On 1 July 2021, the European Commission ("the Commission") published a report ("the Report") on the Central Securities Depositaries Regulation (CSDR). As outlined below, the Commission has identified where further action may be required to achieve the CSDR's objectives in a more...
Chair Gensler delivered prepared remarks yesterday on the SEC's rulemaking agenda, including those related to ESG, market structure, short sales, and securities lending. His remarks are summarized below.
On May 26, the Market Participants Division of the Commodity Futures Trading Commission (CFTC or "Commission") issued updated responses to frequently asked questions (FAQs) regarding CFTC Regulation 4.27 and CFTC Form CPO-PQR.[1] The FAQs are summarized briefly below.
On Tuesday, the staff of the Securities and Exchange Commission's Division of Investment Management issued a statement on registered fund investments in cash-settled Bitcoin futures traded on CFTC-regulated exchanges ("Bitcoin futures").[1] The statement cautions funds investing in...
[33497] April 24, 2021 TO: ICI Members ICI Global Members Derivatives Markets Advisory Committee ICI Global Regulated Funds Committee ICI Global Trading & Markets Committee SUBJECTS: Derivatives International/Global Investment Advisers Trading and Markets RE: European Commission...
In December, the SEC adopted new Rule 2a-5 (the “fair value rule”) under the Investment Company Act, which addresses the fair valuation responsibilities of funds and their boards and advisers.
[33161] March 5, 2021 TO: ICI Members ICI Global Members Derivatives Markets Advisory Committee ICI Global Regulated Funds Committee LIBOR Transition Working Group SUBJECTS: Compliance Derivatives Financial Stability Operations RE: LIBOR Update: UK Financial Conduct Authority Formally...
[33147] March 2, 2021 TO: ICI Members ICI Global Members SUBJECTS: COVID-19 Cybersecurity Derivatives Disclosure Distribution ESG Exchange-Traded Funds (ETFs) Financial Stability International/Global Money Market Funds Technology & Business Continuity Valuation RE: IOSCO Releases Work...
[33146] March 2, 2021 TO: ICI Members Fixed-Income Advisory Committee SEC Rules Committee SUBJECTS: Fixed Income Securities Trading and Markets RE: ICI Files Comment Letter to SEC on Government Securities ATS Proposed Rule and Electronic Corporate Bond and Municipal Securities Markets...
