Securities Operations Advisory Group Content

For review is a draft ICI comment letter to the proposal issued by nine federal agencies including the Securities and Exchange Commission, to jointly establish data standards for collections of information reported to the Agencies under the Financial Data Transparency Act of 2022.

On 27 September, the United Kingdom Accelerated Settlement Taskforce Technical Group published a consultation report, with draft operational recommendations to facilitate the UK's move to shorten its settlement cycle from two days after the trade date (T+2) to one day (T+1).

As required by the Financial Data Transparency Act of 2022, several federal financial regulators, including the SEC, published a proposal to establish joint data standards. The purpose of the Proposal is to promote the interoperability of financial regulatory data across the Agencies.

The Department of the Treasury published in the Federal Register a request for information on uses, opportunities, and risks of artificial intelligence (AI) in the financial services sector. The RFI uses a broad definition AI, which Treasury views as encompassing "a wide range of...

On March 27, three SEC divisions issued notices relating to the upcoming May 28, 2024 implementation of the T+1 standard settlement cycle under Rule 15c6-1. First, the Divisions of Trading and Markets and Investment Management issued a FAQ that responds to questions about the standard...

On Wednesday, February 7, the SEC approved a rule filing from the Municipal Securities Rulemaking Board (MSRB) to amend MSRB Rule G-12 to require dealers effecting municipal securities transactions subject to the T+1 settlement cycle to (1) enter into written agreements with "relevant...

ICI has filed the attached comment letter on the Municipal Securities Rulemaking Board's (MSRB) proposed rule amendment to require dealers effecting municipal securities transactions subject to the T+1 settlement cycle to (1) enter into written agreements with "relevant parties" to...

As we previously reported, the Municipal Securities Rulemaking Board (MSRB) has proposed a rule amendment to promote the allocation, confirmation, affirmation (or any combination) of municipal securities transactions as soon as technologically practicable on a same-day basis. The MSRB...

On December 20, 2023, the Financial Stability Board (FSB) and International Organization of Securities Commissions (IOSCO) each published final reports on liquidity risk management in open-ended funds (OEFs), following their respective July 2023 consultations on the subject.

On December 21, the Municipal Securities Rulemaking Board (MSRB) proposed, via a rule filing to the Securities and Exchange Commission (SEC), amendments to MSRB Rule G-12 to require dealers effecting municipal securities transactions that are subject to the T+1 settlement cycle to (1)...