SEC proposes new rules for clearing agencies
The SEC proposed a set of new rules for clearing agencies that provide central counterparty services for U.S. Treasury Securities intended to improve risk management, among other things.
Browsing: Securities activities
ABASA: More securities market transparency could have negative consequences
In a comment letter filed Friday, the American Bankers Association Securities Association and two other trade groups raised concerns about a Treasury Department proposal to require additional post-trade data transparency in the Treasury securities market, saying that information could have “significant” potential downsides if it were made publicly available.
ABA Responds to MSRB’s Request for Input on ESG-related Risk Factors
ABA responds to recent Municipal Securities Rulemaking Board request for information on ESG trends in the municipal securities market.
SEC to Modernize Share Repurchase Disclosures, Strengthen Insider Trading Protections
The Securities and Exchange Commission has proposed changes to modernize and improve disclosure about repurchases of an issuer’s equity securities that are registered under the Securities Exchange Act of 1934.
SEC Proposes Shorter Settlement Cycle for Broker-Dealer Transactions
The Securities and Exchange Commission today issued a proposed rule to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date to one business day after the trade date.
ABA Urges Tailored Securities Lending Reporting to Minimize Burdens, Market Disruptions
ABA told the Securities and Exchange Commission on Friday that proposed new disclosure rules for the reporting of securities loans would impose a “considerable expense” to institutional investors and their agent lenders engaging in securities lending activities and urged reasonable amendments to reduce reporting burdens.
SEC Proposals Target Fraud, Misconduct in Security-Based Swap Transactions
The Securities and Exchange Commission today proposed three new rules aimed at preventing fraud and misconduct in connection with security-based swaps.
ABA Supports Changes to Eligibility Requirements for Single Family MBS Issuers
The American Bankers Association today wrote to Ginnie Mae in response to a recent request for input on eligibility requirements for single-family mortgage-backed securities issuers.
ABA Urges MSRB to Consider Compliance Cost of Expanded Best Interest Rule
The American Bankers Association urged the Municipal Securities Rulemaking Board on Wednesday to consider the compliance costs of its draft amendment to include bank dealers in the SEC’s Regulation Best Interest Rule to only recommend financial products that are in their customers’ best interests.
ABA, SIFMA Weigh in on Reporting Changes for Government Securities Dealers
ABA and the Securities Industry and Financial Markets Association on Friday wrote to the Federal Reserve and the Office of Management and Budget offering support for the renewal of and proposed changes to reporting requirements for form FR 2004, which is used to collect information from government securities dealers.