FCA and IBA to consult on LIBOR cessation. SEC Commissioner Lee supports expansion of the use of structured data. Department of Labor finalizes rule adopting amendments to the “investment duties” regulation. SEC adopts amendments to facilitate electronic filings.

FINRA proposes additional obligations for firms with a history of misconduct. OFAC extends authorization of certain transactions involving sanctioned Venezuelan entity. CFPB seeks comment on access to credit for consumers with limited English proficiency.

SEC warns broker-dealers of insufficient AML due diligence on omnibus accounts. New Executive Order prohibits U.S. securities investments in companies linked to PRC military. ICI examines money market fund performance. Debt collector settles CFPB charges for furnishing inaccurate data. Federal Register: Effective date published for DOL amendments to ERISA Fiduciary Investment Regulation.

SEC staff seeks feedback on definition of "Qualified Custodian." Cadwalader issues Client & Friends Memo Foreign Direct Investment UK Update. FDIC Chair reviews agency response to COVID-19 risk. OCIE highlights supervisory deficiencies at adviser branch offices.  

CFPB issues no-action letter on bank's small-dollar loan program. Banking agencies urge banks to move on LIBOR transition. FINRA proposes rule change on remote inspections. Federal Reserve Board reports on supervisory and regulatory response to Covid-19. FinCEN updates FATF AML/CFT deficiencies list. Effective date of CFTC rule delaying phase VI initial margin compliance set for December 9.

Federal Judge Orders SBA to release information on PPP loan recipients. SEC officials urge AMAC to recommend operational changes in light of pandemic. SEC Commissioner Lee advocates standardized ESG disclosures. SEC staff provides guidance on amended public company reporting requirements.

DOL clarifies fiduciary investment duties under ERISA. SEC enhances whistleblower program. Broker-Dealer Settles FINRA charges for distributing inaccurate valuation information. Deadline for SEC, CFTC joint comment request on portfolio margining set for December 7. Comment deadline for proposed amendments to SEC mutual fund and ETF disclosure framework set for January 4. Comment deadline for banking agencies' proposed supervisory guidance rule set for January 4.

CFTC grants exemptions to foreign futures and options markets. CFTC exempts Singapore-based trading platforms from SEF registration. Effective date for amendments to SEC “shareholder proposals” rule set for January 4.

SEC updates exemptions on security-based swap activities. SEC reviews record for 2020. CFTC and South African Reserve Bank initiative information-sharing cooperation. SEC revises procedures for document submission to EDGAR.

FIA considers effects of CCP demands for more margin during pandemic. Agencies propose rule on supervisory guidance. CFTC reorganizes operations. FINRA adopts restrictions on registered person becoming customer beneficiary or trustee. Federal Register: OCC adopts rule to determine "true lender" of loan. International Affairs Director to leave SEC.