Events listed in Securities Exchange Act of 1934
SEC Reopens Comment Period for Position Reporting of Large Security-Based Swap ...
ID 23808
On June 21, 2023, the U.S. Securities and Exchange Commission (SEC) announced on its website the reopening of a consultation as regards the implementation of new Rule § 240.10B-1 relating to the disclosure of material security-based swap positions. The consultation was originally launched in December 2021. Due to the issuance of „supplemental data and analysis“ by the SEC’s Division of Economic and Risk Analysis ...
SEC Adopts Rules to Prevent Fraud in Connection with Security-Based Swaps ...
ID 23615
The Securities and Exchange Commission (SEC) has published a press statement to announce the finalization of new regulations to implement anti-fraud and anti-manipulation rules regarding security-based swap (SBS) transactions and to implement rules that prohibit interference with the business of Chief Compliance Officers (CCOs) at SBS entities. Specifically, revised Rule § 240.9j-1 in brief stipulates that 1. it is illegal for anyone to engage ...
SEC Adopts Amendments to Remove References to Credit Ratings From Regulation M
ID 23610
The U.S. Securities and Exchange Commission, SEC, has announced its final rules amendments as regards the removal of the reference to credit rating requirements in Rules 101 and 102 of Regulation M under the Securities Exchange Act of 1934 following a corresponding consultation in April 2022. To recall, Rules 101 and 102 of Regulation M stipulate provisions to prohibit the engagement in securities offerings ...
SEC Proposes Rule Amendments and New Rule to Improve Risk Management and Resilience ...
ID 23298
The U.S. Securities and Exchange Commission (SEC) has published a press release to announce an upcoming consultation on proposed modifications under the Securities Exchange Act of 1934 – in this particular case to 17 CFR Part 240 (general rules and regulations under the Act) – **to modify margin handling requirements of clearing agencies and implement new rules to specify the content of wind-down plans ...
SEC Adopts Amendments to Modernize Share Repurchase Disclosure
ID 23099
Following a corresponding consultation in January 2022, the U.S. Securities and Exchange Commission, SEC, has published a press statement to inform that it has finalized the proposed amendments to the disclosure requirements of issuers, including foreign ones and closed-end funds, pertaining to repurchases of shares. To recall, the objective of the Commission was to increase issuer transparency, facilitate supervision of such, foster investor protection, ...
SEC Reopens Comment Period for Proposed Rule Amendments to Modernize Beneficial ...
ID 23055
The U.S. Securities and Exchange Commission (SEC) has published a press statement to announce the re-opening of its consultation on proposed amendments and additions to rules and regulations under the Securities Exchange Act of 1934 (17 CFR Part 240) primarily to enhance the reporting of beneficial ownership. The re-opening results from the availability of additional information as to the effects of the proposed enhanced ...
SEC Reopens Comment Period for Proposed Amendments to Exchange Act Rule 3b-16 and ...
ID 22791
The U.S. Securities and Exchange Commission, SEC, has published a press statement to announce the upcoming reopening of the comment period as regards its consultation on rule ATS (Alternative Trading Systems) modifications. Specifically, it will reopen the comment period for another 30 days on proposed modifications to rule ATS to bring „communication protocol systems“ that trade U.S. Treasuries and other (government) securities under the ...
SEC Proposes to Modernize the Submission of Certain Forms, Filings, and Materials ...
ID 22425
The U.S. Securities and Exchange Commission, SEC, has published a press statement to announce that it is proposing to update its filing and posting requirements regarding various forms, submissions, and disclosures of national securities exchanges, national securities associations, clearing agencies, broker-dealers, security-based swap dealers, and major security-based swap participants in accordance with the Financial Data Transparency Act of 2022 which obliges financial reg ...
SEC Proposes New Requirements to Address Cybersecurity Risks to the U.S. Securities ...
ID 22289
In view of the increasing interconnectedness of financial systems and the increased threat of cyber security attacks not least since the invasion of Ukraine, the U.S. Securities and Exchange Commission (SEC) has published a press release to announce an upcoming consultation on a new rule 10 under 17 CFR Part 242 aimed at implementing (cyber) security management requirements on „broker-dealers, clearing agencies, major security-based ...
Regulatory Notice 23-04
ID 22272
The Financial Industry Regulatory Authority (FINRA) has published a Regulatory Notice (23-4) to provide guidance to member firms as regards the treatment of deposits at the Silicon Valley Bank (SVB) and Signature Bank for purposes of meeting own funds and custody requirements and the withdrawal of funds from accounts held with the institutions. Specifically, FINRA states the following – as quoted: >- *All bank ...