Commentary by Steven Lofchie
The SEC granted a request from various securities exchanges to provide limited exemptive relief from timestamp granularity requirements under the National Market System Plan Governing the Consolidated Audit Trail.
OFAC amended the North Korean Sanctions Regulations to align with provisions enacted by the Treasury Department under the North Korea Sanctions and Policy Enhancement Act of 2016.
The SEC provided limited and temporary flexibility for business development companies to issue senior securities.
The SEC amended the definitions of "covered clearing agency," "central securities depository services," and "sensitivity analysis" to be applicable to central counterparties and securities depositories.
US Regulatory Intelligence expanded its banking materials to include Federal Reserve Board Legal Interpretations.