News Centre
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SEC Adopts Amendments To Enhance Retail Investor Protections And Modernize The Rule Governing Quotations For Over-The-Counter Securities
Date 16/09/2020
The Securities and Exchange Commission today adopted amendments to Exchange Act Rule 15c2-11, an important component of the over-the-counter (OTC) market regulatory structure. The amendments are designed to modernize the rule, which was last substantively amended nearly thirty years ago, including to recognize advances in communications technologies. The amended rule enhances disclosure and investor protection in the OTC market by ensuring that broker-dealers, in their role as professional gatekeepers to this market, do not publish quotations for an issuer’s security when current issuer information is not publicly available, subject to certain exceptions.
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Municipal Liquidity Facility: Statement By Kent Hiteshew, Deputy Associate Director, Division Of Financial Stability, Before The Congressional Oversight Commission, Washington, D.C.
Date 16/09/2020
Members of the Commission—Representative Hill, Commissioner Ramamurti, Representative Shalala, and Senator Toomey—thank you for the opportunity to speak with you about the Federal Reserve's Municipal Liquidity Facility (MLF), a facility authorized by the Board of Governors of the Federal Reserve System (Board) under section 13(3) of the Federal Reserve Act, with the approval of the Secretary of the Treasury. As you know, the U.S. Department of the Treasury (Treasury) has committed $35 billion of credit protection to the Federal Reserve for the facility using funds appropriated by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). I am very pleased to be here today to provide information that I hope will be useful to your important oversight work.
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U.S. Seeks To Recover More Than $300 Million In Additional Assets Traceable To Funds Allegedly Misappropriated From Malaysian Sovereign Wealth Fund
Date 16/09/2020
The Justice Department announced today the filing of civil forfeiture complaints seeking the forfeiture and recovery of more than $300 million in additional assets allegedly associated with an international conspiracy to launder funds misappropriated from 1Malaysia Development Berhad (1MDB), a Malaysian sovereign wealth fund.
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IMF Executive Board Completes The Third Review Of Angola’s Extended Arrangement Under The Extended Fund Facility And Augments Disbursement To Address The Impact Of COVID-19
Date 16/09/2020
- The Executive Board decision allows an immediate disbursement of US$1 billion to Angola and an augmentation of total access by about US$765 million through the end of the arrangement.
- Angola’s economy has been hit hard by a multifaceted shock stemming from the COVID-19 pandemic and the decline in oil prices.
- The authorities have adopted timely measures to tackle the challenges rising from the shock and remain strongly committed to the economic program under the Extended Fund Facility with broadly satisfactory implementation.
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CFTC Swaps Report Update
Date 16/09/2020
CFTC's Weekly Swaps Report has been updated, and is now available.
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Nadex Product Schedule For The Japan Holidays On September 21 And 22, 2020
Date 16/09/2020
Due to the Japan holiday on Monday, September 21, and Tuesday, September 22, 2020, the Japan 225 contracts will have a modified trading schedule.
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Statement At The Meeting Of The Asset Management Advisory Committee, SEC Commissioner Elad L. Roisman, Sept. 16, 2020
Date 16/09/2020
Good morning. I am happy to attend this second virtual meeting of our Asset Management Advisory Committee. Thanks, as always, to Ed [Bernard] for his excellent leadership; to the Commission staff for your hard work in preparing for this meeting; and to all of you on the Committee for sharing your valuable time and what I am sure will be your thoughtful questions and commentary. This Committee spent its first six months exploring a variety of timely topics. I am happy to see the Committee now turning back to focus more on some of these same topics: retail access to private market investments, ESG, diversity and inclusion in the asset management industry, and the effects of COVID-19.
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Nadex Launches Silver And Natural Gas Touch Bracket Contracts And Currency Touch Bracket And Weekly Call Spread Contracts
Date 16/09/2020
Pursuant to Section 5c(c)(1) of the Commodity Exchange Act, as amended (“Act”), and section §40.2(a) of the regulations promulgated by the Commodity Futures Trading Commission (the “Commission”) under the Act (the “Regulations”), North American Derivatives Exchange, Inc. (“Nadex”, the “Exchange”) submitted to the Commission on September 16, 2020 its intent to list new Silver and Natural Gas Touch Bracket Variable Payout Contracts to Nadex Rules 12.6 and 12.10, respectively. Additionally, Nadex plans to add Weekly Call Spread contracts to all of its Foreign Currency contracts, as well as Touch Bracket contracts to its AUD/USD, USD/CAD, EUR/JPY, GBP/JPY, EUR/GBP, and AUD/JPY Currency contracts.
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Nasdaq Basic Canada Launches On Refinitiv - Increases Access To Lower-Cost Market Data Alternative
Date 16/09/2020
Nasdaq (Nasdaq: NDAQ) today announced it has launched Nasdaq Basic Canada—a feed that provides investors around the globe with access to real-time quote and trade data for the full range of Canadian listed equities—on Refinitiv’s Eikon platform. Refinitiv is one of the world’s largest providers of market data and financial solutions, serving more than 40,000 institutions in 190 countries. Nasdaq Basic Canada combines data from Nasdaq CXC, CX2 and CXD trading books for all TSX, TSX Venture and CSE listed securities.
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ICE Announces Record Trading Volume For Physically-Delivered Bakkt® Bitcoin Futures Contracts
Date 16/09/2020
Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listing services, today announced record trading volume for its Bakkt® Bitcoin (USD) Physically Delivered Monthly Futures contracts.
