ICI Call on Dec. 5th from 1-2 P.M. (Eastern) to Discuss FSBs Proposed Securities Lending/Repo Recommendations
[26729]
November 28, 2012
TO: CLOSED-END INVESTMENT COMPANY COMMITTEE No. 48-12ICI GLOBAL SECURITIES LENDING & REPO TASK FORCE No. 4-12
INTERNATIONAL COMMITTEE No. 47-12
MONEY MARKET FUNDS ADVISORY COMMITTEE No. 60-12
SEC RULES COMMITTEE No. 78-12 RE: ICI CALL ON DEC. 5TH FROM 1-2 P.M. (EASTERN) TO DISCUSS FSB’S PROPOSED SECURITIES LENDING/REPO RECOMMENDATIONS
As we previously informed you, earlier this month the Financial Stability Board published for comment policy recommendations relating to securities lending and repos. [*] These recommendations are designed to improve the transparency associated with securities lending and repos, regulate securities financing, and address the structural aspects of the securities financing markets. Comments are due to the FSB by January 14, 2013.
The Institute will hold a conference call to get members’ input on our comment letter to the FSB. The call will be held on Wednesday, December 5th from 1-2 p.m. (Eastern). If you are interested in participating in the call, please contact Helenia Walker by phone (202-326-5823) or email (Helenia.walker@ici.org) no later than the close of business on Tuesday, Dec. 4th to obtain the call-in information.
If you have comments on the FSB’s recommendations but are unable to participate in the call, please provide your comments to either Bob Grohowski (phone: 202-371-5430; email: rcg@ici.org) or Tami Salmon (phone 202-326-5825; email: tamara@ici.org) at your earliest convenience.
Robert C. Grohowski
Senior Counsel
Securities Regulation - Investment Companies
endnotes
[*] See Institute Memorandum No. 26711, dated November 21, 2012, which summarizes the FSB’s recommendations and provides a link to the FSB’s Consultative Document that discusses the recommendations in detail.