MFA submitted a comment letter to the U.S. Office of Management and Budgets (OMB) in response to their request for information on regulations that limit U.S. economic growth and ingenuity.
The letter outlined several recommendations, including:
- Rescind and Revert FSOC Designation Guidance to the 2019 Standards
- Rescind the 2023 and 2024 SEC Form PF Amendments and Revamp Form PF
- Rescind 2023 SEC Schedule 13G Beneficial Ownership Reporting Amendments; Modify to Eliminate Duplicative Filing by Allowing Filers to Rely on Form 13F
- Stop the Unlawful Interpretation of the Dealer Definition; Adopt an Interpretation Consistent with the Statute and Avoid Over-Regulation
- Extend the AML Compliance Date; Provide Additional Guidance as Needed
- Boost U.S. Competitiveness: Eliminate Duplicative Regulation; Remove Unnecessary Trading Barriers; Streamline and Simplify Cross-Border Regulation
- Enhance Investment Opportunities for Investors: Streamline Regulatory Approval Processes and Diversify Retirement Investment Options
- Eliminate Reporting by Buy-Side Firms in the OFR Repo Reporting Rule
- Enhance Capital Raising by Ensuring Enforcement of Rule 105 of Regulation M as Originally Intended
- Rescind the 2023 SEC Short Position and Securities Lending Reporting Rules
MFA believes that these actions will promote capital formation, improve regulatory efficiency, and reduce waste.
