Dismal's Smacks

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🧱 Market Reform

Regulations for Swap Dealers, Major Swap Participants, & Futures Commission Merchants. While it requires compliance with all capital & margin requirements, it doesn't explicitly require policies and procedures to safeguard counterparty collateral.

Regulations for Swap Dealers, Major Swap Participants, & Futures Commission Merchants. While it requires compliance with all capital & margin requirements, it doesn't explicitly require policies and procedures to safeguard counterparty collateral.

CFTC Alert! OPEN for comment Risk Management Program Regulations for Swap Dealers, Major Swap Participants, & Futures Commission Merchants. While it requires compliance with all capital & margin requirements, it doesn't explicitly require policies and procedures to safeguard counterparty collateral. https://public-inspection.federalregister.gov/2023-15056.pdf Wut mean?

FICC,DTC,NSCC Alert! Notice of Filing and Immediate Effectiveness of Proposed Rule [REDACTED] to Amend the Clearing Agency Model Risk Management Framework.

FICC,DTC,NSCC Alert! Notice of Filing and Immediate Effectiveness of Proposed Rule [REDACTED] to Amend the Clearing Agency Model Risk Management Framework.

They state it is to better manage risk, despite believing that their existing model risk assessment metrics continue to be sufficient measures. https://www.sec.gov/rules/sro/ficc/2023/34-97890.pdf Wut mean? * The proposed rule change pertains to the amendment of the Clearing Agency Model Risk Management Framework

SEC Alert! SEC Requests Comment Request Extension For Mandatory Form N-PX Amendments Require Detailed Disclosure of Proxy Voting and Loaned Shares. 73% of 'Funds' Voted Against Increasing Shares 300M to 1B. How Many Shares Were Loaned & NOT Counted?

https://public-inspection.federalregister.gov/2023-14998.pdf Wut mean? * On November 2, 2022, the SEC adopted rule and form amendments to enhance the information funds report on Form N-PX and make that information easier to analyze. * The amendments require funds and institutional investment managers to identify voting matters using language from

SEC Commissioner Hester M. Peirce: "I support proposing to amend Exchange Act rule 15c3-3 to decrease the likelihood of customer losses in the event of a broker-dealer failure."

"I support proposing to amend Exchange Act rule 15c3-3 to decrease the likelihood of customer losses in the event of a broker-dealer failure. Rule 15c3-3 effectively segregates customer activity from a broker-dealer’s proprietary activity." https://www.sec.gov/news/statement/peirce-proposed-amendments-exchange-act-rule-07-12-2023 Thank you, Mr. Chair. I support

SEC Alert! SEC Proposes Rule Amendments to the Broker-Dealer Customer Protection Rule. SEC Proposes Daily Reserve Computations for Broker-Dealers.

Source: https://www.sec.gov/rules/proposed/2023/34-97877.pdf Summary: The Securities and Exchange Commission (SEC) is proposing a change to the broker-dealer customer protection rule. * The proposed amendment would require certain broker-dealers to perform their customer and broker-dealer reserve computations and make any required deposits into their reserve

SEC Alert! SEC Adopts New Rule for Money Market Fund Reforms and Amendments to Form PF Reporting Requirements for Large Liquidity Fund Adviser Boosting Transparency. Changes to how funds report information to Forms N-CR, N-MFP, and PF

https://www.sec.gov/rules/final/2023/33-11211.pdf (424 pages!)Wut mean?: The Securities and Exchange Commission (SEC) is making some changes to the rules that control money market funds. Money market funds are like a type of mutual fund that invests in highly liquid, short-term financial instruments. These

Commodity Futures Trading Commission (CFTC) Alert! CFTC approves FINAL rule on Governance Requirements for Derivatives Clearing Organizations. Derivatives clearing organizations need all these in changed in place by 1. July 12, 2024.

Source: https://public-inspection.federalregister.gov/2023-14361.pdf Highlights: 1. Derivatives clearing organizations (DCO)s will now have to set up and consult with one or more risk management committees (RMCs). These committees will be made up of clearing members and their customers. The idea is to involve these groups in