News Centre

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.

Superintendent Lacewell Announces That New York State Department of Financial Services Imposes $150 Million Penalty On Goldman Sachs Group In Connection With Goldman Sachs Bank USA’s Investments In 1MDB - DFS Settlement Is A Component Of Global Resolution Of Investigations Involving Goldman’s Role In Massive 1MDB Bribery Scandal

Date 22/10/2020

Superintendent of Financial Services Linda A. Lacewell announced today that Goldman Sachs Group (Goldman) has agreed to pay $150 million in penalties as part of a Consent Order entered into with the New York State Department of Financial Services (DFS or the Department). The Consent Order resolves an investigation concerning Goldman’s failure to detect or adequately address red flags suggesting wrongdoing in connection with bond transactions for 1Malaysia Development Berhad (1MDB), failures that exposed its affiliate, Goldman Sachs Bank USA (GSBUSA), to undue financial and reputational risk and caused unsafe and unsound conduct and reporting deficiencies.  

At Joint Open Meeting, SEC And CFTC Approve Final Rule On Security Futures Margin And Request For Comment On Portfolio Margining

Date 22/10/2020

The Securities and Exchange Commission and the Commodity Futures Trading Commission, at their first joint open meeting to vote on rulemaking initiatives, today approved: (1) a joint final rule to harmonize the minimum margin level for security futures held in a futures account with the minimum margin level for security futures held in a securities portfolio margin account, and (2) the issuance of a joint request for comment on the portfolio margining of uncleared swaps and non-cleared security-based swaps.