The IRS issued final regulations removing "minimum documentation requirements that ordinarily must be satisfied in order for certain related-party interests in a corporation to be treated as indebtedness for Federal tax purposes."

The Federal Reserve Board, FDIC and OCC amended the effective date of the "Capital Simplification Final Rule."

A FinCEN final rule imposing strict prohibitions on the access of Iranian financial institutions to the U.S. financial system due to money laundering concerns was published in the Federal Register.

NFA reminded members to designate an administrator to coordinate enrollment and track compliance with swaps proficiency requirements.