Search Results for keywords:"Exemptions"

Found 2 results

Search Results: keywords:"Exemptions"

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  • 2020-28945 — Swap Execution Facilities and Trade Execution Requirement
    Type:Proposed Rule
    Citation:86 FR 9304
    Reading Time:about 18 minutes

    On November 30, 2018, the Commodity Futures Trading Commission (CFTC) proposed new rules to change how swap execution facilities (SEFs) operate. Based on feedback, they decided not to proceed with many of these changes as they could complicate the market and increase costs. Instead, the CFTC is focusing on specific, smaller updates to improve SEF regulations without causing major disruptions. This decision reflects the Commission's intention to make changes that are more measured and less controversial.

    Simple Explanation

    The CFTC thought about changing some rules to make trading a certain way on big swaps platforms better, but after listening to feedback, they decided to go with smaller changes instead, to keep things simple and not make trading more confusing or expensive.

  • 2025-05199 — Beneficial Ownership Information Reporting Requirement Revision and Deadline Extension
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    Type:Rule
    Citation:90 FR 13688
    Reading Time:about 51 minutes

    The Financial Crimes Enforcement Network (FinCEN) has issued an interim final rule to change the reporting requirements for beneficial ownership information under the Corporate Transparency Act. Previously, both domestic and foreign companies had to report information about their owners. Now, domestic companies are exempt from these requirements, and foreign companies are only required to report information about non-U.S. owners. This change is intended to reduce the burden on U.S. businesses, and FinCEN is asking for public comments before finalizing the rule.

    Simple Explanation

    The government has made a new rule that says only companies from other countries need to tell about their owners, but they don't have to tell about their American owners. This rule is meant to make things easier for U.S. companies, and the government wants people to share their thoughts on it.