Insurance News
Regulatory updates in plain English
Stay current with the latest from CMS, state departments of insurance, NAIC, the Federal Register, and Congress — rewritten so you can actually understand what it means for your practice.
Exemption of Debt Obligations Issued by the European Union Under the Securities Exchange Act of 1934 for Purposes of Trading Futures Contracts on Those Securities
The SEC is proposing a change that would allow debt issued by the European Union to be classified as 'exempted securities' in the U.S. This means that U.S. traders can buy and sell futures contracts on these EU debts more easily. The goal is to make it simpler for U.S. investors to access these mark...
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing and Extension of the Review Period of an Advance Notice, as Modified by Partial Amendment No. 1, To Establish a Guaranty Fund at the Government Securities Division
The Fixed Income Clearing Corporation (FICC) is making changes that affect how it manages its Clearing Fund. They will now need to keep this fund either in a bank account at a commercial bank that is federally insured or in an account at the Federal Reserve Bank of New York. If they choose the bank ...
Self-Regulatory Organizations; Fixed Income Clearing Corporation; Notice of Filing of Proposed Rule Change, as Modified by Partial Amendment No. 1, To Establish a Guaranty Fund at the Government Securities Division
The Fixed Income Clearing Corporation (FICC) is making changes to its rules that will affect how it manages its Clearing Fund. From now on, FICC must keep this fund either in a bank account at a commercial bank that is insured by the Federal Deposit Insurance Corporation or in an account at the Fede...
Cboe Clear U.S., LLC; Notice of Filing of an Application, as Amended, for Temporary Registration as a Clearing Agency Under Section 17A of the Securities Exchange Act of 1934
Cboe Clear U.S., LLC has applied for temporary registration as a clearing agency, which affects broker-dealers who handle customer funds. They need to ensure they have the right permissions to manage these funds according to specific rules. Insurance companies and other financial entities may also b...
Electronic Delivery of Information Under the Federal Securities Laws
The Securities and Exchange Commission (SEC) is introducing a new rule called Regulation E-Delivery. This rule allows certain companies to send important information to investors electronically without needing their permission first. Additionally, the SEC plans to remove an old rule that allowed inv...
Self-Regulatory Organizations; Municipal Securities Rulemaking Board; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change Consisting of Amendments to MSRB Rule G-28, on Transactions With Employees and Partners of Other Municipal Securities Professionals, To Harmonize and Better Align With FINRA Rule 3210, on Accounts at Other Broker-Dealers and Financial Institutions
The Municipal Securities Rulemaking Board (MSRB) has updated its rules to better match the Financial Industry Regulatory Authority (FINRA) guidelines. This change affects municipal securities professionals who handle accounts with other financial institutions, such as banks and insurance companies. ...
Paxos Securities Settlement Company, LLC; Order Granting an Application for Temporary Registration as a Clearing Agency Under Section 17A of the Securities Exchange Act of 1934
Paxos Securities Settlement Company has received temporary approval to operate as a clearing agency, which is important for broker-dealers, banks, and insurance companies. This means they can now participate in clearing and settling securities transactions. Insurance agents should be aware of this c...
30-Day Notice of Proposed Information Collection: Ginnie Mae Mortgage-Backed Securities Programs
The Department of Housing and Urban Development (HUD) is asking for feedback on a new information collection related to Ginnie Mae Mortgage-Backed Securities Programs. This is part of a process to get approval from the Office of Management and Budget (OMB). Interested parties have 30 days to share t...
Securities Investor Protection Corporation; Order Approving the Determination of the Board of Directors of the Securities Investor Protection Corporation Not To Adjust for Inflation the Standard Maximum Cash Advance Amount and Notice of the Standard Maximum Cash Advance Amount
The Securities Investor Protection Corporation (SIPC) has decided not to increase the maximum cash advance amount, which remains at $250,000. This decision affects investors who rely on SIPC for protection against the loss of cash claims. SIPC believes that adjusting the cash advance amount for infl...