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Statement On The SPACs Proposal, SEC Commissioner Caroline A. Crenshaw, March 30, 2022

Date 30/03/2022

I’d like to thank the staff, my fellow Commissioners, and the Chair. The staff’s work is, as always, the reason we are here today and I am grateful for, and deeply rely, on their expertise, acumen, and dedication.

Nadex Product Schedule For The China Holidays The Week Of April 4, 2022

Date 30/03/2022

Due to the China holidays on Monday, April 4, 2022, and Tuesday, April 5, 2022, no China 50 contracts will be offered on these days. China 50 contracts will resume their regular listing schedule on trade date April 6, 2022.

Statement On The Proposal To Enhance Investor Protections in SPACs, SEC Commissioner Allison Herren Lee, Washington D.C., March 30, 2022

Date 30/03/2022

The last two years have seen an unprecedented surge in the use of special purpose acquisition vehicles (SPACs) as an alternative means of going public. Indeed the amount of capital raised by SPAC initial public offerings (IPOs) in 2021 was more than $160 billion, a fifteen fold increase over 2018.[1] The rise of SPACs, and the corresponding innovation around their use, raises specific investor protection concerns, especially for retail investors. Today the Commission responds to those concerns by proposing a package of amendments designed to promote transparency and accountability in the SPAC market.

IMF Executive Board Concludes The Review Of The Institutional View On The Liberalization And Management Of Capital flows

Date 30/03/2022

On March 21, 2022, the Executive Board of the International Monetary Fund (IMF) concluded the review of the Institutional View on the Liberalization and Management of Capital Flows (IV)

CFTC Commissioner Stump To Participate In A Virtual Fireside Chat At The 1st Annual Web3 Legal Conference

Date 30/03/2022

SEC Proposes Rules To Enhance Disclosure And Investor Protection Relating To Special Purpose Acquisition Companies, Shell Companies, And Projections

Date 30/03/2022

The Securities and Exchange Commission today proposed new rules and amendments to enhance disclosure and investor protection in initial public offerings by special purpose acquisition companies (SPACs) and in business combination transactions involving shell companies, such as SPACs, and private operating companies.

Statement On Proposal On Special Purpose Acquisition Companies (SPACs), Shell Companies, And Projections, SEC Chair Gary Gensler, March 30, 2022

Date 30/03/2022

Today, the Commission is considering a proposal to strengthen investor protections in special purpose acquisition companies (SPACs). I am pleased to support this proposal because, if adopted, it would strengthen disclosure, marketing standards, and gatekeeper and issuer obligations by market participants in SPACs, helping ensure that investors in these vehicles get protections similar to those when investing in traditional initial public offerings (IPOs).

BOX Exchange: Equalized Cabling Infrastructure - Limitations On Connections

Date 30/03/2022

BOX Exchange LLC (the “Exchange”) is distributing this Regulatory Circular to remind Participants that under the new equalized cabling infrastructure, there is now a maximum number of production connections allowed per Participant. Further information can be found in the Network Connectivity Guide for BOX Options. As detailed in the Network Connectivity Guide, there are no limitations on connections to the test environments and the BOX disaster recovery systems.

Damning And Deeming: Dissenting Statement On Shell Companies, Projections, And SPACs Proposal, SEC Commissioner Hester M. Peirce, March 30, 2022

Date 30/03/2022

Thank you, Chair Gensler, Renee [Jones], Charles [Kwon], and Jessica [Wachter] for the presentation. The Commission’s 2022 budget request includes additional resources to address “an unprecedented surge in non-traditional IPOs by special purpose acquisition companies.”[1] If we adopt the rule that we are voting on today, we will not need additional resources to deal with Special Purpose Acquisition Companies (“SPACs”). The proposal—rather than simply mandating sensible disclosures around SPACs and de-SPACs, something I would have supported—seems designed to stop SPACs in their tracks. The proposal does not stop there; it also makes a lot of sweeping interpretations of the law that are not limited in effect to the SPAC context. Accordingly, I dissent.

Readout: Deputy Secretary Of The Treasury Wally Adeyemo’s Visit To London, United Kingdom

Date 30/03/2022

 Deputy Secretary of the Treasury Wally Adeyemo traveled to London, United Kingdom this week to meet with Her Majesty’s Government, listen to the perspectives of market participants, and continue coordinating closely on financial pressure measures to hold Russia accountable for its unprovoked and brutal invasion of Ukraine. He met with key counterparts including Permanent Secretary of HM Treasury Sir Tom Scholar, HM Treasury Director General for International and EU Lindsey Whyte, and Deputy National Security Advisor Matt Collins. In meetings with partners from the Cabinet Office and Her Majesty’s Treasury, Deputy Secretary Adeyemo expressed gratitude for the close partnership and noted that the UK’s new sanctions authorities have allowed for greater breadth and flexibility in targeting, coordination, and enforcement. While in London, he also delivered remarks on economic statecraft at Chatham House.