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Security-Based Swap Execution and Registration and Regulation of Security-Based Swap Execution Facilities

SEC Adopts Rules for the Registration and Regulation of Security-Based Swap Execution Facilities

604 pages of light reading.... Fact Sheet: Press Release: The Securities and Exchange Commission today adopted new Regulation SE under the Securities Exchange Act of 1934 to create a regime for the registration and regulation of security-based swap execution facilities (SBSEFs). The new regulatory framework was required under Title VII

Reporting of Securities Loans

SEC Alert! Reporting of Securities Loans Final Rule to be published in Federal Register 11/3/23 and effective 60 days after publishing (1/2/24).

Wut Mean? SEC Adopts Rule to Increase Transparency in the Securities Lending Market * Rule 10c-1a will require any “covered person” who agrees to a “covered securities loan” to provide specified information to an RNSA. A covered person refers to: * Any person that agrees to a covered securities loan on behalf

Reuters: FDIC is probing former First Republic Bank directors and officers

Reuters is reporting the Federal Deposit Insurance Corporation (FDIC) is investigating potential misconduct by executives and board members of First Republic Bank. "We can confirm a D&O probe into First Republic is taking place," a spokesperson told Reuters on Wednesday, referring to the bank's

CFTC CANCELS the Commission Open Meeting for 11/1/23

CFTC CANCELS the Commission Open Meeting for 11/1/23 to Consider Proposed Rule on Investment of Customer Funds by Futures Commission Merchants & Derivatives Clearing Organizations. Instead is being handled via CFTC's seriatim process.

What are they canceling? What is a seriatim process? Wut Mean? An open meeting has shifted to a closed so the commissioners can vote on an enforcement matter? TLDRS: * CFTC CANCELS a Commission Open Meeting on November 1 to Consider a Proposed Rule on Investment of Customer Funds by Futures

Ontario’s securities regulator barred Traynor Ridge Capital Inc.

Ontario’s securities regulator barred Traynor Ridge Capital Inc. (a Toronto-based hedge fund) from trading after its lead manager died and dealers were hit with large losses on the firm’s trades.

Wut Mean?: * The Ontario Securities Commission (OSC) has temporarily suspended trading for Toronto-based hedge fund Traynor Ridge Capital Inc. following the death of its lead manager and significant losses incurred by dealers. * The suspension and investigation were triggered by a series of failed trades that resulted in losses ranging from

Short Sale-Related Data Collection: Effective Date is within 60 days from 11/1/23.

SEC Alert! Notice of the Text of the Amendment to the National Market System Plan Governing the Consolidated Audit Trail for Purposes of Short Sale-Related Data Collection: Effective Date is within 60 days from 11/1/23.

Background: Short selling involves a sale of a security that the seller does not own, or a sale that is consummated by the delivery of a security borrowed by, or for the account of, the seller. In order to deliver the security to the purchaser, the short seller will generally

Advance Notice of a Meeting Closed to Public Observation

Government in the Sunshine Meeting Notice! Advance Notice of a Meeting CLOSED to Public of the Board of Governors of the Federal Reserve System at 10:00 a.m. on Tuesday, October 31, 2023 for a discussion of Monetary Policy Issues.

TLDRS: * Advance Notice of a Meeting CLOSED to Public of the Board of Governors of the Federal Reserve System at 10:00 a.m. on Tuesday, October 31, 2023 for a discussion of Monetary Policy Issues. * On the heels of: * DTCC: A Protocol Activation Event has occurred. ISDA Determinations Committee: