🏦Regulatory Notice on Savings and Loan Holding Company Transactions
The Federal Reserve Board has issued a notice concerning applications for the formation, acquisition, and merger of savings and loan holding companies. The public is invited to review applications and submit comments on their compliance with regulatory standards as outlined in the Home Owners' Loan Act. This notice details ongoing regulatory processes regarding specific financial institutions.
Learn More💵FinCEN Prohibits Fund Transmittals Involving Vector Casa de Bolsa
FinCEN is issuing notice of an order prohibiting certain transmittals of funds involving Vector Casa de Bolsa, S.A. de C.V., a financial institution operating outside of the United States determined to be of primary money laundering concern in connection with illicit opioid trafficking.
Learn More📈Cboe Exchange's Proposed Rule Change for Match Trade Prevention
The SEC has approved amendments to Cboe Exchange's Rule 11.25, allowing users to utilize Match Trade Prevention (MTP) functionality for Periodic Auction Orders. This integration aims to enhance trading efficiency while reducing the risk of wash sales and self-trades, thus promoting better compliance and order management for trading participants.
Learn More⚖️CFPB Guidance on Criminal Enforcement Referrals and Business Impact
The Consumer Financial Protection Bureau (CFPB or Bureau) is issuing this policy statement to describe its plan to address criminally liable regulatory offenses.
Learn More📈OCC's Proposed Rule Changes for Enhanced Stress Testing Methodology
The Securities and Exchange Commission has published a notice regarding the Options Clearing Corporation's proposed amendments to its stress testing and liquidity risk management methodologies. The changes aim to enhance risk assessment capabilities by modifying scenario categorizations and updating documentation processes, fostering better financial resource management during market stresses.
Learn More💼IRS Requests Comments on SIMPLE IRA Plan Forms for Businesses
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Form 5304-SIMPLE, Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)--Not for Use With a Designated Financial Institution; Form 5305-SIMPLE, Savings Incentive Match Plan for Employees of Small Employers (SIMPLE)--for Use With a Designated Financial Institution; Notice 98-4, Simple IRA Plan Guidance.
Learn More🏦OCC Notice on Community Reinvestment Act Information Collection Renewal
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled, "Community Reinvestment Act Qualifying Activities Confirmation Request Form." The OCC also is giving notice that it has sent the collection to OMB for review.
Learn More🏦Regulatory Notice on Bank Holding Company Mergers & Acquisitions
This notice from the Federal Reserve System outlines various bank holding companies seeking approval for formations, acquisitions, and mergers. It invites public comment on these proposals, emphasizes compliance with the Bank Holding Company Act, and details the application process, including required disclosures and deadlines for public input.
Learn More🚫OFAC Sanctions Notice
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons and vessels 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. Additionally, OFAC is providing an updated Federal Register notice for two persons previously designated by OFAC. All property and interests in property subject to U.S. jurisdiction of these persons and this vessel are blocked, and U.S. persons are generally prohibited from engaging in transactions with them.
Learn More📄Compliance Requirements for Form 8-A Registration by SEC
The Securities and Exchange Commission seeks an extension for Form 8-A, a registration statement for securities. This form is essential for issuers with total assets exceeding $10 million, outlining required disclosures about equity securities, thereby ensuring compliance with the Securities Exchange Act of 1934.
Learn More