Derivatives Market Advisory Committee Content

The ICI and twenty-four other trade associations submitted a joint letter to SEC Chair Gensler yesterday expressing serious concern that the Commission is not affording sufficient time for meaningful public input into the rulemaking process.

ICI has filed the attached comment letter with the SEC on its large security-based swap ("SB swap") position reporting proposal. The letter addresses proposed Rule 10B-1, which would require any person with an SB swap position of a certain size, based on specified calculations, to...

FINRA recently issued a regulatory notice expressing concerns associated with the sale of complex products and options to retail investors, and soliciting comment on related practices and rule enhancements.

On February 10, the Securities and Exchange Commission proposed amendments to its rules governing beneficial ownership reporting on Schedules 13D and 13G ("Proposal"). Comments on the Proposal are due on April 11, although ICI expects to file by April 7.

On February 9, the Securities and Exchange Commission proposed rules to shorten the standard settlement cycle for most broker-dealer transactions from two business days after the trade date ("T+2") to one business day after the trade date ("T+1").

On February 10, the SEC, by seriatim approval, proposed amendments to its rules governing beneficial ownership reporting on Schedules 13D and 13G ("Proposal"). Comments on the proposal are due the later of: (i) April 11, 2022 (60 days following the publication of the proposing release...

As previously advised, on 29 November 2021 the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a discussion paper (DP) on access to central clearing and portability. A draft of ICI Global's response...

ICI has filed the attached comment letter in response to a joint consultation ("report") on the review of margining practices from the Basel Committee on Banking Supervision, the Committee on Payments and Market Infrastructures, and the International Organization of Securities...

ICI has filed a comment letter with the Commodity Futures Trading Commission providing feedback on the CFTC's request for information and comment (RFI) on amending its swap clearing requirements in light of the upcoming cessation of LIBOR and other IBORs.

On 29 November 2021, CPMI and IOSCO published a discussion paper (DP) on access to central clearing and portability. CPMI and IOSCO ("CPMI-IOSCO") are accepting feedback on the DP by 7 February 2022 (extended from 24 January 2022).