Search Results for keywords:"financial compliance"

Found 3 results

Search Results: keywords:"financial compliance"

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  • 2021-03546 — Self-Regulatory Organizations; Cboe Futures Exchange, LLC; Notice of a Filing of a Proposed Rule Change Regarding Rule Consolidation
    Type:Notice
    Citation:86 FR 11020
    Reading Time:about 8 minutes

    The Cboe Futures Exchange, LLC has filed a proposed rule change with the Securities and Exchange Commission to streamline how their rules require compliance with certain financial and protection regulations by their members. This change aims to simplify the existing rules by consolidating twenty separate rules into one, making it easier for members to understand and comply with them. These rules ensure that trading members meet financial standards and protect customer funds, aligning with the regulations set by the Commodity Futures Trading Commission. The rule change is intended to promote clarity without adding any unnecessary competitive burdens and invites public comments by March 16, 2021.

    Simple Explanation

    The Cboe Futures Exchange wants to make their rulebook easier by turning twenty rules into one big rule, so it's simpler for people to follow. They are checking to make sure this doesn’t cause any problems and are asking people to share their thoughts by a certain date.

  • 2021-01387 — Qualified Mortgage Definition Under the Truth in Lending Act (Regulation Z): Seasoned QM Loan Definition; Correction
    Type:Rule
    Citation:86 FR 8283
    Reading Time:about a minute or two

    The Bureau of Consumer Financial Protection issued a correction to a previously published rule regarding the definition of a Qualified Mortgage under the Truth in Lending Act, which appeared in the Federal Register on December 29, 2020. The correction fixes a minor error in the wording of an amendatory instruction related to the regulation that guides mortgage definitions. The change will become effective on March 1, 2021. For further details, individuals can contact Amanda Quester at the Bureau of Consumer Financial Protection.

    Simple Explanation

    The Bureau of Consumer Financial Protection found a small mistake in its previous instructions about what makes a mortgage "qualified" and fixed it, so everything is clear when people read the rules about loans.

  • 2021-01228 — Amending Executive Order 13959Addressing the Threat From Securities Investments That Finance Communist Chinese Military Companies
    Type:Presidential Document
    Citation:86 FR 4875
    Reading Time:about 4 minutes

    The Executive Order 13974, issued by President Donald J. Trump, amends previous regulations concerning securities investments in companies linked to the Chinese military. Under this order, U.S. persons must divest from any such securities by specified dates in 2021 and 365 days from future determinations. The order also clarifies the roles of the Secretaries of Defense and Treasury in identifying and listing these companies. Additionally, it sets definitions for terms like "transaction" and outlines the order's implementation rules.

    Simple Explanation

    Imagine there are companies linked to a big, strong country, and people in another country are told they can't invest in those companies anymore. This order helps decide which companies are affected and tells people when they need to stop investing, but some parts might be hard to understand and could use better explanations.