other · Treasury · Rule · Published 2018-12-27 · Effective 2019-01-01 · 83 FR 66615
Document
Document number
2018-28051
Federal Register citation
83 FR 66615
CFR reference
17 CFR 404
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Treasury
Publication date
2018-12-27
Effective date
2019-01-01
Abstract
The Department of the Treasury (Treasury) is issuing this final rule to amend certain regulations issued under the Government Securities Act of 1986 (GSA). Treasury's recordkeeping and reporting requirements for registered government securities brokers and dealers cross-reference existing Securities and Exchange Commission (SEC) regulations, with modifications. The SEC recently amended certain of its disclosure requirements that may have become redundant, duplicative, overlapping, outdated, or superseded as a result of changes to U.S. Generally Accepted Accounting Principles (U.S. GAAP). The technical amendments to the Treasury recordkeeping rules and Form G-405, referenced in the regulations, conform to SEC amendments regarding the reporting of extraordinary gains and losses, the cumulative effect of changes in accounting principles, and comprehensive income on the annual reports and Form X-17A-5 (Financial and Operational Combined Uniform Single Report or "FOCUS Report").