Search Results for keywords:"Regulation"

The Farm Credit Administration (FCA) has implemented a rule to adjust civil money penalties (CMPs) for inflation. This adjustment is required annually by law to maintain the penalties' effectiveness as a deterrent. The penalties are related to violations under the Farm Credit Act and the Flood Disaster Protection Act. The new penalty amounts are $2,395 for certain violations of the Farm Credit Act and $2,252 for flood insurance-related violations, effective from January 15, 2021. These changes do not require public notice or comments because they are mandatory and noncontroversial.

The Environmental Protection Agency (EPA) has created a rule that allows honey and honeycomb to have residues of oxalic acid without setting a maximum permissible level. This decision was made because oxalic acid is already found naturally in many plants and honey, and studies have shown that the residues are harmless. The rule also applies to the use of oxalic acid as a miticide in honeybee hives, ensuring no harm to humans, including infants and children, from exposure to this substance. This action supports the regulation of agricultural commodities while simplifying the process by not requiring any enforcement method for oxalic acid levels in honey-related products.

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.

ICE Clear Credit LLC (ICC) has submitted a rule change proposal to revise its clearing rules regarding margin or collateral provided by clients who are not participants. This change aims to align with amendments to the Commodity Futures Trading Commission's Regulation, ensuring clients provide collateral commensurate with the risk they pose. The rules will become effective immediately and aim to enhance risk management without imposing any undue competitive burdens. The proposal is open to public comments and aims for quick adoption to meet regulatory deadlines.

The Board of Governors of the Federal Reserve System is seeking public comments on a proposal to extend the Semiannual Report of Derivatives Activity for three years without making any changes. This report collects data from eight major U.S. dealers of over-the-counter derivatives to understand global financial derivatives markets better. The proposal asks for feedback on various aspects, such as the necessity and effectiveness of the information collection and how to reduce the burden on respondents. Comments must be submitted by February 21, 2025, and can be sent through the Federal Reserve's website or by mail.

The U.S. Environmental Protection Agency (EPA) has finalized a rule stating that greenhouse gas (GHG) emissions from electric utility generating units (EGUs) significantly contribute to air pollution that endangers public health and welfare. This determination is based on a framework where EGUs, due to their large emissions, surpass the established 3-percent threshold of total U.S. GHG emissions. While other factors could also influence this decision, the major emissions from EGUs alone justify regulation. The rule does not expect to impact energy supply, costs, or emissions notably.