NSCC, FICC-GOVE, DTC, FICC-MBS Alert! Updates to the Clearing Agency Security Valuation Framework: The last 4 pages are [REDACTED].
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From the NSCC, FICC-GOV, DTC, FICC-MBS updates to the Clearing Agency Security Valuation Framework:
"Clearing Agencies would consider whether the Pricing Vendor actually provides accurate and timely pricing data as opposed to whether the Pricing Vendor is โable to provideโ accurate and timely data."
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NSCC, FICC-GOVE, DTC, FICC-MBS Alert! Updates to the Clearing Agency Security Valuation Framework. The proposed rule change was effective upon filing but will not become operative for 30 days after the date of the filing.
Sources
NSCC: https://www.dtcc.com/-/media/Files/pdf/2023/3/28/a9283.pdf
FIC-GOV: https://www.dtcc.com/-/media/Files/pdf/2023/3/28/GOV1451-23.pdf
DTC: https://www.dtcc.com/-/media/Files/pdf/2023/3/28/18341-23.pdf
FICC-MBS: https://www.dtcc.com/-/media/
2/16/23 Nomura requested an order to permit to issue multiple classes of shares & to impose asset-based distribution &/or service fees & early withdrawal charges. Are they trying to make it more expensive to remove money from them?
Applicants:
Nomura Alternative Income Fund and Nomura Private Capital LLC.
Summary of Application
Applicants request an order to permit certain registered closed-end investment companies to issue multiple classes of shares and to impose asset-based distribution and/or service fees and early withdrawal charges.
https://public-inspection.federalregister.gov/2023-06432.pdf
Hearing
Sam Bankman-Fried Faces New U.S. Indictment Over Chinese $40 million Bribery Charge.
Source:https://storage.courtlistener.com/recap/gov.uscourts.nysd.590940/gov.uscourts.nysd.590940.113.2.pdf
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NSCC, FICC-MBS, FICC-GOV, DTC Alert! Proposed updates to rules remove fax machines and provide an official email address for sending a copy of any notices to NSCC. FICC-MBS, FICC-GOV, DTC. Previously in writing and delivered, mailed, or faxed 'counted'
https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2023/FICC/SR-FICC-2023-005.pdf
On March 28, 2023, Fixed Income Clearing Corporation (โFICCโ) filed a proposed rule change (SR-FICC-2023-005) (โFilingโ) with the Securities and Exchange Commission (โSECโ) to make administrative updates to the FICC Government Securities Division Rulebook (โGSD Rulesโ
FDIC Alert! Remarks by Chairman Martin J. Gruenberg on Recent Bank Failures and the Federal Regulatory Response before the Committee on Banking, Housing, and Urban Affairs: "The state of the U.S. financial system remains sound despite recent events."
Source: https://www.fdic.gov/news/speeches/2023/spmar2723.pdf
Chairman Brown, Ranking Member Scott and Members of the Committee, thank you for the opportunity to appear before the Committee today to address recent bank failures and the Federal regulatory response.
On March 10, 2023, just over two weeks ago,