Category: News
House Votes Nearly Unanimously to Relax PPP Restrictions
Several restrictions on companies that borrow money through the Paycheck Protection Program would be relaxed under a bill approved by the House on May 28 by a 417-1 vote. Rep....
May 29, 2020
Tags: Congress, Coronavirus, COVID-19, Inside the Beltway, PPP
DOL Adopts E-Delivery Rule Supported by IAA
In a highly-anticipated and welcome move, the Department of Labor has adopted a rule permitting electronic delivery of certain retirement plan information. The IAA supported this rulemaking in a separate...
May 27, 2020
Tags: DOL, Electronic Delivery, Retirement Plans
SEC COVID-19 Market Monitoring Group Update
Following inquiries about its work, SEC Chairman Jay Clayton and Chief Economist S.P. Kothari issued an update on the efforts of the internal, interdisciplinary COVID-19 Market Monitoring Group (the Group)...
May 19, 2020
Tags: Coronavirus, COVID-19, FSOC, Jay Clayton, Systemic Risk
The future course of the COVID-19 pandemic – and the size and duration of its economic fallout – are the most significant risks to the U.S economy and financial system,...
May 18, 2020
Tags: Coronavirus, COVID-19, Federal Reserve Board, Financial Stability
From early February to mid-April, Federal Reserve staff surveyed 22 contacts at banks, investment firms, academic institutions, and political consultancies to gather their views on risks to U.S. financial stability....
May 18, 2020
Tags: Coronavirus, COVID-19, Federal Reserve Board, Financial Stability
IAA to NASAA: Proposed CE Should Leverage Existing IAR Training
The North American Securities Administrators Association (NASAA) has proposed continuing education requirements (CE) for investment adviser representatives (IARs) in a new model rule. The proposed framework would apply to IARs...
May 12, 2020
Tags: Continuing Education, NASAA, States
While generally supporting the SEC’s comprehensive approach to modernizing regulation around funds’ use of derivatives, the IAA is strongly opposing a proposed sales practice rule that would place new, prescriptive...
May 06, 2020
Tags: Derivatives, Fiduciary
IRS Issues FAQs on CARES Act Retirement Plan, IRA Provisions
The IRS has issued new FAQs on CARES Act provisions related to retirement plans and IRAs. The IRS and the Treasury Department are also developing additional CARES Act guidance, to...
May 06, 2020
Tags: CARES Act, Coronavirus, COVID-19, IRAs, IRS, Retirement Plans
The SEC has issued new guidance on disclosure requirements for investment advisers applying for and receiving Paycheck Protection Program loans, while the Treasury Department and Small Business Administration (SBA) have...
May 06, 2020
Tags: Coronavirus, Disclosure, PPP, SBA
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