🏠HUD Terminates Direct Endorsement Approval for Mortgagees
This notice advises of the cause and effect of termination of Direct Endorsement (DE) approval taken by HUD's Federal Housing Administration (FHA) against HUD-approved mortgagees through the FHA Credit Watch Termination Initiative. This notice includes a list of mortgagees that have had their DE Approval terminated.
Learn More📈Final Rule on Allocation of Assets in Single-Employer Pension Plans
This final rule amends the Pension Benefit Guaranty Corporation's regulation on Allocation of Assets in Single-Employer Plans to prescribe the spreads component of the interest assumption under the asset allocation regulation for plans with valuation dates of April 30, 2025-July 30, 2025. These interest assumptions are used for valuing benefits under terminating single-employer plans and for other purposes.
Learn More🚫OFAC Sanctions
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were satisfied. All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
Learn More💼SEC Notice on Co-Investment Application by Meketa Capital, LLC
The SEC has issued a notice regarding an application from Meketa Capital, LLC, and related entities seeking an order to co-invest in portfolio companies. This notice outlines the implications of joint transactions that are generally prohibited, providing insight into regulatory compliance for investment management firms.
Learn More💰Nasdaq Proposal on Appeal Fees and Delisting Requirements
The Securities and Exchange Commission announces Nasdaq's proposed rule change to amend Listing Rules concerning appeal fees related to delisting determinations. The new rules stipulate that issuers must clear all prior fees before initiating an appeal and state that these fees are non-refundable. The proposal is open for public comment for 60 days.
Learn More✈️New Airworthiness Directives for Airbus SAS
The FAA is superseding Airworthiness Directive (AD) 2016-20- 12, AD 2018-17-21, and AD 2019-14-04, which applied to certain Airbus SAS Model A318, A319, A320, and A321 series airplanes. AD 2019-14-04 required revising the existing maintenance or inspection program, as applicable, to incorporate new or more restrictive airworthiness limitations and terminated the provisions of AD 2018-17-21, which, in turn, terminated the provisions of AD 2016-20-12. This AD was prompted by the determination that new or more restrictive airworthiness limitations are necessary. This AD requires revising the existing maintenance or inspection program, as applicable, to incorporate new or more restrictive airworthiness limitations, as specified in a European Union Aviation Safety Agency (EASA) AD, which is incorporated by reference. The FAA is issuing this AD to address the unsafe condition on these products.
Learn More📈CFTC Final Rule on Customer Funds Investment Regulations
The Commodity Futures Trading Commission ("Commission" or "CFTC") is amending its regulations governing the types of investments that futures commission merchants and derivatives clearing organizations may make with funds held for the benefit of customers engaging in futures, foreign futures, and cleared swaps transactions. The Commission is also revising asset-based and issuer-based concentration limits for the investment of customer funds. The Commission is also specifying market risk capital charges that a futures commission merchant must take on new investments added to the list of permitted investments in computing the firm's adjusted net capital. The amendments also revise regulations that require each futures commission merchant to report to the Commission, and to the firm's designated self-regulatory organization, the name, location, and amount of customer funds held by each depository, including any investments of customer funds held by the depository. Lastly, the Commission is eliminating the requirement that each depository holding customer funds must provide the Commission with read-only electronic access to such accounts for the futures commission merchant to treat the funds as customer segregated funds.
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