US Federal

SEC No-Action Letter: DTC Tokenization Services Pilot

The SEC's Division of Trading and Markets issued a no-action letter to The Depository Trust Company (DTC) regarding its pilot program for tokenization services. This guidance allows DTC to proceed with developing and testing its DTCC Tokenization Services using distributed ledger technology for security entitlements.

SEC Guidance: Insurance Companies May File SAP Financial Statements for Index-Linked Policies

The SEC's Division of Investment Management issued guidance allowing insurance companies to file financial statements prepared under statutory accounting principles (SAP) instead of GAAP for certain index-linked policies and contingent deferred annuities. This permission is subject to specific representations and acknowledgments filed with the SEC.

SEC Grants SAP Financial Statement Filing for Life Insurers

The SEC's Chief Accountant's Office granted a request from American General Life Insurance Company and two affiliates to file financial statements prepared under statutory accounting principles (SAP) instead of GAAP for certain annuity contracts on Form S-1 registration statements. This permission is specific to the described non-variable annuity contracts and requires notification for future filings.

SEC grants Pacific Life permission to file SAP financial statements

The SEC's Chief Accountant's Office granted Pacific Life Insurance Company and Pacific Life & Annuity Company permission to file audited financial statements prepared in accordance with statutory accounting principles (SAP) instead of GAAP. This applies to specific annuity contracts filed on Form S-1.

SEC Grants Eagle Life Insurance SAP Filing Permission

The SEC's Division of Investment Management granted Eagle Life Insurance Company permission to file audited financial statements prepared under statutory accounting principles (SAP) instead of GAAP in its Form S-1 registration statements. This guidance applies to specific index-linked annuity contracts.

SEC No-Action Letter: Jackson National Life Insurance SAP Financial Statements

The SEC's Division of Investment Management granted Jackson National Life Insurance Company and Jackson National Life Insurance Company of New York permission to file financial statements prepared under statutory accounting principles (SAP) instead of GAAP. This applies to specific annuity contracts filed on Form S-1.

Federal Maritime Commission Investigation of Hapag-Lloyd AG Compliance

The Federal Maritime Commission has issued an Order Directing Hapag-Lloyd AG to Show Cause in Docket No. CC-002. This investigation will determine if Hapag-Lloyd AG should be ordered to refund or waive charges for failing to comply with specific U.S. maritime regulations.

Federal Maritime Commission Agreement Filing Notice

The Federal Maritime Commission has issued a notice regarding an agreement filing. This notice pertains to standard administrative procedures for agreements within the maritime industry.

FMC Notice of Agreement Filing - North Europe-USEC Vessel Sharing Agreement

The Federal Maritime Commission (FMC) has issued a notice regarding the filing of Amendment No. 1 to Agreement No. 201440-001, the North Europe-USEC Vessel Sharing Agreement. The amendment modifies services and the number of vessels operated under the agreement, with parties requesting expedited review.

Federal Maritime Commission Complaint Filed

The Federal Maritime Commission has received a complaint filed by Gator Fabrication Technology, LLC against Flador Global Logistics and NTG Air & Ocean, LLC. The complaint alleges violations of the Shipping Act related to withholding cargo, imposing detention charges, and asserting maritime liens.