Template Letter for SR-OCC-2024-001 โ ๐ข Ready to Copy, Edit & Send. Deadline - Monday 4th March
Are you ready to join the 2.5k stakeholders & investors who have already submitted their comment to the SEC? Deadline, Monday 4th March.
๐งฑ Market Reform
๐จ๐ฌ๐ง UK Government Unveils Draft Legislation to Replace EU Short Selling Rules, Prompting Need For Public Scrutiny.
Post-Brexit, UK revises Short Selling rules. New UK SSR risks include: loose definitions, selective enforcement, lack of transparency, broad powers, regulatory challenges with government involvement concerns.
Free to Use & Ready-to-Edit Comment Template for SR-OCC-2024-001; An Investor's Writing Guide
SR-OCC-2024-001 Comment Template: Addressing Transparency Concerns, High Risk & Procyclicality, Idiosyncratic Control Settings, Loss Allocation Waterfall, FRM Role, and Proposed Improvements.
Public Input Sought on Proposed CFTC Rule: The Protection of Clearing Member Funds Held by Derivatives Clearing Organizations
The CFTC proposes rule changes, protecting clearing members' funds through segregation, central bank locations, aligned investments, strict controls, daily reconciliation, and foreign DCO exemptions. Open for public comments.
Korea FSC to Ensure Thorough Preparation for the Enforcement of the Act on the Protection of Virtual Asset Users--Criminal Sentence (Minimum 1 year) or Fine 3x-5x Unfairly Gained Profits Can Be Imposed.
The Financial Services Commission announced that the Act on the Protection of Virtual Asset Users (โthe Actโ hereinafter) will take effect from July 19, 2024. This law was enacted on July 18, 2023 with aims to protect the users of virtual assets and maintain an order in the market.
The
CFTC Global Markets Advisory Committee Advances Recommendations
GMAC Global Market Structure Subcommittee Recommendations
The GMACโs Global Market Structure Subcommittee (GMSS) prepared four recommendations:
1. Appropriately calibrated block and cap sizes under CFTC Part 43 swap data reporting rules to enhance market liquidity and financial stability
2. Addition of certain central counterparties (CCPs) as permitted counterparties under
SEC adopts amendments to enhance private fund reporting including those also registered with the CFTC. The amendments enhance how large hedge fund advisers report investment exposures, borrowing and counterparty exposure, & more
Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers
Wut Mean?
Among other things, the amendments to Form PF will enhance how large hedge fund advisers report investment exposures, borrowing and counterparty exposure, market factor effects, currency exposure, turnover, country and industry exposure, central clearing counterparty reporting,