Recent regulatory proposals have indicated a significant shift in the oversight and requirements for financial and real estate sectors. The Financial Crimes Enforcement Network (FinCEN) has proposed sweeping Anti-Money Laundering (AML) requirements for Registered Investment Advisers and Emerging Regulatory Authorities, as noted by White & Case and Jenner & Block. Additionally, FinCEN is looking to implement new residential real estate reporting requirements, targeting professionals involved in all-cash deals with entities and trusts, with insights from Mayer Brown, Ballard Spahr, and Fried Frank. The Securities and Exchange Commission (SEC), with commentary from The Wall Street Journal's Private Equity section, is expanding its regulatory oversight of private fund advisers by amending Form PF. Meanwhile, the Securities and Exchange Board of India (SEBI), as reported by SEBI India, proposes to remove the requirement of a dedicated fund manager for commodities and overseas funds, affecting investments by equity ETFs and index funds. The Commodity Futures Trading Commission (CFTC) is also proposing a rule to address margin adequacy and the treatment of separate accounts by Futures Commission Merchants (FCMs), with information from K&L Gates.
FinCEN Proposes New Rule Requiring AML Compliance Programs for Investment Advisers https://t.co/zAHN8eZbmT #moneylaundering #financialadviser #finance @FinCENnews https://t.co/eVgzhKmdyb
FinCEN Proposed Rule Requires Reporting Residential Real Estate Professionals Closing All-Cash Deals With Entities And Trusts https://t.co/3egzcqrnMe #Financial #RealEstate #Cash @BTLawNews https://t.co/50X5rVR4W2
FinCEN’s Anti-Money Laundering Regulations for Residential Real Estate Transfers https://t.co/gTOhzp0OAA | by @frblaw
FinCEN Proposes BSA Reporting Requirements for Residential Real Estate https://t.co/kodQFQKp5K | by @ballardspahrllp
CFTC Proposes Rule to Address Margin Adequacy and Treatment of Separate Accounts by FCMS https://t.co/jOTicETX1H #finance #trading #commodities @KLGates https://t.co/WK5h3EOy3b
FinCEN Proposes New Residential Real Estate Reporting Requirements https://t.co/xaZQoWpj7c | by @Mayer_Brown
News Alert | SEBI: Proposes to remove requirement of dedicated fund manager for commodities and overseas funds This is the proposal on invesments by equity ETFs and index funds👇 @SEBI_India https://t.co/UYi3WMkJLX
SEC Expands Regulatory Oversight of Private Fund Advisers - Amendments to Form PF https://t.co/xJMGZSctd0 #privatefund #finance #financialadviser @WSJPE https://t.co/LwrRpJrKld
Client Alert: Unfinished Business: Investment Advisers Are Potentially Back on the Hook for Anti-Money-Laundering and Counterterrorism... https://t.co/gVhVioA4hY | by @JennerBlockLLP
FinCEN Again Proposes Sweeping AML Requirements for Registered Investment Advisers & ERAs https://t.co/Ns2OTo7ahp | by @whitecase