An SEC proposal to impose extensive reporting requirements on any individual loaning a security was published in the Federal Register. Comments on the proposal must be submitted by January 1, 2022.

FinCEN published in the Federal Register an advance notice of proposed rulemaking on additional Bank Secrecy Act information collection and reporting requirements applicable to cash-based real estate transactions. Comments are due by February 7, 2022.

The SEC staff issued a statement “in light of the now-certain transition away from LIBOR” reminding investment professionals of their obligations when recommending LIBOR-linked securities and related investment products and strategies, including interest rate swaps, municipal securities and securitizations.

Nearly a year after the Corporate Transparency Act of 2020 enacted vast new beneficial ownership reporting requirements for many legal entities, FinCEN proposed rules effectuating the law.