📊CFTC Proposed Collection on Bank Secrecy Act Compliance Costs
The Commodity Futures Trading Commission (CFTC) is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act ("PRA"), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including proposed extension of an existing collection of information, and to allow 60 days for public comment. The CFTC is requesting public comment on a proposed information collection concerning "Survey of the Costs of Bank Secrecy Act/Anti-Money Laundering Compliance" (Survey).
Learn More📄Proposed Rule Change for GSD Rulebook - SEC Notice
The SEC has extended the review period for a proposed rule change by the Fixed Income Clearing Corporation regarding modifications to the Government Securities Division Rulebook. This change focuses on default management practices and the porting of indirect participant activities, with implications for broader market compliance and operational adjustments.
Learn More🏦Change in Bank Control Act Notices for Business Acquisitions
This notice outlines applications for acquiring shares in banks or bank holding companies under the Change in Bank Control Act. It details the process for public commentary and information disclosure, emphasizing transparency and regulatory compliance within the banking sector. Interested parties are invited to submit comments regarding these applications before the specified deadline.
Learn More⚖️Federal Reserve's Regulation XX on Financial Sector Mergers and Acquisitions
The Federal Reserve's Regulation XX limits financial companies from merging or acquiring when their consolidated liabilities would exceed 10% of aggregate financial sector liabilities. This regulation aims to maintain financial stability and prevent excessive concentration in the financial market, ensuring companies remain compliant with national economic standards.
Learn More🏦Federal Reserve Notice on Bank Holding Company Mergers and Acquisitions
The Federal Reserve System issued a notice regarding the applications for the formation and acquisition of bank holding companies under the Bank Holding Company Act. It invites public comments on these applications, detailing the processes and transparency of transactions in the banking sector. Stakeholders are encouraged to participate by submitting their views through specified channels.
Learn More💼Rule 17f-4
The SEC issues a notice regarding the extension of Rule 17f-4, which governs the use of securities depositories by registered management investment companies. This rule outlines the conditions and reporting responsibilities associated with custodial arrangements, ensuring internal controls and financial reporting standards are met by custodians and funds dealing with securities depositories.
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