NFA notice concerning anti-money laundering advisories. The National Futures Association informed members that the Financial Crimes Enforcement Network has issued an advisory on the FATF-identified jurisdictions with AML/CFT deficiencies and an advisory on promoting a culture of BSA/AML compliance. (8/18/2014) NFA Notice I-14-19.
FINRA examination programs revised. Revisions have been made to the Financial Industry Regulatory Authority’s General Securities Principal (Series 24) and General Securities Principal Sales Supervisor Module (Series 23) examination programs. The changes will appear in Series 24 and 23 examinations administered on or after October 13, 2014. (8/13/2014) FINRA Regulatory Notice 14-33.
ISDA reporting delegation agreement. The International Swaps and Derivatives Association has published the Reporting Delegation Agreement, which provides a bilateral standard form of reporting delegation agreement. (8/8/2014 ISDA press release.
FINRA definition of “Hearing Officer” amended. The Financial Industry Regulatory Authority amended the definition of “Hearing Officer” to include a former FINRA employee who previously acted as a Hearing Officer and who is a licensed attorney. The implementation date of the amendment is August 12, 2014. (8/6/2014) FINRA Regulatory Notice 14-32.