procedures for Transportation Workplace Drug and Alcohol Testing Program" from the civil penalty schedule in the FMCSRs. Instead, the civil penalty schedule will refer solely to the part of the Code of Federal Regulations (CFR) where this program is incorporated into the FMCSRs. Because the rule does not impose any new material requirements or increase compliance obligations, it is issued without prior notice and opportunity for comment, pursuant to the good cause exception in the Administrative Procedure Act (APA).
Learn More🚌FMCSA Proposes Removal of Obsolete Water Carrier References
FMCSA proposes to remove all obsolete references to "water carriers" in the FMCSA regulations (FMCSRs). FMCSA does not specifically regulate water carriers except to the extent that such carriers also engage in motor carrier operations. In such cases, the existing FMCSRs provide appropriate coverage of the carrier's motor carrier operations.
Learn More🔒Proposed FinCEN Regulations on Huione Group's Money Laundering Risks
FinCEN is issuing a notice of proposed rulemaking (NPRM), pursuant to section 311 of the USA PATRIOT Act, that proposes prohibiting the opening or maintaining of a correspondent account in the United States for, or on behalf of, Huione Group, a foreign financial institution based in Cambodia found to be of primary money laundering concern. The NPRM also would require covered financial institutions to apply special due diligence to their foreign correspondent accounts that is reasonably designed to guard against their use to process transactions involving Huione Group.
Learn More🚛Financial Responsibility Requirements for Motor Carriers and Brokers
In accordance with the Paperwork Reduction Act of 1995, FMCSA announces its plan to submit the Information Collection Request (ICR) described below to the Office of Management and Budget (OMB) for review and approval. FMCSA requests approval to renew an ICR titled, "Financial Responsibility Motor Carriers, Freight Forwarders, and Brokers." The purpose of this ICR is to provide registered motor carriers, property brokers, and freight forwarders a means of meeting financial responsibility filing requirements. This ICR sets forth the financial responsibility documentation requirements for motor carriers, freight forwarders, and brokers as a result of Agency jurisdictional statutes. On January 6, 2025, FMCSA published a 60-day notice in the Federal Register announcing its intention to submit this ICR to OMB for renewal. FMCSA received two comments in response to the published notice.
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