Small Business Rule Changes — Monday, December 11, 2023

Vol. 1 · No. 403 — Monday, December 11, 2023

Small business rule changes: 5 entries flagged for owners.

Owner-readable summary of Federal Register, SBA, DOL, OFAC, and compliance updates published on Monday, December 11, 2023. Scanned 5 source documents matching small-business terms; 5 warranted a closer look.

Compliance checklist How to read the Register

Small Business Administration· Proposed Rule

Small Business Size Standards: Revised Size Standards Methodology

SUMMARY: www.sba.gov/size The U.S. Small Business Administration (SBA or Agency) advises the public that it has revised its white paper explaining how it establishes, reviews, and modifies small business size standards. The revised white paper provides a detailed description of SBA's size standards methodology,…

Owner check — SBA action: confirm whether financing, disaster assistance, eligibility, or SBIC exposure changes for your business.

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Department of Labor· Notice

Exemption From Certain Prohibited Transaction Restrictions Involving Morgan Stanley & Co. LLC, and Current and Future Affiliates and Subsidiaries (Morgan Stanley or the Applicant) Located in New York, New York

SUMMARY: This document contains a notice of exemption issued by the Department of Labor (the Department) from certain of the prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 (ERISA or the Act) and/or the Internal Revenue Code of 1986 (the Code).

Owner check — Labor/OSHA action: check workplace, payroll, certification, or contractor obligations against the source notice.

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Department of Labor· Notice

Technical Correction to PTE 2016-10, Exemption From Certain Prohibited Transaction Restrictions: Royal Bank of Canada (Together With Its Current and Future Affiliates, RBC or the Applicant)

SUMMARY: This document makes a technical correction to Prohibited Transaction Exemption (PTE) 2016-10 granted to the Royal Bank of Canada (D-11868) on October 28, 2016.

Owner check — Labor/OSHA action: check workplace, payroll, certification, or contractor obligations against the source notice.

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Small Business Administration· Notice

Administrative Declaration of a Disaster for the State of New York

SUMMARY: This is a notice of an Administrative declaration of a disaster for the State of New York dated 12/04/2023. Incident: Severe Storms and Flooding. Incident Period: 09/28/2023 through 09/30/2023.

Owner check — SBA action: confirm whether financing, disaster assistance, eligibility, or SBIC exposure changes for your business.

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Department of the Treasury· Notice

Notice of OFAC Sanctions Actions

SUMMARY: The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) is publishing the names of one or more persons that have been placed on OFAC's Specially Designated Nationals and Blocked Persons List (SDN List) based on OFAC's determination that one or more applicable legal criteria were…

Owner check — Sanctions/trade action: re-screen vendors, customers, owners, and foreign counterparties before transactions.

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