Recent regulatory changes for financial institutions that impact reporting in your region — highlighted by AxiomSL’s subject-matter experts.
North America
CIMA – Issued fund entity data return investment form
August 26, 2021 - CIMA issued REEFS Form Completion Guide Related Fund Entity Information...
FSB – Continuity of access to FMI services (FMI intermediaries) for firms in resolution: Framework for information from FMI intermediaries to support resolution planning
August 26, 2021 - FSB issued questionnaire Continuity of access to FMIs for firms in resolution: streamlined information collection to support resolution planning (revised 2021)...
BCBS – Issued an executive summary paper on step-in risk
August 26, 2021 - Step-in risk arises when a bank considers it may suffer negative impact from weakness/failure of unconsolidated entity and concludes it must step-in to provide support...
US Treasury – Treasury Department Releases Letter to Nonfinancial Corporate Stakeholders on LIBOR Transition
August 23, 2021 - In response letter from groups on concerns of nonfinancial corporations on transition from LIBOR to SOFR, alternative rates as deadline for LIBOR sundown approaches...
NFA – Proposed Amendments to NFA Financial Requirements Section 10 to Impose Late Fee for Certain Swap Dealer Filings and Proposed Interpretive Notice entitled Financial Requirements Section 17: Initial Margin Model Ongoing Monitoring Reports
August 23, 2021 - SD Late Fees: Amended Section 10 of financial requirements to impose late fee for certain SD filings...
CFTC – Issued analysis on oversight of digital assets
August 23, 2021 - CFTC released analysis on the commission’s role in digital asset oversight/ enforcement. Analysis issued by Commissioner Dawn Stump reflecting her own views on the subject...
SEC – Enhances Access to Financial Disclosure Data via EDGAR
August 19, 2021 - SEC announced application programming interfaces (API) to aggregate EDGAR data, to allow parties to easily obtain financial statements and disclosures of traded firms....
BEA – BE-15 – Annual Survey of Foreign Direct Investment in the United States and BE-11 – Annual Survey of U.S. Direct Investment Abroad
August 19, 2021 - Public comments were previously requested via the Federal Register on June 16, 2021, during a 60-day comment period...
BEA – BE-125 – Quarterly Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons
August 19, 2021 - Public comments were previously requested via the Federal Register on May 5, 2021, during a 60-day comment period...
FINRA – Launched redesigned eFOCUS on FINRA Gateway
August 18, 2021 - FINRA launched redesigned eFOCUS system in June 2021. The eFOCUS system provides capability to electronically submit FOCUS reports to FINRA...
Europe, the Middle East and Africa
Bundesbank Updates Anacredit Technical Documents
Aug 06, 2021 -The Bundesbank updated AnaCredit technical documents which will come into force from 01 February 2022.....
Isle Of Man FATCA And CRS – Updated Guidance On Penalty Provisions
Jun 22, 2021 - Isle Of Man FATCA And CRS – Updated Guidance On Penalty Provisions...
United Arab Emirates FATCA And CRS – Codes To Populate Missing US TINs
Jun 21, 2021 - United Arab Emirates FATCA And CRS – Codes To Populate Missing US TINs...
Germany FATCA And CRS – Updated List Of Reportable Jurisdictions
Jun 21, 2021 - Germany FATCA And CRS – Updated List Of Reportable Jurisdictions...
Luxembourg FATCA – New Code For Missing US TIN
Jun 7, 2021 - Luxembourg FATCA – New Code For Missing US TIN...
Cayman Islands FATCA and CRS Reporting Reminders
Jun 3, 2021 - Cayman Islands FATCA and CRS Reporting Reminders...
Mauritius FATCA And CRS – Code To Populate Missing US TIN
Jun 1, 2021 - Mauritius FATCA - Code To Populate Missing US TIN...
Isle Of Man US TIN – Code To Populate Missing US TIN
May 28, 2021 - Isle Of Man US TIN – Code To Populate Missing US TIN...
EBA Published Results of EU-wide Pilot Exercise on Climate Risk
May 21, 2021 -The European Banking Authority (EBA) published the results of its first EU-wide pilot exercise on climate risk....
Asia Pacific
JFSA published preliminary evaluation report on regulatory issues
March 4, 2021 1. Review...
New Zealand CRS – Updated List Of Reportable Jurisdictions
Jun 22, 2021 - New Zealand CRS – Updated List Of Reportable Jurisdictions...
US FATCA – Default Codes For Missing U.S. TINs
May 14, 2021 - U.S FATCA - Default Codes For Missing U.S. TINs...
Singapore FATCA And CRS – Simplified CRS Registration And Filing Requirements For Qualifying PICs
May 12, 2021 - Singapore FATCA And CRS - Simplified CRS Registration And Filing Requirements For Qualifying PICs...
Singapore FATCA And CRS – Simplified CRS Registration And Filing Requirements For Qualifying PICs
May 12, 2021 - Singapore FATCA And CRS - Simplified CRS Registration And Filing Requirements For Qualifying PICs...
Updated List Of Reportable Jurisdictions For Macau CRS
Mar 16, 2021 - Updated List Of Reportable Jurisdictions For Macau CRS...
Indonesia CRS Reporting: Standard CRS XML Schema Version 2.0
Mar 16, 2021 - Indonesia CRS Reporting: Standard CRS XML Schema Version 2.0 ...
Australia FATCA Reporting Deadline Extended To 31 Aug 2021
Mar 9, 2021 -Australia FATCA Reporting Deadline Extended To 31 Aug 2021...
Latin America
Colombia – Guide for the Reporting and Corrections of FATCA Information
July 28, 2021 – Colombia –...
US FATCA – Default Codes For Missing U.S. TINs
May 14, 2021 - U.S FATCA - Default Codes For Missing U.S. TINs...
Banco de Mexico – Form: Extensions to Liquidity Facilities
April 23, 2021 - Banco de Mexico made an update to the document "FORM RELATING TO THE PROVISION OF RESOURCES OR FINANCING OF THE...
BCRA – Communication “A” 7261 Circular on the Monthly Accounting Information Regime
April 13, 2021 - Through the new Communication "A" 7261, the BCRA attached a new text corresponding to "Section 10" for the presentation of...
Costa Rica CRS: Added TIN Rule For Corporations
Mar 31, 2021 - Costa Rica CRS: Added TIN Rule For Corporations...
BANXICO – Circular 1/2021
February 25, 2021 - The Governing Board of Banco de México announces that Banco de México will maintain extension to September 30, 2021 and...
Updated XML Schema And New CRS Version 2.0 Schema For Columbia CRS
Jan 1, 2021 - Updated XML Schema And New CRS v2.0 Schema For Columbia CRS...
Updated XML Schema And New CRS v2.0 Schema For Columbia CRS
Jan 1, 2021 - Updated XML Schema And New CRS v2.0 Schema For Columbia CRS...
Ecuador Updated TIN Rules For Individuals
Dec 16, 2020 - Ecuador Updated TIN Rules For Individuals...