News Centre

Supporting Statement Of CFTC Commissioner Dan M. Berkovitz On Margin Requirements For Security Futures, Final Rule

Date 22/10/2020

I support today’s final rule on customer margin requirements for security futures (Final Rule), issued jointly with the Securities and Exchange Commission (SEC).  The Final Rule ensures that margin requirements for unhedged security futures will be consistent regardless of the type of customer account in which they are held.  The Final Rule presents no new risks to the financial system, and is an overdue effort to align margin requirements for security futures.

Statement Of CFTC Commissioner Dawn D. Stump Regarding Joint Final Rule: Customer Margin Rules Relating To Security Futures

Date 22/10/2020

I am pleased to be a part of today’s Joint Open Meeting of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).  I commend:

• Chairmen Tarbert and Clayton for holding this Meeting to provide transparency into our work in jointly addressing issues of mutual interest to both our agencies;
• Commissioner Quintenz at the CFTC and Commissioner Peirce at the SEC for laying the groundwork for this Joint Meeting through their efforts to harmonize the regulatory regimes of the agencies, as these harmonization efforts benefit not only those we regulate, but also the public we all serve; and
• The staff of the agencies for putting before us a Joint Final Rule that will lower the margin level for an unhedged security futures position from 20% to 15%, which I firmly believe is sound public policy.

ETFGI Announces The Details For The ETFGI Global ETFs Insights Summit - Asia Pacific, A Virtual Event On October 28 & 29 From 2:00pm To 5:30pm HKT

Date 22/10/2020

Register now to attend the ETFGI Global ETFs Insights Summit - Asia Pacific, a virtual event on October 28 & 29 from 2:00pm to 5:30pm HKT! 

The event is designed to provide the opportunity for family offices, private bankers, financial advisors, pension funds, insurance companies and other investment professionals to hear updates from industry leaders on ETF market structure and regulatory issues, and obtain a better understanding of how to trade and use US listed ETFs, European listed ETFs and locally listed ETFs in Hong Kong, Singapore and Asia and the impact that ETFs have on the markets and market structure.

Statement Of CFTC Commissioner Rostin Behnam Before Joint Open Meeting Of The CFTC And SEC

Date 22/10/2020

Good morning.  I would like to start by thanking Chairman Tarbert, Chairman Clayton, my fellow CFTC commissioners, the commissioners from the Securities and Exchange Commission (SEC), and all of the staff from both agencies.

SIFMA’s Board Of Directors Announces Newly Elected Officers

Date 22/10/2020

The Board of Directors of SIFMA announced it has elected the following principal officers to leadership positions on the Board for 2021:

Chair: John F. W. Rogers, Executive Vice President, Goldman Sachs & Co.

Chair Elect: Thomas Pluta, Global Head of Linear Rates Trading, JP Morgan Chase & Co.

Vice Chair: Jim Reynolds, Chairman & Chief Executive Officer, Loop Capital Markets LLC

Chair Emeritus: Joseph E. Sweeney, President, Advice & Wealth Management, Products and Service Delivery, Ameriprise Financial

Treasurer: James Wallin, Senior Vice President, AllianceBernstein

Opening Statement Of CFTC Commissioner Brian Quintenz Before The SEC And CFTC Joint Open Meeting On October 22, 2020

Date 22/10/2020

CFTC Chairman Heath Tarbert and SEC Chairman Jay Clayton, thank you both for calling this meeting.  I am honored to join my fellow CFTC and SEC Commissioners to participate in the first-ever joint SEC and CFTC open meeting to consider and vote on rulemaking initiatives.  Both items on today’s agenda showcase the hard work and cooperation between CFTC and SEC staff and remind us of how critical these staff and Commission-level relationships are to ensuring a rationalized regulatory framework for firms and products spanning both the derivatives and securities markets.

BOX Exchange Update: HSVF Market Data Feed Changes

Date 22/10/2020

BOX Exchange (“BOX”) previously distributed IC-2020-20 stating effective Monday, November 23, 2020, BOX would launch a new version of the High Speed Vendor Feed (“HSVF”) protocol, HSVF Protocol C8.

IIROC Response To The Canadian Securities Administrators Consultation On The Self-Regulatory Organization Framework

Date 22/10/2020

The Investment Industry Regulatory Organization of Canada (IIROC) applauds the Canadian Securities Administrators (CSA) for their leadership in exploring ways to improve the selfregulatory model in Canada. The CSA’s review of the regulatory framework governing IIROC and the Mutual Fund Dealers Association of Canada (MFDA) presents an immediate opportunity to evolve the self-regulatory model and increase the value it brings to Canadians for years to come.

SEC Issues Record $114 Million Whistleblower Award

Date 22/10/2020

The Securities and Exchange Commission today announced an award of over $114 million to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions. 

Oslo Børs Optiq® Migration – Cash Dress Rehearsal On 31 October And Conformance Reminder

Date 22/10/2020

The second Dress Rehearsal for the Oslo Cash migration to Optiq will take place on Saturday 31 October 2020. Clients are reminded that participation in at least one of the two Dress Rehearsals is mandatory. Conformance validation tests must be performed before the Dress Rehearsal and should be submitted as soon as possible.