Compliance Issues
Sustainability in Financial Services: The EU Sustainable Finance Disclosure Regulation and the Taxonomy Regulation
By Summreen Mahween on
A heightened focus on green finance and green investments has renewed legislative impetus, culminating in a series of regulatory developments across the European Union and more recently, the UK. Some of these notable developments encompass green efforts by the Task Force on Climate-related Financial Disclosures; the European Non-Financial Reporting Directive 2014/95/EU; and the European
…
Review of the Future Regulatory Framework
By Thomas Reilly & John Ahern on
…
BSA/AML Reform in the 2021 NDAA Becomes Law
By Covington Team on
On January 1, 2021, the Senate voted to override President Trump’s veto of the National Defense Authorization Act (the “NDAA” or “Act”), which includes over 200 pages of significant reforms to the Bank Secrecy Act (“BSA”) and other anti-money laundering (“AML”) laws that have been working their way through Congress for several years. The Senate’s
…
Technically Still Yours: Court Holds that Contractors May Mark Unlimited Rights Data with a Proprietary Legend
By Evan R. Sherwood & Jay Carey on
Posted in Compliance Issues, Regulatory
If your company delivers technical data to the Department of Defense, you should take a close look at the Federal Circuit’s decision issued yesterday in The Boeing Co. v. Secretary of the Air Force.
The Court acknowledged that contractors may retain ownership and other interests in unlimited rights data, and it held that they
…
Contributions-for-Pardons Opinion Reveals DOJ Efforts, and Challenges, Prosecuting Lobbying Violations
By Andrew Garrahan on
Posted in Compliance Issues
An opinion by Chief Judge Beryl Howell of the U.S. District Court for the District of Columbia unsealed yesterday has generated much attention for its discussion of contributions-for-pardons allegations in a case that is still largely obscured from public view. But the underlying offenses at issue in the case also include an alleged “secret lobbying
…
CFTC Announces Organizational Changes to Agency Divisions
By Anne M. Termine on
Posted in Compliance Issues, Regulatory
On November 2, 2020, the U.S. Commodity Futures Trading Commission (CFTC) issued a press release announcing organizational changes to several areas of the agency’s operating divisions. According to CFTC Chairman Heath P. Tarbert, these changes are intended to better align the agency’s structure with its strategic objectives.
As depicted in the agency’s new organizational chart
…
How is DoD Planning to Use the Supplier Performance Risk System (SPRS)?
By Susan B. Cassidy, Ryan Burnette & Darby Rourick on
…
Department of Labor Requesting Information on Federal Contractor Workplace Diversity Training
On October 21, 2020 the Department of Labor’s Office of Federal Contract Compliance Programs (“OFCCP”) published a Request for Information (“RFI”) seeking voluntary submissions of workplace diversity and inclusion training information and materials from federal contractors, federal subcontractors, and their employees. The RFI was published pursuant to Executive Order 13950, Combating Race and Sex Stereotyping
…
CFTC Approves Three Final Rules at Open Meeting
By Anne M. Termine & B. Graves Lee on
Posted in Compliance Issues, Regulatory
At an open meeting on October 15, 2020, the Commodity Futures Trading Commission (“CFTC” or the “Commission”) voted to adopt three final rules. First, the Commission adopted by a 3–2 vote a final rule overhauling its regulatory framework governing speculative position limits on a large variety of commodities. Second, the Commission unanimously approved amendments to
…