News Centre

SEC Extends Compliance Dates And Provides Temporary Exemption For Rule Related To Clearing Of U.S. Treasury Securities

Date 25/02/2025

The Securities and Exchange Commission today extended the compliance dates for Rule 17ad-22(e)(18)(iv)(A) and (B) under the Securities Exchange Act by one year to Dec. 31, 2026, for eligible cash market transactions, and June 30, 2027, for eligible repo market transactions. Under the rule, a covered clearing agency that provides central counterparty services for U.S. Treasury securities must establish, implement, maintain, and enforce written policies and procedures reasonably designed to require that every direct participant of the covered clearing agency submit for clearance and settlement all eligible secondary market transactions in U.S. Treasury securities to which it is a counterparty. The rule also requires a covered clearing agency to identify and monitor its direct participants’ submissions of transactions for clearing, including how the covered clearing agency would address a failure to submit transactions.

CFTC Releases Enforcement Advisory On Self-Reporting, Cooperation, And Remediation

Date 25/02/2025

The Commodity Futures Trading Commission’s Division of Enforcement today issued an advisory on how the Division will evaluate a company’s or individual’s self-reporting, cooperation, and remediation when recommending enforcement actions to the Commission and establishes the factors the Division will consider. This marks the first time the Division will use a matrix to determine the appropriate mitigation credit to apply. The advisory provides fair notice to the public and guidance that is designed to ensure due process in the Division’s investigations and enforcement actions.

U.S. Department Of The Treasury: Krause To Serve As Acting IRS Commissioner - O’Donnell Retires After Distinguished Career

Date 25/02/2025

Secretary of the Treasury Scott Bessent announced today that IRS Chief Operating Officer Melanie Krause will become acting IRS Commissioner following the retirement announcement of Doug O’Donnell.

Coinbase To Participate In Morgan Stanley Technology, Media, And Telecom Conference

Date 25/02/2025

Coinbase Global, Inc. announced today that Brian Armstrong, Co-Founder and CEO, and Alesia Haas, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Technology, Media, and Telecom Conference on Tuesday, March 4, 2025 at 4:05 pm ET / 1:05 pm PT.

TMX Group And Clearstream Announce Bank Of Canada To Utilize The Canadian Collateral Management Service

Date 25/02/2025

TMX Group Limited (TMX Group) and Clearstream Banking S.A. (Clearstream), the international central securities depository of Deutsche Börse Group, are pleased with the Bank of Canada's decision to utilize the Canadian Collateral Management Service (CCMS).

CFTC Commissioner Goldsmith Romero To Speak On Regulator Panel At The International Futures Industry Conference 2025

Date 25/02/2025

US Treasury Department Announces New Appointments

Date 25/02/2025

Secretary of the Treasury Scott Bessent announced today key appointments for senior positions at the U.S. Department of the Treasury.

Nasdaq, Inc. Announces Pricing Of Cash Tender Offers And Acceptance Of $218 Million Outstanding Debt Securities

Date 25/02/2025

Nasdaq, Inc. (Nasdaq: NDAQ) (“Nasdaq” or the “Company”) announced today the consideration payable in connection with its previously announced offers to purchase for cash up to an aggregate principal amount of $218,053,000 (the “Aggregate Notes Cap”) (reflecting an $18,053,000 increase from the previously announced cap of $200,000,000) of its outstanding Notes, comprised of (i) up to $41,360,000 aggregate principal amount (the “2028 Notes Cap”) of the Company’s 5.350% Senior Notes due 2028 (the “2028 Notes”), (ii) up to $57,583,000 aggregate principal amount (the “2034 Notes Cap”) of the Company’s 5.550% Senior Notes due 2034 (the “2034 Notes”) and (iii) up to $119,110,000 aggregate principal amount (the “2052 Notes Cap”) of the Company’s 3.950% Senior Notes due 2052 (the “2052 Notes”), for a total aggregate purchase price, excluding accrued and unpaid interest, of approximately $197 million. The 2028 Notes, the 2034 Notes and the 2052 Notes are referred to collectively herein as the “Notes,” such offers to purchase are referred to collectively herein as the “Tender Offers” and each a “Tender Offer,” and the 2028 Notes Cap, the 2034 Notes Cap and the 2052 Notes Cap are referred to collectively herein as the “Series Notes Caps” and each a “Series Notes Cap.”

Remarks To The Small Business Capital Formation Advisory Committee, Mark T. Uyeda, SEC Acting Chairman, Washington D.C., Feb. 25, 2025

Date 25/02/2025

Good morning. Welcome to the first meeting for the Committee in 2025. I expect that this year will be a busy and exciting one for this Committee as I have asked the Commission staff to explore ways to improve capital-raising opportunities for entrepreneurs and to empower retail investment in private companies. These topics are at the heart of this Committee’s expertise, and I hope that you will have opportunities to share your views with the staff, the Commission, and the public.

Hurdles: Remarks Before The Small Business Capital Formation Advisory Committee, SEC Commissioner Hester M. Peirce, Washington D.C., Feb. 25, 2025

Date 25/02/2025

Thank you, Erica. Thank you to the Committee for your continued work and to today’s panelists for presenting today. I recently read Olympian Sydney McLaughlin-Levrone’s book, which inspired me to re-watch several of her races. She set the world record in the 400 meter hurdles but did so with such ease that the hurdles almost seem like a non-event to the viewer. Her book made clear, however, that gliding over hurdles at breakneck speed requires not only a lot of natural talent but also hard work, persistence, tough lessons, and pain.