The SEC adopted interim final amendments to certain annual reporting forms. The amendments apply to registrants that have to comply with disclosure and submission requirements under the Holding Foreign Companies Accountable Act.
News & Insights
The CFTC Market Participants Division issued CPO and CTA registration relief to a company that acquires biopharmaceutical royalty interests and uses swaps to hedge its interest rate risk on floating rate debt used to finance the company's operations.
FinCEN Director Kenneth Blanco described the agency's implementation efforts since the enactment of the Anti-Money Laundering Act of 2020.
The Alternative Reference Rates Committee announced that it will not be in a position to recommend a forward-looking Secured Overnight Financing Rate term rate by mid-2021.
Federal Reserve Board Vice Chair Randal Quarles warned firms that there are "safety and soundness" risks associated with the continued use of the London Inter-Bank Offered Rate in new transactions after 2021.