FIA has submitted a letter to the Financial Crimes Enforcement Network (FinCEN) related to a proposed rule titled Beneficial Ownership Information Access and Safeguards, and Use of FinCEN Identifiers for Entities. In its comments to FinCEN, FIA noted its supports for a separate comment letter from the Securities Industry and Financial Markets Association (SIFMA) that would make the proposed rule more useful and cost-effective for FIA members who operate in futures and derivatives markets.
