Dismal's Smacks

🌙 ☀️

Sign in Subscribe

🧱 Market Reform

Whistleblower Alert! The Claims Review Staff (“CRS”) issued a Preliminary Determination recommending that whistleblower receive an award of almost $1.9 million.

Claimant provided original information by using his/her specialized access and knowledge to evaluate the facts for the case. Source: https://www.sec.gov/rules/other/2023/34-97295.pdf Background: * The record reflects that the Claimant provided original information by using his/her specialized access and knowledge to evaluate the

CFTC Alert! CFTC OPENS public comment on the proposed renewal of a collection of Swaps-Records of Transactions information by the agency.

Source: https://public-inspection.federalregister.gov/2023-07912.pdf Background: * Adaptation of Regulations to Incorporate Swaps-Records of Transactions; Exclusion of Utility Operations Related Swaps with Utility Special Entities from De Minimis Threshold for Swaps with Special Entities (OMB Control No. 3038-0090). * This is a request for extension of a currently approved information

CFTC Alert! OPEN for comment, CFTC proposing to amend its derivatives clearing organization (DCO) risk management regulations to permit futures commission merchants that are clearing members to treat the separate accounts of a single customer as accounts

source: https://public-inspection.federalregister.gov/2023-06248.pdf Summary: * The Commodity Futures Trading Commission (Commission or CFTC) is proposing to amend its derivatives clearing organization (DCO) risk management regulations adopted under the Commodity Exchange Act (CEA) to permit futures commission merchants (FCMs) that are clearing members (clearing FCMs) to treat the

SEC Alert! Notice of semiannual regulatory agenda: an opportunity to COMMENT on the Regulatory Flexibility Agenda for Spring 2023 on the priorities of the Chair of the U.S. Securities and Exchange Commission.

Source: https://www.sec.gov/rules/other/2023/33-11178.pdf About the Unified Agenda: The Regulatory Flexibility Act (5 U.S.C. 601 et seq.) requires that agencies publish semiannual regulatory flexibility agendas in the Federal Register identifying those rules that may have a significant economic impact on a substantial

Federal Reserve Alert! "In the interest of further strengthening transparency and accountability, the 12 Reserve Banks have agreed to adopt a common policy for public requests for information and expect to implement this policy by the end of this year."

Source: https://www.newyorkfed.org/newsevents/statements/2023/0324-2023 * The Federal Reserve Banks are committed to transparency and accountability and each Reserve Bank has existing procedures for providing information to the public. * In the interest of further strengthening transparency and accountability, the 12 Reserve Banks have agreed to adopt a

NSCC, FICC, DTC Alert! Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework. Entire Exhibit is [REDACTED]

Sources: SR-NSCC-2023-00334-97280 Apr. 11, 2023 Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework Comments due: 21 days after publication in the Federal Register Additional Materials: Exhibit 5 SR-FICC-2023-00434-97283 Apr. 11, 2023 Notice of Filing and Immediate Effectiveness of a

Remarks of James Martin, Acting Director of the Office of Financial Research (shares the OPPOSITE sentiment of Hester M. Peirce's "Regulators must constrain their appetite for data.")

stating: "Both financial regulators and market participants need access to high-quality financial data." Remarks of James Martin, Acting Director of the Office of Financial Research, at the RegTech 2023 Data Summit Source: https://www.financialresearch.gov/public-appearances/2023/04/11/remarks-of-james-martin-at-regtech-summit/ Highlights: "If I were asked to