The Senate confirmed Rostin Behnam as Chair of the CFTC. President Joseph R. Biden will nominate Summer Mersinger and Caroline Pham to serve as CFTC commissioners.
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22383 News Results
The MSRB requested a second round of comments on revisions to proposed Rule G-46 to codify previously issued guidance on requirements applicable to solicitor municipal advisors. This new comment period will close on March 15, 2022.
As part of the final phase of the SOFR First Initiative, the CFTC Market Risk Advisory Committee recommended that market participants (i) “transact in SOFR exchange-traded derivatives as soon as possible” and (ii) adopt the best practice of replacing LIBOR with SOFR for new contracts after year-end 2021.
FinCEN issued a request for information seeking feedback on ways to "streamline, modernize, and update" anti-money laundering and countering the financing of terrorism regulations and guidance under the Bank Secrecy Act.
The SEC proposed three new rules relating to security-based swaps: (1) an anti-fraud rule, (2) a rule to require reporting of large positions in security-based swaps, and (3) a rule prohibiting personnel of an SBS entity from taking any action to improperly interfere with the SBS entity's CCO in the performance of such persons duties.