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Joint Readout of Principals’ Meeting of UK and U.S. Authorities Regarding Central Counterparty Resolution

Senior officials from the Bank of England, FDIC, CFTC, SEC, & the Fed convened a hybrid meeting today "to discuss certain issues relating to the resolution of a central counterparty (CCP)."

Source: https://www.sec.gov/news/press-release/2023-224 Source 2: https://www.cftc.gov/PressRoom/PressReleases/8807-23 Senior officials from the Bank of England, Federal Deposit Insurance Corporation, Commodity Futures Trading Commission, Securities and Exchange Commission, and Federal Reserve Board convened a hybrid meeting today to discuss certain issues relating

SEC Commissioner Mark Uyeda

SEC Commissioner Mark Uyeda on SEC's agenda: "Have I tired you all out yet? The volume and breadth of these rules is staggering, but there are more proposed rules in the pipeline affecting asset managers and financial advisors."

Source: Remarks at the NSCP National Conference Highlights: "The past two years have been marked by a large number of proposed and adopted Commission rules. Many of these rules affect asset managers, including some that originated outside of the Commission’s Division of Investment Management. Let’s take a

SEC Division of Examinations Announces 2024 Priorities

SEC Alert! SEC Division of Examinations Announces 2024 Priorities. SEC to probe transparency of fees, compliance with derivatives rules, & liquidation procedures amid market volatility.

Examinations of Investment Advisers: As a fiduciary, an investment adviser owes a duty of care and a duty of loyalty to its clients. An adviser must, at all times, serve the best interest of its clients and not subordinate its clients’ interest to its own. In other words, an investment

SEC Commissioner Caroline A. Crenshaw

Caroline Crenshaw: "This could help the SEC reconstruct market events & design responses to events that take place during times of volatility similar to the “meme” stock episode that might happen in the future."

SEC Commissioner Caroline A. Crenshaw Statement Regarding the Reporting of Securities Loans (Rule 10c-1a) and Short Position and Activity Reporting (Rule 13f-2) includes some interesting nuggets as to 'why' she supported both rules. Reporting of Securities Loans (Rule 10c-1a) To level set, in its 2020 Annual Report (“Report”

SEC Commissioner Mark Uyeda

Mark Uyeda on 'NO' for (Rule 13f-2): "Public knowledge of their short positions would render them susceptible to a short squeeze & also reduce the incentives to engage in this beneficial activity."

Source: https://www.sec.gov/news/statement/uyeda-statement-short-sale-101323 Thank you, Chair Gensler. Section 13(f)(2) of the Exchange Act requires the Commission to prescribe rules providing for the public disclosure of the name of the issuer and the title, class, CUSIP number, and aggregate amount of the number of

Mark Uyeda

Mark Uyeda "when these changes from the proposal are taken together, to what extent can the resulting information be used to estimate particular short selling positions & is that acceptable?"

Source: https://www.sec.gov/news/statement/uyeda-statement-securities-lending-101323 Thank you, Chair Gensler. Under Section 984(b) of the Dodd-Frank Act, the Commission is required to promulgate rules “designed to increase the transparency of information available to brokers, dealers, and investors with respect to the loan or borrowing of securities.”[1]

CITADEL FNGE LTD.

FICC announces that effective 10/19/23 CITADEL FNGE LTD. will be added as a Sponsored Member of the Government Securities Division.

Fact Sheet FICC’s Sponsored Service allows certain Netting Members to sponsor, as Sponsoring Members, eligible legal entities, as Sponsored Members, into FICC/GSD Membership. A Sponsoring Member is permitted to submit to FICC on behalf of its Sponsored Members, transactions in eligible securities for comparison and novation. Overview Sponsoring