FiSolve Weekly News Digest (February 14, 2025)

Here is what we are reading in the news this week.?

Judge Unblocks Trump Administration “Buyout” Offer

Citing a lack of standing by unions, Judge George O’Toole of the U.S. District Court, District of Massachusetts removed the temporary restraining order placed on President Donald Trump’s deferred resignation offer to federal employees detailed in the U.S. Office of Personnel Management (OPM) ’s Jan. 28 “Fork in the Road” memo.? According to reports, more than 75,000 federal employees have accepted the offer. Read more at https://storage.courtlistener.com/recap/gov.uscourts.mad.280398/gov.uscourts.mad.280398.66.0_1.pdf.?

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CFTC Announces Crypto CEO Forum to Launch Digital Asset Markets Pilot

The U.S. Commodity Futures Trading Commission (CFTC) announced it will hold a CEO Forum of industry-leading firms to discuss the launch of the CFTC’s digital asset markets pilot program for tokenized non-cash collateral such as stablecoins. Participants will include Circle, Coinbase, Crypto.com, MoonPay and Ripple. ?Read more at https://www.cftc.gov/PressRoom/PressReleases/9049-25.?

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Study: Most Influential Leaders Inspire Hope, Trust, Compassion and Stability

A Gallup study on Global Leadership finds employees prioritize hope, trust, compassion and stability from their leaders, and these needs are consistent across countries and demographics. When leaders meet these needs, the study finds the results lead to less suffering and better wellbeing.? Read more at https://www.gallup.com/analytics/656315/leadership-needs-of-followers.aspx.? ?

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SEC Acting Chairman Acts on Climate-Related Disclosure Rules

In March 2024, the U.S. Securities and Exchange Commission (SEC) adopted the Enhancement and Standardization of Climate-Related Disclosures for Investors Rule.? The rule is currently being challenged in federal court and the SEC previously stayed effectiveness of the rule pending completion of that litigation. ?Citing the recent change in the composition of the SEC, and the recent Presidential Memorandum regarding a Regulatory Freeze, as well as the current SEC Commissioners’ misgivings about the rule, Acting Chairman Mark Uyeda announced he has directed SEC Staff to notify the federal court of the changed circumstances and request that the court not schedule the case for argument at this time.? Some news outlets are reporting this as an attempt to “kill” the rule.? Read more at https://www.sec.gov/newsroom/speeches-statements/uyeda-statement-climate-change-021025.

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FCA Steps Up Action Against Misleading Financial Advertisements

The Financial Conduct Authority (FCA) reports it has highlighted concerns with cryptoasset, debt solutions, and claims management company promotions. The FCA urges social media platforms to more proactively identify and prevent illegal financial promotions. Last year, the FCA launched targeted action against ‘finfluencers,’ resulting in 20 people being interviewed under caution.? The FCA also has taken measures to strengthen rules around financial promotions.? Read more at https://www.fca.org.uk/news/press-releases/fca-steps-action-against-misleading-financial-adverts.?

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SEC Provides Exemption from the Requirement to Report Personally Identifiable Information to the Consolidated Audit Trail

The U.S. Securities and Exchange Commission is providing an exemption from the requirement to report certain personally identifiable information (PII) – names, addresses, and years of birth – to the Consolidated Audit Trail (CAT) for natural persons.? Names, addresses, and years of birth were originally required to be collected in the CAT to facilitate the generation of unique anonymized customer IDs and to help regulators identify the person(s) responsible for a trade. ?In 2020, the SEC issued an order exempting the reporting of more sensitive PII, including social security numbers. In this week’s order the SEC is exempting additional PII from the CAT. ?The SEC stated CAT will still be able to generate reliable and consistent anonymized customer IDs even if such PII is not reported to the CAT.? Read more at https://www.sec.gov/files/rules/sro/nms/2025/34-102386.pdf.?

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SEC’s Division of Investment Management?Announces 2025 Conference on Emerging Trends in Asset Management

The U.S. Securities and Exchange Commission 's Division of Investment Management announced it will host its Conference on Emerging Trends in Asset Management on June 5, 2025, at the SEC headquarters in Washington D.C. ?The conference will bring together a variety of asset management industry participants, regulators, commentators, and academics to discuss emerging trends in the industry.? More information will be provided as the date approaches on the SEC’s website www.sec.gov.?

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FiSolve to Host Compliance Anonymous Forum

FiSolve will host its next Compliance Anonymous session at 12 PM ET on Wednesday, February 26, 2025. ?This is a forum where compliance professionals collaborate, commiserate, and discuss their compliance conundrums under a cloak of anonymity, during a one-hour, cameras-off Zoom session.? There is no cost to attend, but space is limited.? Register at https://us06web.zoom.us/meeting/register/k4g1t8bcRwOc1Q6eu_dwUw#/registration.?

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