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More than a year has passed since President Biden signed the Modernization of Cosmetics Regulations Act of 2022 (MoCRA) into law, substantially increasing the federal government's. ....
CFPB Issues Spring 2023 Agency Rule List | Buchalter jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
<p><span>Thank you, Beth [Zorc], for that introduction and thank you to the Institute of International Bankers for this opportunity to provide closing remarks to your 2023 Annual Washington Conference. For the last two days, you have been addressed by top U.S. financial regulators, including the chairman of the Federal Deposit Insurance Corporation, the acting Comptroller of the Currency, and the chairman of the Commodity Futures Trading Commission, on issues ranging from banking regulation, the economy, and financial crimes to cybersecurity, digital assets, and taxes. It is a privilege to close out your conference with thoughts on the capital markets. My remarks reflect solely my individual views as a Commissioner and do not necessarily reflect the views of the full U.S. Securities and Exchange Commission (SEC) or my fellow Commissioners.</span></p> ....
<p><span>I support the revised and extended staff no-action relief regarding swaps intended to be cleared (“No-Action Relief”). This expanded No-Action Relief appropriately recognizes the developments in the cleared swaps market in the decade following the issuance of the existing no-action positions in 2013, including the Commission’s issuance of exemptions from registration to certain non-US clearing organizations and swap execution facilities as provided for in the Commodity Exchange Act (“CEA”).</span><span> This approach facilitates the efficient use of cleared swaps and furthers our mandate to recognize comparable, comprehensive supervision and regulation of derivatives market infrastructure providers in other countries.</span></p> ....