Regulus — The global regulatory broadcast network

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United States CISA Advisories AI, Technology & Data ✓ 15 claims 22 Oct 2026

CISA and Canadian Cyber Centre issue joint guidance on AI token consumption

CISA, Canada's Cyber Centre and partners released joint guidance on managing token consumption in third-party super intelligence services. It treats unmanaged token usage not as a billing nuisance but as an availability and resilience problem for critical infrastructure, and sets out practical steps to prioritise, monitor and optimise consumption while keeping human oversight of AI-enabled defence workflows.

CISA, the Canadian Centre for Cyber Security and partners jointly published the guidance on 22 October 2026.
The guidance names token exhaustion and denial-of-tokens or denial-of-wallet attacks as risks of unmanaged consumption.
Recommended steps include prioritising token allocation, caching and reusable context, optimising data before submission, and monitoring consumption over time.
Critical infrastructure owners are told to identify mission-critical functions dependent on SI and plan for reduced availability during outages, incidents or high demand.
Cyber defenders are advised to run SI-enabled defence workflows while maintaining human oversight, governance and cybersecurity fundamentals.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Markets & Infrastructure ✓ 33 claims 22 Oct 2026

US industrial production rose 0.7% in September as utilities surged

The Federal Reserve's September industrial production report, summarised by the ABA Banking Journal, shows headline output up 0.7% after a flat August, driven by utilities and consumer goods. Manufacturing managed only a modest gain as motor vehicle output fell. For bank economists and credit teams tracking the real economy, the composition matters as much as the headline.

Total industrial production rose 0.7% in September and stood 2.2% above its year-earlier level at 104.0% of the 2017 average.
Utilities output surged 3.5% and manufacturing rose 0.3%, while business equipment was unchanged among the major market groups.
Motor vehicles and parts output fell 3.0%, dragging on durable manufacturing, which edged up just 0.1% for the month.
Semiconductor and related electronic components output rose 28.4% in the third quarter, lifting durable manufacturing to a 3.8% annual growth rate.
Capacity utilization moved up to 76.9%, which remains 2.5 percentage points below its 1972 to 2025 long-run average.

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Federal Register — Federal Reserve Source document ↗

United States Federal Register — Federal Reserve Prudential & Capital ✓ 14 claims 22 Oct 2026

Fed posts change-in-control notice for Missouri's Midwest Regional Bancorp

The Federal Reserve has published a Change in Bank Control Act notice covering a family group seeking to acquire voting shares of Midwest Regional Bancorp, Inc. of Festus, Missouri, and indirectly its bank subsidiary. The notice sets a comment deadline and routes filings through the Federal Reserve Bank of St. Louis. It is a procedural publication, but it marks the start of the public clock.

The notice is filed under the Change in Bank Control Act (12 U.S.C. 1817(j)) and section 225.41 of Regulation Y (12 CFR 225.41).
The group acting in concert proposes to acquire voting shares of Midwest Regional Bancorp, Inc., Festus, Missouri, and indirectly Midwest Regional Bank, Clayton, Missouri.
Written comments on the standards in paragraph 7 of the Act must be received no later than October 30, 2026.
The applicants include two Bender family revocable living trusts, seven named individuals, and JJB Capital, LLC, with the filing routed through the Federal Reserve Bank of St. Louis.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Conduct & Consumer ✓ 15 claims 22 Oct 2026

Oklahoma landlord to pay $52,500 over refusal to rent to family with child

A DOJ civil rights settlement resolves a lawsuit against the owners of an Oklahoma City apartment complex accused of refusing to rent to a single mother once she disclosed her three-year-old son would live with her, a violation of the Fair Housing Act's familial status protections.

Defendants agreed to pay $52,500 to the woman who was denied an apartment at The Vintage at Mesta Park.
The lawsuit was filed in the U.S. District Court for the Western District of Oklahoma in August 2025, following events from July 2022.
Defendant Jacqueline Fox allegedly told the woman she could not move in because no children had resided at the property in over eight years and it was not "kid friendly."
The settlement requires defendants to implement a nondiscrimination policy and undergo training to prevent future familial status discrimination.
HUD referred the case to DOJ after investigating the woman's complaint and issuing a charge of discrimination.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 26 claims 22 Oct 2026

DOJ charges 15 in Los Angeles health care fraud takedown over $1.8bn in claims

The Justice Department's new National Fraud Enforcement Division unveiled a coordinated Los Angeles takedown spanning sober home, hospice, atherectomy, genetic testing and pharmacy fraud. For compliance leads at insurers and providers, the sweep shows how data analytics now drives case selection and how kickback-driven patient recruitment remains the common thread across schemes totalling over $1.8 billion in fraudulent claims.

Nathan Young, David Young, Honey Phipps and Cody Phipps are charged over a scheme that billed private insurers more than $1.6 billion for sham substance abuse treatment, with co-defendant Nicholas Moore pleading guilty to assisting $199 million in fraudulent claims.
Dr. Harold Tabaie and Hany Malek face a $135 million Medicare scheme for unnecessary atherectomies, a case DOJ says was identified through data analytics showing Tabaie as an extreme national billing outlier from 2016 through 2023.
Three separate hospice schemes, charged against Geoffrey Jimenez, Dr. Richard Keech and Armani Raffi, allegedly billed Medicare over $138 million for patients who were not terminally ill, with non-death discharge rates far above the national average.
Christina Mareik was indicted over a nearly $270 million Medi-Cal pharmacy scheme exploiting the suspension of prior-authorization requirements, with approximately $269,130,000 billed and at least approximately $178,746,000 paid.
Doctors Hassan Badday and Robby Ayoub are charged with accepting per-patient kickbacks from a marketer for ApolloMDx laboratory in exchange for authorizing medically unnecessary genetic testing orders.

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US Federal Trade Commission — press releases Source document ↗

United States US Federal Trade Commission — press releases Conduct & Consumer ✓ 19 claims 22 Oct 2026

FTC sues ticket broker REPS over scheme to bypass purchase limits

The FTC referred a complaint to the Department of Justice against ticket broker REPS & Company and three executives, alleging systematic circumvention of ticket-issuer purchase limits under the Better Online Ticket Sales Act. The case touches on how resellers evade platform security controls and what obligations that law imposes on brokers operating at scale.

The complaint alleges REPS purchased more than eight tickets for at least 83,500 events since 2022.
REPS allegedly spent more than $1.3 billion to amass more than 18.5 million tickets.
The complaint alleges REPS generated at least $120.8 million in profit reselling these tickets.
One example cites $833,000 in profit from using 1,300 accounts to buy 7,624 tickets to a 2023 Beyonce Renaissance tour concert in Kansas City.
The Commission voted 2-0 to refer the complaint to the DOJ, which filed it in the U.S. District Court for the Southern District of California.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 25 claims 22 Oct 2026

Cboe EDGX bars unpriced orders outside regular hours ahead of 23x5 launch

Cboe EDGX has filed two clarifying amendments to its order-handling rules as it prepares to trade 23 hours a day, five days a week. The changes restrict execution of unpriced orders to regular trading hours and tighten the wording on when Day Orders entered overnight expire. The filing took effect immediately as non-controversial, with comments open until November 12, 2026.

New text in Rule 11.1(a)(3) states that orders without a limit price will not be eligible for execution outside Regular Trading Hours, which are 9:30 a.m. to 4:00 p.m. Eastern Time.
Rule 11.6(q)(2) is amended so a Day Order entered during Order Acceptance Queueing Time or the Overnight Trading Session expires at the end of Regular Trading Hours on the business day to which the Overnight Trading Session belongs.
The Exchange filed the change as a non-controversial proposal under Section 19(b)(3)(A)(iii) and Rule 19b-4(f)(6), making it immediately effective.
The amended rule text takes effect in December 2026 pending industry readiness, operative in conjunction with the Original Filing approved under SR-CboeEDGX-2026-019.
Written comments must be submitted on or before November 12, 2026, referencing file number SR-CboeEDGX-2026-071.

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US Federal Trade Commission — press releases Source document ↗

United States US Federal Trade Commission — press releases Financial Crime ✓ 19 claims 22 Oct 2026

FTC sues GovAssist and owner Scott Zuckerman over passport impersonation scheme

The FTC has filed suit against GovAssist LLC, Entry LLC and individual Scott Zuckerman, alleging they impersonated the US government to lure travellers seeking passport services. The case tests the agency's Impersonation Rule and reaches a defendant already operating under a prior FTC order. For compliance teams at advertisers and platforms, it maps how the FTC frames paid-search impersonation as an FTC Act violation.

The FTC alleges GovAssist, Entry and Zuckerman impersonated the US State Department through paid Google search ads since at least October 2023.
The complaint cites violations of the FTC Act, the Impersonation Rule and the Gramm-Leach-Bliley Act.
Defendants advertised services starting at $89 while the lowest actual price was $119 plus a $29 shipping fee, totalling $148 as stated by the FTC.
Individual defendant Scott Zuckerman ran the scheme while under a prior FTC order in the unrelated Support King LLC stalkerware case.
The Commission authorised the complaint on a 2-0 vote; it was filed in the US District Court for the District of Puerto Rico.

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Bank of Ghana Source document ↗

Bank of Ghana Markets & Infrastructure ✓ 10 claims 22 Oct 2026

Bank of Ghana publishes Q4 2026 government securities issuance calendar

The Bank of Ghana has released its quarterly notice confirming publication of the government's securities issuance calendar covering October to December 2026. This brief update is relevant to treasury and fixed-income teams tracking Ghana's sovereign debt issuance schedule for planning purposes.

Notice No.51 was published by the Bank of Ghana on October 22, 2026.
The notice covers the government's issuance calendar for the period October to December 2026.
The published source page does not reproduce the calendar's specific auction dates or instrument details.
The notice was issued alongside other Bank of Ghana publications dated between September 25 and October 22, 2026.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Financial Crime ✓ 19 claims 22 Oct 2026

OFAC clears 125 names in sanctions overhaul, issues first PAIPA licenses

The ABA's fortnightly digest of OFAC and State Department sanctions activity through Oct. 19 covers a 125-name delisting, the first general licenses under the Protecting American Intellectual Property Act, fresh Russia, Iran and Cuba measures, an ICC-related settlement, cartel designations and Venezuela earthquake-relief authorization. Screening and wind-down obligations run in several directions at once.

On Oct. 5, OFAC removed 125 individuals and entities from its sanctions lists and updated 22 list entries to improve compliance screening.
On Oct. 19, OFAC issued PAIPA General License 1 and General License 2 and added entities to its non-SDN menu-based sanctions list.
OFAC reached a $175,015 settlement with Pegasus Worldwide Logistics over potential sanctions and reporting violations, and issued four ICC-related general licenses.
On Oct. 15, State designated Cuba's BANCO INTERNACIONAL DE COMERCIO S.A. (BICSA) under E.O. 14404 and OFAC issued Russia- and Iran-related general licenses.
OFAC issued Venezuela-related General License 60A authorizing transactions related to earthquake relief efforts and amended FAQ 1263.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Conduct & Consumer ✓ 12 claims 22 Oct 2026

DOJ and FTC sue California ticket broker over BOTS Act violations

The Justice Department's Civil Division, with the FTC, has filed a civil complaint against a California ticket broker and its executives for allegedly circumventing ticket-purchase limits at scale. This briefing covers who is named, the statutory basis, and the figures alleged in the filing.

DOJ's Civil Division and the FTC filed a complaint against REPS & Company Inc. and three named executives: Ryan Pancheri, Brian Archibald, and Nicholas Totagrande.
The complaint alleges violations of the FTC Act and the Better Online Ticket Sales (BOTS) Act, which bars circumventing ticket sellers' access controls.
Defendants allegedly spent more than $1.3 billion to amass over 18.5 million tickets for thousands of events since 2022.
The complaint alleges at least $120.8 million in profit from reselling the tickets on the secondary market.
The case was filed in the U.S. District Court for the Southern District of California; the claims are allegations only, with no determination of liability.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Governance & Accountability ✓ 12 claims 22 Oct 2026

DOJ sues St. Paul and Portland over mask and ID rules for federal officers

The Justice Department has filed complaints against two cities challenging local ordinances that regulate how federal law enforcement officers identify themselves and whether they may wear masks. The filings extend a wider Civil Division campaign against state and local measures it views as obstructing federal operations, a pattern compliance and government affairs teams tracking federal-local friction should note.

DOJ filed lawsuits against St. Paul, Minnesota and Portland, Oregon on October 15, 2026, press release number 26-1209.
The challenged laws are Saint Paul Code of Ordinances §§ 268A-268B and Portland City Code §§ 23.30.030 and 23.30.100.
The complaints invoke the Supremacy Clause, arguing local governments cannot regulate equipment worn by federal officers on duty.
Attorney General Blanche has directed the Civil Division to identify state and local laws impeding federal law enforcement operations nationwide.
The department describes these filings as part of a series that has previously targeted New York, Virginia, Connecticut, New Jersey, California, Maryland, Philadelphia, Denver and Milwaukee.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 17 claims 22 Oct 2026

Smuggler sentenced to five years for northern border human smuggling ring

A DOJ press release details the sentencing of Edgar Sanchez-Solis, a leader of an alien smuggling organization that moved migrants across the US-Canada border. The case, part of Operation Take Back America and Joint Task Force Alpha, outlines the scheme's structure, a 2023 vehicle chase, and co-defendants awaiting sentencing.

Edgar Sanchez-Solis, 27, was sentenced to five years in prison for conspiracy to commit alien smuggling and five counts of alien smuggling for commercial advantage and private financial gain.
The smuggling organization operated between December 2022 and April 2025 and smuggled hundreds of aliens from Mexico and Central and South America across the Canadian border into the United States.
In May 2023, a van carrying smuggled aliens led US Border Patrol on a vehicle chase that ended when officers used a tire deflation device.
Three co-defendants, Ignacio Diaz-Perez, Samuel Diaz-Perez, and Salvador Diaz-Diaz, pleaded guilty to related conspiracy and smuggling counts and are expected to be sentenced on November 23.
Joint Task Force Alpha's work to date has resulted in more than 486 domestic and international arrests and more than 486 US convictions, according to the release.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 17 claims 22 Oct 2026

San Diego man pleads guilty to evading over $6.7 million in taxes

The Justice Department announced a guilty plea in a tax evasion case involving an unreported income scheme tied to the sale of purported federal tax credits. The item covers the scale of unreported income, how proceeds were concealed and spent, and the sentencing timeline, relevant to compliance teams tracking enforcement trends in tax-related fraud.

Peter L. Roper's businesses received nearly $19 million in income between 2010 and 2021 that was never reported to the IRS.
Roper owed more than $6.7 million in federal income taxes on that unreported income.
He spent $187,432.34 on a 2015 McLaren 650S Spider and $277,698.50 on a 2021 Aston Martin DBX using business funds.
Roper concealed assets by titling them in the names of others and pleaded guilty to one count of tax evasion.
Sentencing is scheduled for Jan. 8, with a maximum penalty of five years in prison.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Markets & Infrastructure ✓ 10 claims 22 Oct 2026

US retail sales rise 0.8% in September, topping forecasts

A short data note from the ABA Office of the Chief Economist on the Commerce Department's September 2026 retail sales estimate, with the trade group's read on what it means for consumer lending demand. Useful for bank economists and lending teams tracking consumer demand signals.

September 2026 retail and food services sales reached $745 billion, up 0.8% from August, exceeding the 0.3% market expectation.
August 2026 retail sales growth was revised upward to 1.3% from an initial 1.1%.
Gasoline station sales rose 6.4% in September, while sales excluding gas stations rose only 0.2%.
Retail sales were up 6.2% year over year compared with September 2025.
The ABA Office of the Chief Economist warns that sustained higher essential spending could hurt consumer loan performance.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Conduct & Consumer ✓ 13 claims 22 Oct 2026

Jamaican national pleads guilty to illegal voting in 2024 US election

A guilty plea in federal court in Trenton shows the Justice Department's Election Integrity Task Force pursuing individual noncitizen voting cases alongside broader actions. The case carries direct relevance for compliance teams monitoring how federal agencies coordinate on immigration and election-related enforcement, and signals continued prioritization of this enforcement area.

Gaye Tyndale-Simpson, 55, a citizen of Jamaica, pleaded guilty to one count of voting by an alien in a federal election.
The plea concerns votes cast in the November 2024 general election, held in part to elect a president.
The charge carries a maximum penalty of up to 6 months in prison and a $100,000 fine.
Sentencing before Judge Singh is scheduled for February 24, 2027.
The case was investigated by the FBI, Homeland Security Investigations, the State Department's Diplomatic Security Service, and USCIS under the U.S. Attorney's Office's Election Integrity Task Force.

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US Federal Trade Commission — press releases Source document ↗

United States US Federal Trade Commission — press releases Conduct & Consumer ✓ 21 claims 22 Oct 2026

FTC wins $106.8 million judgment shutting down debt relief scheme

This item covers a default judgment and related stipulated orders closing out an FTC enforcement action against a debt relief operation accused of impersonating banks and government agencies. It matters for compliance teams at debt relief and credit services firms because it details the specific bans and asset turnover terms now attached to individuals and entities in the industry.

The court entered a $106.8 million default judgment on October 14, 2026 against Accelerated Debt Settlement Inc. and six affiliated entities.
Jeffrey Lakes faces a $104.3 million judgment, jointly and severally with other defendants, partially suspended after he turns over approximately $12.6 million in assets.
Robert Knechtel's $37,299,828 judgment will be suspended based on his inability to pay.
Elizabeth Reaney must transfer $175,000 or the title to her home in Scottsdale, Arizona.
The order bans defendants from impersonating government entities or businesses, telemarketing, and misrepresenting credit report purposes or debt relief outcomes.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Conduct & Consumer ✓ 19 claims 22 Oct 2026

Village Capital to pay over $500,000 over servicemember loan rights violations

DOJ settled claims that VA home loan servicer Village Capital & Investment LLC mishandled Servicemembers Civil Relief Act interest rate protections and retaliated against borrowers who asserted their rights. The settlement sets out payment terms, a civil penalty and compliance obligations relevant to other VA loan servicers monitoring SCRA enforcement.

DOJ alleges Village Capital failed to apply SCRA's 6% interest rate cap retroactively to at least 41 servicemembers' pre-service mortgage debts.
The company will pay at least $425,000 to affected servicemembers plus a $79,380 civil penalty, the maximum for a first SCRA violation.
DOJ alleges Village Capital misled borrowers by telling them their rate was already below 6% when it was in fact above 6%.
The settlement requires Village Capital to revise policies and procedures and provide SCRA training to employees.
DOJ alleges Village Capital retaliated against rate-benefit requesters by accelerating principal and falsely reporting their loans as delinquent to the VA.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Governance & Accountability ✓ 20 claims 22 Oct 2026

US banks turn to podcasts for marketing as listenership reaches 158 million

The ABA Banking Journal profiles how community and regional banks use podcasting as a marketing and relationship tool. It draws on practitioners at South State Bank, Sunrise Banks and the former Keystone Bank, covering why they launched, how they measure results and what separates shows that gain traction from those that stall. A short, practical read for marketing and communications leads.

RSS.com data cited in the piece puts US monthly podcast listeners at more than 158 million, about half of Americans aged 12 and over.
Grandview Research forecasts the US podcasting market will grow by about 19 percent between 2025 and 2030.
South State Bank's The Community Bank Podcast now averages about 3,500 downloads per month, up from roughly 500 at its 2020 launch.
Practitioners stress defining a target audience and keeping production lean, with Sunrise Banks describing a setup of "a Yeti mic and then some graphic designer's time."
There are approximately 4.5 million podcasts registered worldwide, making intentional promotion necessary to capture attention.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Financial Crime ✓ 14 claims 22 Oct 2026

ISIS-inspired inmate gets 50 years for stabbing attack on prison guards

A Justice Department press release details the sentencing of Abdulrahman El Bahnasawy for a 2020 assault on two corrections officers at USP Allenwood while he was already incarcerated for plotting ISIS attacks in New York City. The release covers the sentence, the underlying conduct, and prior proceedings.

Bahnasawy, 28, was sentenced to 50 years for the Dec. 7, 2020 attack on two corrections officers at USP Allenwood.
The 50-year term runs consecutive to the 40-year sentence he is already serving for plotting a 2016 ISIS attack in New York City.
Bahnasawy pleaded guilty in November 2025 to assault, assault with intent to commit murder, possession of contraband, and providing material support to ISIS.
One of the two attacked corrections officers lost his right eye as a result of the assault.
A note reading 'This is a terrorist attack for the Islamic State' was found in Bahnasawy's sock after he was restrained.

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Federal Register — State Department Source document ↗

United States Federal Register — State Department Financial Crime ✓ 12 claims 22 Oct 2026

State Department waives child soldier arms restrictions for eight countries

The Child Soldiers Prevention Act bars certain US military assistance and arms sales to governments that recruit child soldiers unless the President certifies progress and waives the restriction. This notice records the annual national-interest determination covering eight countries and sets out exactly which categories of assistance each waiver unlocks.

The waiver for the Central African Republic covers IMET assistance, excess defense articles and DCS licenses only.
The DRC waiver is limited to IMET, peacekeeping operations assistance and DCS licenses.
Ethiopia, Nigeria and Yemen receive full waivers of the section 404(a) prohibition with no stated limitation.
Somalia's waiver is restricted to peacekeeping operations assistance and support under 10 U.S.C. 331 and 10 U.S.C. 333.
The Russian Federation receives a waiver solely for DCS licenses connected to the International Space Station.

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Federal Register — NCUA Source document ↗

United States Federal Register — NCUA Prudential & Capital ✓ 22 claims 22 Oct 2026

NCUA seeks comment on renewing five credit union reporting collections

The NCUA has published a Paperwork Reduction Act notice covering the renewal of five existing information collections it intends to submit to OMB for clearance. The filings span capital planning, supervisory stress testing, loan participation, the Central Liquidity Facility and premises rules. None is a new obligation, but the notice fixes the agency's burden estimates and opens a comment window that closes on December 21, 2026.

Comments on all five collections are due by December 21, 2026, after which the requests go to OMB for clearance.
Each collection is an extension of a previously approved collection, not a new requirement.
Capital planning and stress testing (12 CFR 702-E) carries the highest estimated annual burden at 11,710 hours; loan participation (701.22) is estimated at 2,916 hours.
Capital planning and stress testing rules apply to federally insured credit unions reporting $10 billion or more in assets on their March 31 Call Report, with plans due to NCUA by March 31 each year.
Supervisory stress test tiers run from Tier I ($10bn to under $15bn) through Tier III ($20bn or more), with Tier II and III credit unions required to conduct the tests.

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Federal Register — State Department Source document ↗

United States Federal Register — State Department Governance & Accountability ✓ 17 claims 22 Oct 2026

State Department delegates presidential appointments authority to office director

A routine Federal Register notice records a formal delegation of authority within the State Department, transferring specific administrative powers to the Office of Presidential Appointments. It affects internal State Department process rather than external regulated industries, but it documents how authority over diplomatic titling, accreditation and custody of the Great Seal is now exercised.

Under Secretary for Management Jason Evans signed Delegation of Authority No. 629 on August 11, 2026, per the notice's summary.
The delegation gives the Director and Deputy Director of the Office of Presidential Appointments authority to prescribe regulations and approve exceptions under the office's programs.
The delegation covers approval of Minister-Counselor and Counselor diplomatic title exceptions where lack of title would impair mission functions.
The delegation includes authority to approve accreditation of non-U.S. government personnel abroad, including personal services contractors, commercial contractors and grantees.
The Director and Deputy Director also assume the role of Custodian of the Great Seal of the United States under this delegation.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Conduct & Consumer ✓ 10 claims 22 Oct 2026

SEC corrects comment deadline for interval fund share class proposal

The SEC has issued a correction to the DATES section of a proposed rule on interval fund modernization and multiple share classes for registered closed-end management companies. This brief covers what the correction changes, the affected release numbers, and the revised comment deadline firms should track.

The correction applies to proposed rules document 2026-20360, originally published October 5, 2026 at page 63388 of the Federal Register.
The corrected DATES section sets the comment deadline as December 4, 2026.
The rulemaking covers 17 CFR Parts 239, 249, 270, and 274 under Release No. 33-11444, 34-106534, IC-36351, File No. S7-2026-34, RIN 3235-AN83.
The correction notice was filed on October 19, 2026 at 8:45 a.m.

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National Crime Agency UK Source document ↗

United Kingdom National Crime Agency UK Financial Crime ✓ 16 claims 22 Oct 2026

'Lord of Fraud' Hugh Rodley admits child sexual abuse offences after NCA inquiry

The National Crime Agency reports that Hugh James Rodley, previously jailed over two large-scale frauds, has admitted making and possessing indecent images of children. The case sits outside conventional financial-crime reporting, but it concerns a figure whose fraud convictions are well known to the sector and illustrates how NCA arrests on one matter can surface entirely separate offending.

Rodley admitted six counts of making indecent images or videos of children and one count of possession at Cheltenham Magistrates' Court on 22 October.
A laptop seized after his 4 December arrest held 198 indecent images, 19 at category A, 12 at category B and 167 at category C, with at least 806 related searches.
After a second arrest on 27 January, officers found an iPhone containing 295 indecent images used almost immediately after he was bailed.
Rodley was previously jailed for eight years in 2009 over an attempt to steal £229m from a Japanese bank and for seven years in 2012 for defrauding more than 700 pensioners of £6m.
He returns to Cheltenham for sentencing on 22 November.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Governance & Accountability ✓ 12 claims 22 Oct 2026

DOJ opens CRIPA probe into conditions at D.C. jail facilities

The Justice Department has notified D.C. Mayor Muriel Bowser that it is opening a federal civil rights investigation into the D.C. Department of Corrections. The probe follows allegations including excessive force, inadequate medical care and unsanitary conditions, and will test whether a pattern or practice of constitutional violations exists under CRIPA.

The Justice Department notified D.C. Mayor Muriel Bowser on October 19, 2026 of a federal investigation into D.C. DOC correctional facilities.
The investigation proceeds under the Civil Rights of Institutionalized Persons Act (CRIPA), covering patterns or practices of resistance to constitutional rights.
Allegations include failure to protect inmates from excessive force, inadequate medical care, unsafe and unsanitary conditions, and inadequate nutrition.
The Department cites numerous allegations plus a report from the District of Columbia's own Auditor as grounds for the probe.
DOJ states it has not reached any conclusions regarding the allegations and is soliciting further information via civilrights.justice.gov/report/.

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Washington State DFI Source document ↗

United States Washington State DFI Financial Crime ✓ 15 claims 22 Oct 2026

Washington DFI files Statement of Charges against Digital Access and Christina Habhab

The Washington State Department of Financial Institutions has entered a Statement of Charges naming Digital Access, LLC and an associated individual under the Uniform Money Services Act. The published record carries only the case identifier, the respondents, the date and the governing act, so this briefing reports what the filing states and no more.

The DFI entered a Statement of Charges, case number C-26-4362-26-SC01, on 15 October 2026.
The respondents are Digital Access, LLC (NMLS #2185177) and Christina C. Habhab (NMLS #2301318).
The action is brought under the Uniform Money Services Act.
The full order is published as a linked PDF, C-26-4362-26-SC01-Digital-Access-LLC-et-al_web.pdf.

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Bank of Russia Source document ↗

Bank of Russia Prudential & Capital ✓ 14 claims 22 Oct 2026

Bank of Russia revokes licence of NCO Taidon over missed mandatory payments

The Bank of Russia has withdrawn the banking licence of NCO Taidon LLC, a small non-bank credit organisation in Kemerovo, citing poor asset quality and insolvency. The regulator installed a provisional administrator the same day. This item sets out the stated grounds, the statutory basis and the immediate consequences for a reader tracking Russian prudential actions.

The Bank of Russia revoked NCO Taidon LLC's licence by Order No. OD-1864 dated 22 October 2026 under Clause 4 of Part 2 of Article 20 of the Federal Law 'On Banks and Banking Activities'.
The regulator acted on the basis that the institution failed to make mandatory payments for longer than 14 days and had become insolvent.
NCO Taidon LLC ranked 355th by assets in the Russian banking system according to financial statements as of 1 October 2026.
By Order No. OD-1865 the Bank of Russia appointed a provisional administrator until a receiver or liquidator is appointed, and under federal laws the powers of the executive bodies were suspended.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Financial Crime ✓ 14 claims 22 Oct 2026

Fraud now costs US financial firms $5.47 for every $1 lost, LexisNexis finds

Two industry studies quantify what fraud is costing US banks and financial services firms. LexisNexis puts the multiplier on each dollar of fraud at $5.47, up from $4 in 2021, while PYMNTS.com finds institutions now spend more than $2 to prevent every $1 that gets through. The data points to mobile channels, AI-generated techniques and a sharp divergence between large banks and fintechs.

LexisNexis finds every $1 of fraud costs US financial services firms $5.47, up from $4 in 2021.
Websites and mobile apps accounted for nearly 70% of fraud losses, and 96% of institutions reported more fraud targeting mobile channels.
Institutions estimated AI-generated techniques contributed to 19% of fraud losses in the US.
PYMNTS.com put losses per institution at $1.92 million in 2026, up 8% from $1.78 million in 2024, with prevention spend rising to $4.35 million.
Nonbank fintech firms saw fraud losses rise from $800,000 to $2.84 million per institution, while large banks cut losses by nearly half.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom AI, Technology & Data ✓ 15 claims 22 Oct 2026

Synchrony says 45 million US adults remain locked out by credit scoring

An opinion piece from Synchrony's chief credit officer makes the case that traditional credit scoring excludes tens of millions of creditworthy Americans, and describes how the firm's AI-driven underwriting system, Synchrony PRISM, uses alternative data to expand access. Compliance and risk teams tracking alternative data underwriting and consumer consent practices should note the specifics offered.

The Federal Reserve recently reported that US credit card balances rose to $1.26 trillion.
Synchrony's chief credit officer states that reliance on three-digit credit scores locks roughly 45 million US adults out of mainstream credit.
Synchrony PRISM, launched in 2018, now analyzes tens of thousands of data signals and can pull up to 9,000 data points on an applicant in real time.
In the initial phase of the OCC's Project REACh, Synchrony approved nearly 70,000 loans to individuals with no prior credit history.
More than 60% of those Project REACh borrowers reached a prime credit score within a year, according to the piece.

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FCA Source document ↗

United Kingdom FCA Prudential & Capital ✓ 16 claims 22 Oct 2026

ePayments Systems enters special administration, FCA confirms

The FCA confirms e-money firm ePayments Systems Limited has entered special administration, a regime designed to prioritise returning customer funds quickly. This covers who is now responsible, what protections apply, and why FSCS compensation does not cover this case.

EPS entered special administration on 15 October 2026 under the Payment and Electronic Money Institution Insolvency Regulations 2021.
Mark Boast and Allister Manson of Opus Restructuring LLP were appointed joint special administrators.
The FSCS does not cover payment services, so EPS customers have no compensation scheme protection for these funds.
The special administrators will assess all funds held by the firm to confirm the current safeguarding position.
The FCA states EPS remains FCA-authorised and subject to its rules throughout the administration.

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FCA Source document ↗

United Kingdom FCA Governance & Accountability ✓ 14 claims 22 Oct 2026

Jarvis Investment Management enters special administration, FCA confirms

The FCA has confirmed that Jarvis Investment Management, a UK wealth manager it authorises, has entered special administration. This briefing sets out the appointment, the FCA's ongoing supervisory role, and what clients with money or custody assets held at the firm need to do next.

Jarvis Investment Management Limited (FRN 116413) entered special administration on 14 October 2026.
Adam Stephens and Philip Hemming of S&W Partners LLP were appointed as special administrators.
Jarvis Investment had agreed a voluntary requirement with the FCA on 16 September 2022 restricting its activities without FCA consent.
Clients will be written to within 8 weeks of the appointment explaining how money and assets will be returned and how to claim.
The FSCS may cover shortfalls in client money or assets and distribution costs up to £85,000 for eligible clients.

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SEC Speeches and Statements Source document ↗

United States SEC Speeches and Statements Conduct & Consumer ✓ 14 claims 22 Oct 2026

SEC official warns on governance gaps in California JPA bond financings

A speech by the SEC's municipal securities chief to a California public finance conference lays out specific concerns about bond-issuing joint powers authorities, citing fee structures, board composition and disclosure failures, before turning briefly to risks in the fast-growing energy prepay bond sector.

One JPA financed 14 essential housing projects with $2.5 billion in bond financing, and half have defaulted, dipped into reserves, or reported impairment.
Another JPA has a 1% default rate, which the speech says is over 30 times the overall municipal bond default rate and over 100 times the default rate for general governmental bonds.
Firms advising California JPAs received fees ranging from around $3.1 million to over $11.9 million per JPA for the fiscal year ended June 30, 2025.
The two largest California statewide JPAs have retained almost $125 million in issuer fees since 2010.
Energy prepay bonds have surpassed $100 billion outstanding in 2025 and now exceed 5% of the Bloomberg Municipal Index, with 37% average annual issuance growth.

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American Bankers Association — newsroom Source document ↗

United States American Bankers Association — newsroom Financial Crime ✓ 12 claims 22 Oct 2026

FinCEN alerts banks to Iranian abuse of Shi'a religious charity networks

FinCEN has issued an alert to help financial institutions identify and report what it says is potential Iranian exploitation of religious charity networks, including khums payments from the global Shi'a community. It lists red flags and lands alongside fresh sanctions on a Cuban bank, both part of a campaign to isolate Iran financially.

FinCEN issued the alert on October 15, 2026 to help institutions identify and report potential Iranian abuse of religious charity networks.
The alert warns that Iran seeks to co-opt khums payments from the global Shi'a community to fund its activities.
It sets out several red flags that may indicate activity tied to Iran's abuse of religious charity networks.
The alert was issued alongside new sanctions on Cuba-based Banco Internacional de Comercio for allegedly supplying services to Iran, both part of Operation Economic Outcast.

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Washington State DFI Source document ↗

United States Washington State DFI Conduct & Consumer ✓ 11 claims 22 Oct 2026

Washington state regulator urges consumers to review credit reports for errors

Washington State's Department of Financial Institutions has published consumer guidance explaining what information appears on a credit report and how to check it for accuracy. The piece is aimed at everyday consumers rather than regulated firms, but compliance teams handling credit reporting disputes or furnisher obligations may find it useful context for how the state frames consumer expectations.

The post identifies accounts (credit cards, auto loans, mortgages), balances, credit limits, payment history and personal information as the main contents of a credit report.
AnnualCreditReport.com is named as the official site for obtaining reports from Equifax, Experian and TransUnion.
The post states consumers can access their credit reports once a week for free through that site.
Consumers are advised to check for unrecognized accounts, mismatched balances, inaccurate personal information and unfamiliar inquiries.

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FCA Source document ↗

United Kingdom FCA Governance & Accountability ✓ 11 claims 22 Oct 2026

FCA signs lease for new Leeds office, relocating in 2028

A short FCA news update on a property matter rather than a policy change: the regulator has agreed a new long-term office in Leeds. It matters mainly to staff, suppliers and local stakeholders tracking the FCA's regional footprint and its 2030 workforce target.

The FCA has signed an agreement for a new office at 2 Wellington Place, Leeds.
The new site will provide 36,097 sq ft of space and becomes the FCA's long-term Leeds home from 2028.
The FCA's current Leeds office at 6 Queen Street opened in 2022 and has continued to grow since.
The move supports the FCA's five-year strategy ambition of 1,000 roles based outside London by 2030.
The FCA says it will share more about the new office and plans closer to 2028.

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Washington State DFI Source document ↗

United States Washington State DFI Conduct & Consumer ✓ 18 claims 22 Oct 2026

Washington DFI tells consumers how to dispute credit report errors

A consumer-facing blog post from Washington's Department of Financial Institutions walks through what to do when a credit report shows an account, balance or inquiry a consumer does not recognise. It covers investigation, the dispute process with credit reporting companies, and when to escalate to DFI.

Consumer Reports found that more than one in 10 people have inaccurate information on their credit report that could affect their score.
AnnualCreditReport.com recommends identifying the disputed item, explaining why it is believed inaccurate, and submitting supporting documents.
Consumers should keep original documents and save copies of everything sent to or received from disputed parties.
Disputes can be filed both with the credit reporting company and with the company that furnished the disputed information.
Washington DFI says it may assist if a dispute goes unresolved and the financial service provider falls under its authority.

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Washington State DFI Source document ↗

United States Washington State DFI Conduct & Consumer ✓ 17 claims 22 Oct 2026

Washington DFI warns consumers to vet fees behind credit-building products

Washington's Department of Financial Institutions publishes consumer guidance distinguishing credit invisibility from thin credit files, and walks through the main tools marketed to build a credit history. The piece is aimed at consumers weighing secured cards, authorized-user status, credit-builder loans and rent reporting, and flags questions to ask before paying for any of them.

DFI distinguishes 'credit invisibility' (little or no credit history) from a 'thin credit file' (some history, but not much).
The guidance recommends asking what information will be reported, who will receive it, and what the service will cost over a year before paying for a credit-building service.
A secured credit card uses a security deposit that often becomes the card's credit limit, reducing risk to the issuer.
Authorized-user arrangements only help if the card issuer reports authorized-user information, which consumers should verify before agreeing.
Credit-builder loans may carry interest and fees, and DFI advises finding out the full cost of the loan before signing up.

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Govinfo Source document ↗

United States Govinfo Financial Crime ✓ 15 claims 22 Oct 2026

US Senate passes bill requiring dating apps to warn users of banned fraudsters

The Senate passed the Romance Scam Prevention Act by unanimous consent, a measure that would require online dating service providers to notify users when they have been communicating with an account banned for fraud. Senator Blackburn, presenting the bill, tied it to roughly $1.3 billion in annual losses from online romance scams, overwhelmingly borne by older Americans. For platform operators it introduces a statutory disclosure duty.

The Senate passed H.R. 2481, the Romance Scam Prevention Act, by unanimous consent on 23 September 2026.
The bill requires online dating service providers to provide fraud ban notifications to users.
Senator Blackburn said Americans lose roughly $1.3 billion each year to online romance scams, with senior citizens overwhelmingly the victims.
Blackburn described the scams as run by transnational criminal organisations that traffic workers into fraud dens and increasingly use AI to deceive consumers.
Representative Valadao was credited as sponsor of the House legislation.

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Brdr.Hkma Source document ↗

Hong Kong Brdr.Hkma AI, Technology & Data ✓ 32 claims 22 Oct 2026

HKMA replaces 2019 AI principles with new 'ART' guidance for banks

The Hong Kong Monetary Authority has issued updated supervisory guidance on responsible adoption of artificial intelligence by authorised institutions, superseding its 2019 High-level Principles. Built around three pillars, Accountability, Resilience and Trust, the document sets expectations on governance, use-case inventories, testing, incident response, data and third-party risk, and fair treatment of customers. This segment covers what changed and what firms must now uplift.

The guidance supersedes the HKMA's High-level Principles on Artificial Intelligence dated 1 November 2019 and is structured around three pillars forming the acronym ART: Accountability, Resilience and Trust.
Boards must approve an AI strategy and risk appetite, assign an owner to each deployed use case, and maintain an up-to-date inventory of approved use cases while implementing controls against 'shadow AI'.
Material or higher-risk use cases require independent validation, adversarial testing where appropriate, senior management sign-off, and a built-in kill switch or equivalent for prompt suspension.
Firms must ensure data use complies with the Personal Data (Privacy) Ordinance and use contractual safeguards to stop AI service providers re-using customer data for model training without authorisation.
Before offering an AI-powered service, institutions must inform consumers of the use of AI and relevant risks, with existing disclosure and opt-out expectations continuing to apply.

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BIS Press Releases Source document ↗

Global BIS Press Releases Markets & Infrastructure ✓ 17 claims 22 Oct 2026

BIS study finds offshore NDF trades move onshore exchange rates within minutes

BIS working paper 1383 examines how offshore non-deliverable forward trading in ten emerging market currencies feeds through to onshore spot rates, using transaction-level data cleared through LCH ForexClear from 2014 to 2025. Relevant for central banks and FX desks assessing how capital controls and bank access rules shape currency transmission.

The paper uses transaction-level data on NDF trades for 10 emerging market currencies cleared through LCH ForexClear from 2014 to 2025.
A $1 billion increase in offshore dollar demand moves the onshore exchange rate by about 10 basis points within minutes.
The same $1 billion shock moves the offshore forward rate by about 18 basis points.
The offshore-onshore price gap narrowed when Indian banks were allowed to participate in offshore markets in 2020 and widened again when that access was restricted in 2026.
The study draws on four episodes of regulatory change affecting banks' offshore NDF access in China, Malaysia and India.

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Single Resolution Board Source document ↗

European Union Single Resolution Board Governance & Accountability ✓ 15 claims 22 Oct 2026

SRB closes recruitment for internal auditor post in Brussels

A staffing notice rather than a policy document: the Single Resolution Board advertised an internal auditor role reporting administratively to its Chair and functionally to the Board in Plenary Session. The vacancy has now closed, but the posting sets out the mandate and reporting lines for an internal audit function at the EU's bank resolution authority.

The role is graded AD6, based in Brussels, with an estimated monthly basic salary of €6,961.29.
The contract is a three-year renewable Temporary Agent position within SRB.CM.IA, the Internal Audit area.
Audit and advisory engagements are to be performed in line with the 2024 Global Internal Audit Standards (GIAS).
The Internal Audit function reports administratively to the SRB Chair and functionally to the Board in its Plenary Session.
The reserve list from this selection procedure remains valid until Friday, 31 December 2027.

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Brdr.Hkma Source document ↗

Hong Kong Brdr.Hkma Financial Crime ✓ 21 claims 22 Oct 2026

HKMA tells banks to harden account-opening controls against staff bribery

The Hong Kong Monetary Authority has written to all Authorized Institutions after recent cases in which criminal syndicates bribed bank staff to circumvent money-laundering controls during account opening. The 22 October 2026 circular reminds banks of the controls it expects and flags detailed industry guidance now in development with the Hong Kong Association of Banks and the ICAC.

Recent cases involved criminal syndicates bribing AI staff to bypass AML/CFT controls and open money mule accounts during account opening.
AIs should apply segregation of duties and the four-eyes principle, and distribute applications to checking staff on a rotating basis so one person does not handle multiple applications from the same customer or third party.
Third-party agents introducing or assisting clients must trigger enhanced controls including thorough due diligence, rigorous approval scrutiny and robust management oversight.
AIs should review account-opening controls for bribery vulnerabilities through a gap analysis, with clear senior-management responsibility assigned.
The Hong Kong Association of Banks, with HKMA and ICAC support, is developing detailed guidance on preventing staff bribery and corruption.

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Federal Register — Treasury Source document ↗

United States Federal Register — Treasury Governance & Accountability ✓ 14 claims 22 Oct 2026

IRS finalizes rule on stock basis timing for consolidated group transfers

Treasury and the IRS have finalized a narrow but technical fix to the consolidated return regulations governing intragroup section 351 exchanges. The rule resolves a basis-reduction timing question that has been open since 2001 and affects how large corporate groups compute stock basis after an internal asset transfer involving assumed liabilities.

The final rule revises 26 CFR 1.1502-80(d)(1) and adds paragraphs (d)(3) and (d)(4), effective October 16, 2026.
It applies to consolidated return years for which the return due date, without extensions, falls after October 16, 2026.
No comments were received on the December 30, 2024 proposed regulations (REG-134420-10), and no public hearing was held or requested.
The final rule removes an example from the 2024 proposal that Treasury and the IRS said was no longer relevant following amendments to section 357(c)(1)(B) by the American Jobs Creation Act of 2004.
The Office of Information and Regulatory Affairs designated the rule as not a major rule under the Congressional Review Act, and it was exempted from Executive Order 12866 review under a July 4, 2025 Treasury-OMB memorandum of agreement.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 25 claims 22 Oct 2026

Nasdaq GEMX to end cross-market risk protections shared with ISE

A routine but operationally relevant exchange rule filing: Nasdaq GEMX is removing the option for firms to link two risk-management tools, the Market-Wide Speed Bump and the Kill Switch, across GEMX and its affiliate ISE. Firms trading on both venues will need to reconfigure risk parameters separately for each exchange.

GEMX proposes to delete cross-market election language in Options 3, Section 15(a)(3)(B)(vii) for the Market-Wide Speed Bump and Section 17 for the Kill Switch.
The change removes the ability of Market Makers and Members to apply these risk protections jointly across GEMX and affiliate Nasdaq ISE, LLC.
Of Nasdaq's five affiliated options exchanges, only GEMX and ISE currently offer cross-market MWSB and Kill Switch functionality; MRX, Phlx, NTX Options and NOM operate on a per-exchange basis only.
Nasdaq ISE has filed a companion rule change to make conforming amendments on its own exchange.
The Exchange will implement the change on or before Q2 2027, announced via an Options Trader Alert, with comments due November 6, 2026.

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CSSF Luxembourg Source document ↗

CSSF Luxembourg Financial Crime ✓ 14 claims 22 Oct 2026

CSSF warns of fraudsters impersonating Luxembourg firm Fortuna Holding

The CSSF has published a warning that unknown persons are impersonating the Luxembourg company Fortuna Holding S.a r.l. and conducting fraudulent activity in its name. The notice sets out the specific website, email domain and phone number being used by the impersonators, and confirms the genuine company is unconnected to the activity.

The CSSF warns that unknown persons are impersonating Fortuna Holding S.a r.l., which it classifies as identity theft and illicit activities.
The impersonators use the website www.fortunaholding.net, email addresses on the fortunaholding.biz domain, and the phone number +44 7441476008.
The CSSF confirms the genuine company at 5, Rue Charles Darwin, L-1433 Luxembourg is not related to the activities described.
The warning was published on 22 October 2026.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 13 claims 22 Oct 2026

NYSE clarifies ETP opening rule for initial listing trading halts

A narrow NYSE rule filing clarifies how newly listed exchange-traded products open trading after an Initial Listing Regulatory Halt. The change took effect immediately under SEC fast-track procedures. Listings and market structure counsel should note the file number and comment deadline even though the exchange itself frames the amendment as non-substantive.

NYSE filed the proposed rule change, SR-NYSE-2026-48, with the SEC on October 1, 2026.
The amendment adds language to Rule 7.18(b)(5)(B)(v) specifying that eligible ETPs open after 9:30 a.m. ET with an IPO Auction under Rule 7.35(a)(1)(D).
NYSE states the change is non-substantive because Rule 7.35(a)(1)(D) already mandates this outcome.
The rule became effective immediately under Section 19(b)(3)(A)(iii) of the Exchange Act and Rule 19b-4(f)(6), though the SEC may summarily suspend it within 60 days of filing.
The SEC is accepting public comment on the filing, under file number SR-NYSE-2026-48, through November 6, 2026.

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DOJ Criminal Division Source document ↗

United States DOJ Criminal Division Conduct & Consumer ✓ 16 claims 22 Oct 2026

Somerset Lifesciences to pay $4M over mislabeled generic eyedrop Medicare claims

A DOJ Civil Division settlement resolving allegations that a generic drug maker caused Medicare Part D to pay for a drug no longer eligible for coverage. Relevant to compliance and legal teams at pharmaceutical manufacturers responsible for label changes tied to brand-drug switching events, and to healthcare payors monitoring FCA-adjacent enforcement trends.

Somerset Lifesciences Inc. agreed to pay $4 million to resolve the allegations.
The FDA approved OTC sale of the brand-name equivalent, Pataday, in February 2020.
Generic drug labels must mirror their brand-name counterpart's label, meaning Somerset was required to switch Olopatadine from Rx-only to OTC at that time.
Somerset continued to label and sell Olopatadine as prescription-only, causing Medicare to pay claims for a drug no longer eligible for coverage.
The matter is handled by Fraud Section Trial Attorney Vince Vaccarella, and the settlement resolves allegations only, with no determination of liability except for admissions in the agreement.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Prudential & Capital ✓ 19 claims 22 Oct 2026

SEC approves CMESC rule change making its liquidity facility agreement automatic

The SEC has approved a proposed rule change by CME Securities Clearing Inc. (CMESC) reworking the mechanics of its Capped Liquidity Facility, the tool it uses to meet intraday and multiday settlement obligations under Rule 17ad-22(e)(7). Clearing members and their compliance teams should understand how the facility's contractual basis and calculation methodology are changing, even though CMESC says the underlying sizing methodology is unchanged.

CMESC's proposed rule change SR-CMESC-2026-008 was filed August 21, 2026, published for comment September 3, 2026, and approved by the SEC on October 13, 2026.
Each Member will become party to a CLF Master Repurchase Agreement automatically by operation of Rule 410(a), eliminating the requirement to separately execute the agreement.
The CLF MRA will incorporate the SIFMA Master Repurchase Agreement (September 1996 version), excluding its annexes, and the CLF MRA will govern in the event of any inconsistency.
New Members must provide CMESC with projected volumes and sizes of Eligible Securities Transactions to support calculation of their Allocated CLF Amount during an initial ramp-up phase.
CMESC states the amendments do not change the existing methodology or formulae used to size the CLF or calculate each Member's Allocated CLF Amount.

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Federal Register — SEC Source document ↗

United States Federal Register — SEC Markets & Infrastructure ✓ 18 claims 22 Oct 2026

LTSE adds market maker rebates of up to $1,250 a month per security

LTSE has filed a fee schedule change creating a Market Maker Incentive Program, paying registered market makers for quoting at the NBBO in eligible securities. The filing took effect immediately and is open for public comment through November 6, 2026.

The proposed rule change took effect upon filing with the Commission on September 30, 2026, under Section 19(b)(3)(A)(ii).
Market makers quoting at the NBBO at least 70% of the time in Dually-Listed Securities earn $1,250 monthly, compared with $850 (50-70%) or $1,000 (70%+) for Non-LTSE Listed Securities.
The Monthly Incentive Cap limits incentives for Non-LTSE Listed Securities to no more than 20 for every one Dually-Listed Security in which a market maker is registered.
LTSE states it currently holds less than 1% market share of executed equities trading volume.
Comments on the filing, numbered SR-LTSE-2026-22, are due on or before November 6, 2026.

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