Search Results for keywords:"compliance date extension"

The Department of Health and Human Services (HHS) has delayed the effective date of a final rule concerning updates to the Health Insurance Portability and Accountability Act (HIPAA) standards for retail pharmacy transactions and Medicaid pharmacy subrogation until April 14, 2025. This delay, following a Presidential memorandum on regulatory review, allows HHS more time to consider the new regulations. The compliance date for these standards is also extended to April 14, 2028. The immediate implementation of this delay is based on good cause exceptions, as it is impractical to seek public comment given the circumstances.

The Securities and Exchange Commission (SEC) is extending the deadlines for compliance with certain rules related to U.S. Treasury securities. These rules require covered clearing agencies to have policies ensuring that all eligible trades are submitted for clearing. The new compliance dates are December 31, 2026, for cash market transactions, and June 30, 2027, for repo transactions. This extension gives market participants more time to adjust to the changes without causing disruptions in the market.

The Securities and Exchange Commission has announced that the Municipal Securities Rulemaking Board (MSRB) filed a proposed rule change to extend the compliance date for changes to Form G-32. Originally set for March 31, 2021, the compliance deadline has been moved to August 2, 2021, giving brokers and dealers more time to adapt to the updates due to ongoing COVID-19 disruptions. The proposed change is considered "noncontroversial," thus it becomes effective upon filing. The MSRB believes this extension will help brokers and dealers better allocate resources to implement new compliance processes and training.

FMCSA, part of the Department of Transportation, has extended the compliance deadline for certain parts of the "Broker and Freight Forwarder Financial Responsibility" rule from January 16, 2025, to January 16, 2026. This extension gives brokers, freight forwarders, and others additional time to prepare for and use a new online registration system that isn't expected to be ready until 2025. Despite opposition from some groups who argue the delay is excessive, FMCSA claims the extension will aid in a smoother transition and provide time for training. The final rule aims to enhance the tracking of financial responsibilities and streamline administrative processes related to broker and freight forwarder operations.

The Securities and Exchange Commission (SEC) is extending the compliance deadlines for certain investment company name regulations initially set to avoid misleading investors. For fund groups with over $1 billion in assets, the compliance date is postponed from December 11, 2025, to June 11, 2026, while for smaller fund groups, it's moved from June 11, 2026, to December 11, 2026. The SEC is making these changes to help investment companies and their service providers, who are facing difficulties in meeting the original deadlines due to the complexity and costs involved. The new rule allows funds to align their compliance with their fiscal year-end obligations, reducing the need for costly off-cycle amendments.

The Department of Housing and Urban Development (HUD) has extended the compliance date for its final rule on the Section 184 Indian Housing Loan Guarantee Program from March 1, 2025, to December 31, 2025. This extension is needed to give HUD more time to create a detailed handbook and new forms, as well as to allow all participants, including Tribes and lenders, to update their systems and procedures to meet the new requirements. The final rule originally aimed to update program regulations to manage risks and increase participation, while also clarifying rules for eligibility and operations in the program.

The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have extended the deadline for compliance with the new amendments to Form PF from March 12, 2025, to June 12, 2025. Form PF is a confidential reporting form that certain investment advisers to private funds, who are registered with the SEC and possibly with the CFTC, must fill out. The extension aims to address challenges like the need to file data under two different versions of the form, which raised issues for advisers. The new deadline also provides more time for affected parties to adapt to the changes and to ensure accurate data collection and reporting.