Events listed in Securities Exchange Act of 1934
Inter-Agency Working Group Releases New Report on Treasury Market Resilience Efforts
ID 25677
The U.S. Department of the Treasury (USDT) has published on behalf of the Inter-Agency Working Group on Treasury Market Surveillance (IAWG) a Report on recent efforts to enhance U.S. Treasury market resilience. The key objective of the Working Group – which is comprised of representatives from the USDT, the U.S. Securities and Exchange Commission (SEC), and the U.S. Commodity Futures Trading Commission (CFTC), the ...
SEC Adopts Rules for the Registration and Regulation of Security-Based Swap ...
ID 25629
Following the launch of a corresponding consultation in April 2022, the U.S. Securities and Exchange Commission (SEC) has published its final rule as regards a new regulatory regime for the registration and conduct of security-based swap execution facilities (SBSEFs). The aim of the new rule, which is mandated under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act), is ...
Order Granting Broker-Dealers Exemptive Relief, Pursuant to Section 36(a) and Rule ...
ID 25562
The U.S. Securities and Exchange Commission (SEC) has published a new order to provide relief to broker-dealers under Rule 17 CFR Part 240, § 240.15c2-11 of the Securities Exchange Act of 1934 when dealing with so-called „Rule 144A“ fixed-income securities, thereby recognizing the unique characteristics of these securities and the specific investor base they cater to. Specifically, 17 CFR Part 240, § 240.15c2-11 of ...
SR-FINRA-2023-014
ID 25557
In view of the upcoming changes to 17 CFR Part 240, § 240.15b9-1 under the Securities Exchange Act of 1934 on registration requirements of broker-dealers with the Financial Industry Regulatory Authority (FINRA) and exemption therefrom as initiated by the Securities and Exchange Commission in August this year (EventID 22724), FINRA has now published a **draft on proposed rule changes to „establish a Short-Form Membership ...
SEC Proposes Rule to Address Volume-Based Exchange Transaction Pricing for NMS ...
ID 25373
The U.S. Securities and Exchange Commission (SEC) has published a press statement to announce an upcoming consultation on proposed new rules for national exchanges as regards the fees they may charge to exchange participants for NMS stock orders. Specifically, in an effort to remove disadvantageous pricing schedules for smaller exchange participants (those with less volume) so as to foster competition among market participants and ...
SEC Adopts Rule to Increase Transparency in the Securities Lending Market
ID 25332
Following a corresponding consultation in November 2021 (EventID 13225), the U.S. Securities and Exchange Commission (SEC) has now published its final rule as regards the reporting of security lending transactions to a registered national securities association (RNSA), with the Financial Industry Regulatory Authority (FINRA) currently being the only RNSA in the United States. #### Background To recall, in an effort to bring about more ...
SEC Adopts Rule to Increase Transparency Into Short Selling and Amendment to CAT ...
ID 25330
The U.S. Securities and Exchange Commission (SEC) has published a press statement to inform of the finalization of new rules regarding short sales reporting – particularly of institutional fund managers – and new rules regarding certain data submissions and recordkeeping of broker-dealers in the context of short sales activities. The final rules follow a corresponding consultation in 2022 (EventID 14622), and will – so ...
SEC Adopts Amendments to Rules Governing Beneficial Ownership Reporting
ID 25266
Over a year and a half following a corresponding consultation on the issue (EventID 14575), the U.S. Securities and Exchange Commission (SEC) has published its final rule relating to changes to the beneficial ownership reporting requirements of firms and individuals holding 5% or more of U.S. securities. The final rule thereby outlines the feedback the Commission has received to its consultation and presents the ...
Submission for OMB Review; Comment Request: Rule 15c6-2 (SEC seeks comments on ...
ID 25143
In relation to its new rule to shorten the settlement cycle for securities transactions from two business days to one from May 28, 2024 (please see Event ID19797 for more information), the SEC has now published in the Federal Register its obligatory „notice to solicit comments“ on related „collection“ requirements, including policy creation, maintenance, or (other) recordkeeping obligations of covered firms. As details were ...
Joint Industry Plan; Order Approving an Amendment to the National Market System ...
ID 24912
As previously announced (EventID 22937), the U.S. Securities and Exchange Commission, SEC, has now published in the Federal Register its final approval of an amendment to the National Market System (NMS) Plan for the Consolidated Audit Trail (CAT), introducing a new funding model called the „Executed Share Model“ to recover the costs for maintaining the CAT system. This model establishes a schedule for CAT ...