Attention: You are using an outdated browser, device or you do not have the latest version of JavaScript downloaded and so this website may not work as expected. Please download the latest software or switch device to avoid further issues.
| 14 Jan 2023 | |
| Key Laws - Financial Services & RegTech |
The Financial Data Transparency Act (FDTA) (Title 58 of the FY 2023 National Defense Authorization Act) amends securities and banking laws to make the information reported to financial regulators electronically searchable and to further enable the development of regulatory technologies and artificial intelligence applications. The ultimate goal is to harmonize reporting requirements, reduce the private sector’s regulatory compliance burden, and enhance transparency and accountability. The covered financial regulatory agencies have two years from the date of enactment to issue a joint rulemaking, and they will have two additional years to implement the standards from the final rule.
FDTA BRIEFER >>
DATA FOUNDATION
1100 13TH STREET NORTHWEST
SUITE 800, WASHINGTON, DC
20005, UNITED STATES
