🎁FINRA Proposes Amendments to Gift Rules for Financial Firms
The FINRA proposes to amend Rule 3220 regarding gifts, increasing the limit from $100 to $250 per person annually. This rule aims to reduce regulatory burden and improve compliance clarity while maintaining protections against conflicts of interest. The changes seek to enhance transparency and facilitate better business relationships across the financial industry.
Learn More⚖️SEC Sunshine Act Meeting
The SEC scheduled a closed meeting to discuss significant matters including injunctive actions, administrative proceedings, and litigation claims. Attendance will be restricted to select officials and staff, with implications for businesses involved in such matters. Updates will be published on their website if schedule changes occur, emphasizing the importance of regulatory awareness for corporations.
Learn More⚖️New FAR Changes Address Organizational Conflicts for Contractors
DoD, GSA, and NASA are proposing to amend the Federal Acquisition Regulation (FAR) to implement the Preventing Organizational Conflicts of Interest in Federal Acquisition Act. The statute requires the FAR to provide and update definitions, guidance, and examples related to organizational conflicts of interest, including the creation of solicitation provisions and contract clauses to avoid or mitigate organizational conflicts of interest. The statute also requires the FAR to permit contracting officers to consider professional standards and procedures to prevent organizational conflicts of interest to which an offeror or contractor is subject.
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