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  • SIFMA Statement On SEC Disapproval Of CAT Limitation Of Liability Proposal

    Date 01/11/2021

    SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the SEC’s disapproval of the CAT limitation of liability proposal:

    “SIFMA believes the SEC’s rejection of the amendment proposed by the national exchanges to revise the Consolidated Audit Trail (CAT) Reporter Agreement to insert limitation of liability provisions was the right outcome.  The proposal would have unfairly shifted liability for CAT data breaches to the broker-dealer industry.   It was inappropriate and unfair for the SROs to unilaterally impose limits on their liability when they alone hold and control the data inside the CAT.  SIFMA’s guiding principle has long been ‘they who hold the data bear the liability’ and we strenuously opposed efforts to shield responsibility for maintaining the security and privacy of such data.  We appreciate the SEC’s recognition that the SROs did not meet their burden to demonstrate that the Proposed Amendment is consistent with the Exchange Act."

  • Moscow Exchange: Risk Parameters Change For The Security TSLA-RM

    Date 01/11/2021

    As per the Securities market risk parameters methodology, on 01.11.2021, 22-58 (MSK) the upper bound of the price band (up to 92583) and initial margins (up to 32.5 %) for the security TSLA-RM were changed. New values are available here

  • Ontario Securities Commission Announces Initiatives To Strengthen Financial Literacy During Financial Literacy Month

    Date 01/11/2021

    The Ontario Securities Commission (OSC) will mark Financial Literacy Month this November with a variety of activities designed to build the financial knowledge of Ontarians and highlight the importance of financial literacy.

  • Economy Statement By Catherine Wolfram, US Acting Assistant Secretary For Economic Policy, For The Treasury Borrowing Advisory Committee

    Date 01/11/2021

    The U.S. economy grew rapidly during the first half of this year, bringing the level of real GDP above the pre-pandemic level by the second quarter.  However, the pace of real GDP growth slowed in the third quarter, in large part due to supply-side disruptions that have been exacerbated by the persistence of the pandemic.  Notably, the late-summer surge in domestic cases of Delta variant COVID-19 and the wind-down of federal fiscal aid were less pronounced headwinds for the economy.  Household demand for pandemic-sensitive services – such as transportation, recreation, and food services and accommodations – continued to recover in the third quarter, while strong wage growth and excess savings built during the pandemic mitigated economic drag from lower federal pandemic-related transfers. 

  • Statement On The Registration Deadline For Security-Based Swap Dealers: SEC Commissioner Allison Herren Lee, SEC Commissioner Caroline A. Crenshaw Nov. 1, 2021

    Date 01/11/2021

    Today is the deadline for market participants who meet the definition of a security-based swap dealer to register with the Commission. And next Monday transaction data will be required to be reported to a swap data depository, and in turn available to the SEC. These are important milestones, and we are pleased that the SEC will have more oversight and visibility into the market for security-based swaps, as envisioned in Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.