Banking and Finance Law Daily Wrap Up, REGULATION TRACKER—Upcoming comment deadlines and effective dates, (Sep 9, 2024)
Organizations Mentioned:Financial Crimes Enforcement Network
By WK Editorial Staff
Comment deadlines and effective dates for regulatory activity issued by the federal financial institution agencies.
The Banking and Finance Law Daily Regulation Tracker includes a Proposed Rules Comment Calendar and a table of Final Rule Effective Dates. Recent activity includes the following:
The Financial Crimes Enforcement Network has formally published, in the Federal Register, a final rule to include certain investment advisers in the definition of “financial institution” under the Bank Secrecy Act (BSA), prescribe minimum standards for anti-money laundering/countering the financing of terrorism programs to be established by certain investment advisers, require certain investment advisers to report suspicious activity to FinCEN pursuant to the BSA, and make several other related changes to FinCEN regulations.
The Federal Reserve Board has issued a Request for Information (RFI) seeking public input on questions related to the operational aspects of Federal Reserve Bank extensions of discount window and intraday credit. The Fed noted that its RFI does not seek comment on discount window or intraday credit policy considerations, such as the eligibility criteria and terms for discount window advances and intraday credit.
See the Regulation Tracker for details.
RegulatoryActivity: BankingOperations BankSecrecyAct FederalReserveSystem FinancialStability Loans