NFA extended its initial margin model approval to include security-based swaps, beginning November 1, 2021, subject to certain conditions.

The SEC took a number of actions to address substituted compliance determinations for security-based swap dealers, including (i) amending orders previously granted covering Germany, France and the United Kingdom, and (ii) adopting an additional determination for Spain.

The U.S. House Financial Services Committee passed the "Financial Exploitation Prevention Act of 2021," a bill which would allow an investment company to postpone the redemption of securities when it suspects possible financial exploitation of a specified adult.

In a public statement, SEC Acting Chief Accountant Paul Munter highlighted (i) the responsibilities of auditors, management and audit committees in maintaining auditor independence in both "fact and appearance" and (ii) proper audit committee oversight of the independent auditor.