US
US Agencies Issue Notice of Proposed Rulemaking (NPR) Regarding the Financial Data Transparency Act (FDTA) Joint Data Standards (Federal Register 2024-18415)
The OCC, Federal Reserve Board of Governors, FDIC, NCUA, CFPB, FHFA, CFTC, SEC and Department of the Treasury invite public comment on a proposed rule to establish data standards to promote interoperability of financial regulatory data across these agencies. Final standards established pursuant to this rulemaking will later be adopted for certain collections of information in separate rulemakings by the agencies or through other actions taken by the agencies. The agencies are proposing this rule as required by the Financial Data Transparency Act (FDTA) of 2022. Comments must be received by 10/21/2024.
The Federal Deposit Insurance Corporation (FDIC) Issues Notice of Proposed Rulemaking (NPR) Regarding Unsafe and Unsound Banking Practices: Brokered Deposits Restrictions (Federal Register 2024-18214)
The FDIC is inviting comment on proposed revisions to its regulations relating to the brokered deposits restrictions that apply to less than well-capitalized insured depository institutions. The proposed rule would revise the ‘‘deposit broker’’ definition and would amend the analysis of the ‘‘primary purpose’’ exception to the ‘‘deposit broker’’ definition. The proposed rule would also amend two of the designated business relationships under the primary purpose exception and make changes to the notice and application process for the primary purpose exception. Comments must be received by the FDIC no later than 10/22/2024.
Fixed Income Clearing Corporation (FICC), Depository Trust Company (DTC) & National Securities Clearing Corporation (NSCC) Announce Proposed Rule on Clearance Data in Cloud Storage
On August 14, 2024, the FICC, DTC and NSCC proposed a rule to host a specified set of core clearance, settlement, and risk applications on public cloud infrastructure hosted by a third-party service. The proposed rule seeks to host a specified set of core clearance, settlement, and risk applications, including any Regulation Systems Compliance and Integrity systems and Critical SCI systems. It will be hosted on an on-demand network of configurable information technology resources running on public cloud infrastructure hosted by a third party service provider. Comments on the proposed amendments are due 21 days from publication in the Federal Register.
Canada
Internet filing will be unavailable from December 2, 2024
The Canadian Revenue Agency (CRA) informs RFIs that the internet filling application for XML submissions will be unavailable beginning December 2, 2024 due to maintenance.