broker-dealers

  • FinCEN A7 Network Special Measure: Prohibiting Sub-Agent Transmittals

    On 1 October 2026 FinCEN released a notice of proposed rulemaking under section 9714(a) of the Combating Russian Money Laundering Act that would add a new 31 CFR 1010.668 and prohibit every covered US financial institution from sending or receiving funds, including convertible virtual currency (CVC), in transactions involving the A7 Network’s Sub-Agents. The FinCEN…

  • RTRS Reporting: Municipal Trades to the MSRB Within 15 Minutes

    RTRS reporting is the duty, set by MSRB Rule G-14, for every broker, dealer and municipal securities dealer to report each purchase and sale of a municipal security to the Municipal Securities Rulemaking Board’s Real-Time Transaction Reporting System (RTRS). From 1 July 2026 the Rule G-14 RTRS Procedures require a trade executed during the RTRS…

  • UK T+1 Settlement: The FCA’s 2027 Readiness Warning

    11 October 2027 is the government-supported first trading date for the UK T+1 transition. HM Treasury has committed to legislate for that date, but its latest published statutory instrument is still draft and subject to affirmative parliamentary approval. Under the draft, UK CSDR Article 5(2) would require in-scope transactions in transferable securities executed on a…