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🧱 Market Reform

Commodity Futures Trading Commission (CFTC) Alert! CFTC is requesting comments on the extension of information collection requirements relating to registration under the Commodity Exchange Act, OMB Control No. 3038–0072

source: https://public-inspection.federalregister.gov/2023-09057.pdf Highlights: * Registration under the Commodity Exchange Act (OMB Control No. 3038–0072). * This is a request for an extension of a currently approved information collection. * The information collected under OMB Control No. 3038-0072 is gathered through the use of forms for registration of

FDIC Alert! FDIC Financial Institution Letter (FIL) on the Securities Transaction Settlement Cycle. The contents of this FIL apply to all FDIC–insured financial institutions. SEC shortening the settlement cycle from “T+2” to “T+1” for most broker–dealer

FDIC Alert! FDIC Financial Institution Letter (FIL) on the Securities Transaction Settlement Cycle. The contents of this FIL apply to all FDIC–insured financial institutions. SEC shortening the settlement cycle from “T+2” to “T+1” for most broker–dealer transactions effective 5/5/2023. Source: https://www.fdic.gov/

SEC Alert! The SEC will hold an OPEN Meeting on Wednesday, May 3, 2023 at 10:00 a.m. SEC will consider whether to adopt rule amendments that modernize and improve disclosure about repurchases of an issuer’s equity securities.

Source: https://public-inspection.federalregister.gov/2023-09162.pdf FORM PF Reddit Post

FICC Alert! FICC APPROVES changes to the calculation the Value-at-Risk Charge (VaR). The VaR is the most important calculation, apparently, in determining the clearing fund deposit requirement.

This is the reason why the buy button was hidden in January and early February 2021. Source: https://public-inspection.federalregister.gov/2023-08827.pdf SR-FICC-2023-003 34-97342 BACKGROUND AND DESCRIPTION OF THE APPROVED RULE CHANGE: * The Commission finds that the change to the description of the stressed period should help FICC to

Controller of the Currency, NCUA, FDIC, and Federal Reserve Alert! The agencies are issuing a revised interagency policy statement on allowances for credit losses (ACLs) (revised statement).

Office of the Comptroller of the Currency, Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Association source: https://public-inspection.federalregister.gov/2023-08876.pdf Highlights: * The Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the National

Commissioner Hester M. Peirce: "The least the rest of us can do is offer early-stage entrepreneurs a regulatory structure that gives them a fighting chance."

Commissioner Hester M. Peirce Capital On-Ramps: Remarks at the SEC’s 42nd Annual Small Business Forum – Exploring the Early-Stage Landscape: Trends and Strategies in Capital Raising Source: https://www.sec.gov/news/speech/peirce-capital-ramps-04-24-2023 Highlights: Early-stage entrepreneurs often abandon a stable job to take on the risks of starting a

Assistant Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg on DeFi: "Treasury considers any DeFi service performing the functions of a covered financial institution to be subject to BSA obligations, including AML/CFT obligations"

"Treasury considers any DeFi service performing the functions of a covered financial institution to be subject to BSA obligations, including AML/CFT obligations, regardless of how decentralized" Remarks by Assistant Secretary for Terrorist Financing and Financial Crime Elizabeth Rosenberg on DeFi Risk Assessment at the Atlantic Council Additional