Equity Markets Advisory Content

In December 2020, the SEC adopted rule amendments that replaced the existing Investment Advisers Act advertising and cash solicitation rules for investment advisers and private funds with a single, combined "Marketing Rule." The new Marketing Rule does not apply to advertisements...

[34306] October 10, 2022 TO: Derivatives Markets Advisory Committee Equity Markets Advisory Committee RE: ICI Files Comment Letter to CFTC and SEC on CCP Governance and Conflicts of Interest Proposals ICI has filed the attached comment letter with the CFTC on its DCO governance rule...

In August, the Financial Industry Regulatory Authority (FINRA) and the Municipal Securities Rulemaking Board (MSRB) issued proposals and requested comment regarding reducing the trade reporting timeframe for certain transactions reported to the Trade Reporting and Compliance Engine...

Attached for your review is ICI's draft comment letter to the CFTC's DCO governance rule proposal and the SEC's clearing agency governance and conflicts of interest proposal.

In June, the US Department of the Treasury ("Treasury") issued a notice and request for information (RFI) on the possibility of additional post-trade transparency of data for secondary transactions in Treasury securities.[1] On August 19, ICI filed a comment letter discussing member...

On August 12, the Commodity Futures Trading Commission (CFTC) adopted a final rule modifying the swap clearing requirements to reflect the market shift away from the London Interbank Offered Rate (LIBOR) and other Interbank Offered Rates (IBORs) in favor of alternative benchmark...

On August 8, the SEC proposed new rules to enhance the governance of SEC-registered clearing agencies, including requirements to reduce conflicts of interest among directors on clearing agencies' governing boards.

The US Court of Appeals for the DC Circuit issued its decision earlier this week on a petition filed by Nasdaq, the NYSE, and Cboe challenging the SEC's CT Plan Order and Governance Order.

In April, the International Organization of Securities Commissions (IOSCO) issued a discussion paper on the corporate bond markets, focusing on their experiences during the COVID-19 induced market stress of March 2020.