Defined benefit plans will see important changes to Schedule R and Schedule MEP.
The changes should make it easier for defined benefit plans to pass IRS backloading tests.
The rule would have required much more information on buybacks to be disclosed to investors.
The study of the accredited investor definition highlighted the lack of emphasis on sophistication and the growing number of qualified households.
The rule requires most secondary transactions to be centrally cleared by June 2026.
Generally, members must complete at least five years of service to qualify, which George Santos did not.
Cybersecurity threats and limited audits were key concerns highlighted in a report by the inspector general.
The ruling, expected in June 2024, could have a wide-ranging impact.
John Hughes bilked dozens of victims of nearly $300 million in a ‘brazen and sophisticated fraud’ and has already pleaded guilty to criminal charges.
The regulating body breaks with its previous skepticism of projected performance, but only for qualified purchasers and institutional investors.
The adjustments include revisions to Schedules MEP and MB.
The pension insurer is well in the green, but conditions can be volatile.
The temporary budget would keep the government funded into next year.
Premium Point had inflated the value of private funds it advised by hundreds of millions of dollars to hide poor performance.
The legislation would also cover investments in Russia, Iran and North Korea.