Federal Register

Institute of Internal Auditors Reviewing SEC's New Climate Change Disclosure Rule

Retrieved on: 
Thursday, March 7, 2024
Knowledge, Enhancement, CPA, CGMA, IIA, CITP, Education, Research, Biophysical environment, Institute of Internal Auditors, ESG, Risk, Climate change, CIA, Register, Organization, Federal Register, Internal, Adaptation, Audit

LAKE MARY, Fla., March 7, 2024 /PRNewswire/ -- The Institute of Internal Auditors (The IIA) – the internal audit profession's leader in standards, certifications, education, research, and technical guidance worldwide – is currently reviewing the U.S. Securities and Exchange Commission (SEC)'s newly-issued Climate Change Disclosure Rule.

Key Points: 
  • LAKE MARY, Fla., March 7, 2024 /PRNewswire/ -- The Institute of Internal Auditors (The IIA) – the internal audit profession's leader in standards, certifications, education, research, and technical guidance worldwide – is currently reviewing the U.S. Securities and Exchange Commission (SEC)'s newly-issued Climate Change Disclosure Rule.
  • Following publication of the SEC's draft rule in March 2022, The IIA submitted a comment letter, in which it highlighted the need for effective governance over climate disclosures.
  • For internal auditors, the final rule involves new areas of review and assurance to the board regarding compliance with the new rule.
  • For more information on ESG-related resources for the internal audit profession, please visit The IIA's ESG Knowledge Center.

Commerce Department Announces Affirmative Preliminary Subsidy Determinations on Imports of Aluminum Extrusions from China, Indonesia, Mexico, and Turkey, Wiley Rein LLP Reports

Retrieved on: 
Tuesday, March 5, 2024
Absorption, Aluminium, International trade, United Steel Companies, Commerce, Paper, Forestry, Register, Federal Register, Wiley Rein

Today's determinations by Commerce establish the preliminary duty rates in the subsidies portion of the investigations.

Key Points: 
  • Today's determinations by Commerce establish the preliminary duty rates in the subsidies portion of the investigations.
  • These are preliminary determinations only, and subsidy rates may increase before the final determination.
  • They do not yet include the rates from the ongoing antidumping duty investigations of aluminum extrusions from China, Indonesia, Mexico, and Turkey, which will be added to the preliminary subsidy rates.
  • Duty evasion, absorption, and circumvention are illegal and closely monitored by U.S. Customs and Border Protection, in conjunction with the Commerce Department.

FTC Proposes New Protections to Combat AI Impersonation of Individuals

Retrieved on: 
Thursday, February 15, 2024
Social media, FTC, Hearing, AI, Supreme, News, Government, Blog, Register, Federal, Federal Register, Federal Trade Commission, Commission, Comment, Cryptocurrency

The proposed rule changes would extend protections of the new rule on government and business impersonation that is being finalized by the Commission today.

Key Points: 
  • The proposed rule changes would extend protections of the new rule on government and business impersonation that is being finalized by the Commission today.
  • The agency is taking this action in light of surging complaints around impersonation fraud, as well as public outcry about the harms caused to consumers and to impersonated individuals.
  • “Fraudsters are using AI tools to impersonate individuals with eerie precision and at a much wider scale.
  • For example, the rule would enable the FTC to directly seek monetary relief in federal court from scammers that:
  • The Commission vote to issue the final rule and the supplemental notice of proposed rulemaking and to publish them in the Federal Register was 3-0.
  • Chair Lina M. Khan issued a separate statement that was joined by Commissioners Rebecca Kelly Slaughter and Alvaro M. Bedoya.
  • The final rule on government and business impersonation will become effective 30 days from the date it is published in the Federal Register.

SEC Proposes Rule to Update Definition of Qualifying Venture Capital Funds

Retrieved on: 
Wednesday, February 14, 2024
Federal Register, Security (finance), Consumer Protection Act, Economic growth, Commission, Comment, Register, Cryptocurrency

Proposal would inflation adjust the dollar threshold to be considered a qualifying venture capital fund

Key Points: 
  • Washington, D.C.--(Newsfile Corp. - February 14, 2024) - The Securities and Exchange Commission today proposed a rule that would update the dollar threshold for a fund to qualify as a “qualifying venture capital fund” for purposes of the Investment Company Act of 1940 (Act).
  • The rule would update the dollar threshold to $12 million aggregate capital contributions and uncalled committed capital, up from the current standard of $10 million.
  • Qualifying venture capital funds are excluded from the Act’s definition of an “investment company.” The Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 requires the Commission to index the dollar figure for this threshold to inflation once every five years.
  • The proposed rule also would establish a process for future inflation adjustments every five years.

SEC Adopts Amendments to Enhance Private Fund Reporting

Retrieved on: 
Thursday, February 8, 2024
FSOC, Register, Contract management, Form, Security (finance), Finance, Federal Register, CFTC

The amendments, which the CFTC concurrently adopted, are designed to enhance the ability of the Financial Stability Oversight Council (FSOC) to monitor and assess systemic risk and to bolster the SEC’s oversight of private fund advisers and the agency’s investor protection efforts.

Key Points: 
  • The amendments, which the CFTC concurrently adopted, are designed to enhance the ability of the Financial Stability Oversight Council (FSOC) to monitor and assess systemic risk and to bolster the SEC’s oversight of private fund advisers and the agency’s investor protection efforts.
  • The SEC and CFTC also agreed to a memorandum of understanding related to the sharing of Form PF data.
  • “Since Form PF first was adopted, the SEC, CFTC, and FSOC have identified gaps in the information we receive from private fund advisers,” said SEC Chair Gary Gensler.
  • “These amendments to Form PF will enhance the Commissions’ and FSOC’s understanding of the private fund industry as well the potential systemic risk posed by the industry and its individual participants.

SEC Adopts Rules to Include Certain Significant Market Participants as "Dealers" or "Government Securities Dealers"

Retrieved on: 
Tuesday, February 6, 2024
Security (finance), Register, Congress, Federal Register, Treasury, Commission, SRO, Person, Financial adviser

Congress did not intend for registration and regulatory requirements to apply to some dealers and not to others.

Key Points: 
  • Congress did not intend for registration and regulatory requirements to apply to some dealers and not to others.
  • The adopting release for the final rules will be published in the Federal Register.
  • The final rules will become effective 60 days after publication of the adopting release in the Federal Register.
  • The compliance date for the final rules will be one year after the effective date of the final rules.

FTC proposes enhanced protections for kids online. Where do you stand?

Retrieved on: 
Sunday, February 4, 2024
Online, Umbrella, Parent, AES, Social, Fraud, CEH, Cause of action, FTC, Sensible, COPPA, CSO, Privacy, Abuse, Facial recognition, Kid, Internet, Blog, Minor, Federal Register, Amazon, Service provider, Collection, Social media, Mental health, Record, Student, Advertising, Service, Safe harbor, Comment, Government, Federal Trade Commission, Computer file, DOJ, Risk, Universal, Data collection, Policy, NOT, Android, Child, Social Security, Disclosure, School, ETEE, DATA, Parental consent

FTC proposes enhanced protections for kids online. Where do you stand? The FTC wants your comments about the enhanced protections it has in mind.

Key Points: 

FTC proposes enhanced protections for kids online. Where do you stand?

  • The FTC wants your comments about the enhanced protections it has in mind.
  • After the FTC announced it was considering revisions to the COPPA Rule, we received more than 175,000 comments.
  • You’ll want to read the Notice of Proposed Rulemaking for the details, but here is a brief recap of some of the provisions the FTC is considering:







FTC Announces Rule Changes Designed to Increase Oversight Effectiveness Over Horseracing Safety and Integrity Authority

Retrieved on: 
Saturday, February 3, 2024
Register, Bank statement, Federal Trade Commission, Social media, Regulations.gov, Fraud, News, Commission, Risk management, Federal, Federal Register, FTC, Privacy, Authority, Cryptocurrency

The Federal Trade Commission has proposed a number of changes and additions to the rules governing its oversight of the Horseracing Safety and Integrity Authority.

Key Points: 
  • The Federal Trade Commission has proposed a number of changes and additions to the rules governing its oversight of the Horseracing Safety and Integrity Authority.
  • The revised rule would also require the Authority to submit a multi-year strategic plan to the FTC.
  • The changes streamline the process by which the Authority submits, and the FTC approves, the Authority’s annual budget.
  • Follow the FTC on social media, read our blogs and subscribe to press releases for the latest FTC news and resources.

SEC Adopts Rules to Enhance Investor Protections Relating to SPACs, Shell Companies, and Projections

Retrieved on: 
Wednesday, January 24, 2024
Inline, Commission, Register, Federal Register, Regulation, Disclosure, Initial public offering, Security (finance)

The rules also address investor protection concerns more broadly with respect to shell companies and blank check companies, including SPACs.

Key Points: 
  • The rules also address investor protection concerns more broadly with respect to shell companies and blank check companies, including SPACs.
  • “Just because a company uses an alternative method to go public does not mean that its investors are any less deserving of time-tested investor protections,” said SEC Chair Gary Gensler.
  • In connection with de-SPAC transactions, the rules include disclosure requirements related to projections, including disclosure of all material bases of the projections and all material assumptions underlying the projections.
  • The rules also update and expand guidance on the use of projections in all SEC filings.