News Centre

Closing Act: Statement On Proposed Open-End Fund Liquidity Risk Management Programs And Swing Pricing; Form N-PORT Reporting, SEC Commissioner Hester M. Peirce Nov. 2, 2022

Date 02/11/2022

Thank you, Mr. Chair. I cannot support even releasing this proposal for comment. At a time when so much of our rulebook is up for discussion, nobody has the bandwidth to consider properly a proposal that would fundamentally alter the way open-end funds operate, how investors interact with them, and the infrastructure surrounding them. Yet the Commission is poised to kick off such consideration today and to wrap it up early in the New Year when the sixty-day comment period ends.

SEC Proposes Enhancements To Open-End Fund Liquidity Framework

Date 02/11/2022

The Securities and Exchange Commission today voted to propose amendments to better prepare open-end funds for stressed conditions and to mitigate dilution of shareholders’ interests. The rule and form amendments would enhance how funds manage their liquidity risks, require mutual funds to implement liquidity management tools, and provide for more timely and detailed reporting of fund information.

BIS And Central Banks Of France, Singapore And Switzerland To Explore Cross-Border CBDC Trading And Settlement Using DeFi Protocols

Date 02/11/2022

• Project Mariana will use DeFi protocols to automate foreign exchange markets and settlement.
• Automated market makers can become the basis for new generation of financial infrastructure.
• Exploration on cross-border exchange of wholesale CBDCs is the first to involve three Hub centres.

Enhancing Fund Voting Reporting, SEC Commissioner Jaime Lizárraga, Nov. 2, 2022

Date 02/11/2022

Today, the Commission adopts important enhancements to the information mutual funds, exchange-traded funds (ETFs), and certain other funds report about their voting. We also fulfill a congressional mandate in the Dodd-Frank Act requiring managers to report how they vote proxies relating to executive compensation matters. By facilitating investor access to more usable and transparent information, both of these actions strengthen the SEC’s investor protection mission.

Strengthening Open-End Fund Resiliency And Liquidity in Stressed Markets, SEC Commissioner Jaime Lizárraga, Nov. 2, 2022

Date 02/11/2022

Today, the Commission is proposing reforms designed to enhance the resiliency and liquidity of the $26 trillion mutual funds and exchange-traded funds (ETFs) market during periods of market stress. This proposal addresses key investor protection issues and I am pleased to support it.  

Statement On Open-End Funds, SEC Chair Gary Gensler, Nov. 2, 2022

Date 02/11/2022

Today, the Commission will consider whether to propose amendments to enhance the liquidity risk management of open-end funds. I’m pleased to support the proposal because, if adopted, it would promote investor protection and greater resiliency for open-end funds.

Statement On Final Amendments To Form N-PX, SEC Chair Gary Gensler, Nov. 2, 2022

Date 02/11/2022

Today, the Commission will consider whether to adopt final amendments to bring greater detail, consistency, and usability to the proxy voting information reported on Form N-PX. I am pleased to support these amendments because, if adopted, they will allow investors to better understand and analyze how their funds and managers are voting on shares held on their behalf. Further, part of this final rule fulfills a mandate from Congress directing the SEC to require institutional investment managers to report votes on certain executive compensation matters, or “say on pay.”

Chubb Announces Chris Turberville As Head Of Hull For Global Markets

Date 02/11/2022

Chubb today announced the appointment of Chris Turberville as Head of Hull for Chubb Global Markets (CGM), the company's London Market wholesale and specialty business including its Lloyd's platform.

FTSE Russell Introduces Russell 3000 Fixed Income Index

Date 02/11/2022

FTSE Russell, a leading global index provider, today announces the launch of a new Russell 3000 Fixed Income Index and Russell 1000 Fixed Income and Russell 2000 Fixed Income sub-indices. Together with its sub-indices, the Russell 3000 Fixed Income Index delivers a curated market weight benchmark for investors, who seek precision allocation to track the US domestic corporate bond market.

InterPrice Technologies, Inc. Announces $7.3 Million Series A Funding Round Co-Led By Nasdaq Ventures And DRW Venture Capital

Date 02/11/2022

InterPrice Technologies, Inc., a treasury capital markets funding platform, announced today the closing of its Series A funding. The $7.3 million investment was co-led by Nasdaq Ventures and DRW Venture Capital, with participation from existing investors including Bowery Capital.