News Centre

SIFMA Statement On DOL's Proposed 60-Day Delay And Review Of The Fiduciary Rule

Date 01/03/2017

SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the Department of Labor's proposal to delay the fiduciary rule for 60 days and open a 45-day comment period: 

"Given the review requested by the administration, and the DOL's call for comments on the rule, this 60-day delay should be implemented with haste. The delay will allow the new administration an opportunity to review the rule's impact on investors and the market, while providing firms additional time to prepare for potential changes to the rule."

SEC Approves Rules To Ease Investor Access To Exhibits In Company Filings

Date 01/03/2017

The Securities and Exchange Commission today voted to adopt rule and form amendments to make it easier for investors and other market participants to find and access exhibits in registration statements and periodic reports that were originally provided in previous filings. 

OneChicago Announces Trading Volume For February 2017

Date 01/03/2017

OneChicago, LLC (OCX), a securities finance exchange, today announced its February 2017 volume of 853,126, an increase of 8% year-over-year. OneChicago is a CFTC and SEC regulated exchange offering Single Stock Futures (SSF), a Delta One product, on approximately 1,800 equities, including ADRs and ETFs.  

SEC Proposes Rule Amendments To Improve Municipal Securities Disclosures

Date 01/03/2017

The Securities and Exchange Commission (SEC) today voted to propose rule amendments to improve investor protection and enhance transparency in the municipal securities market. 

Office Of Financial Research Update: New Public Disclosures Shed Light On Central Counterparties

Date 01/03/2017

The U.S. Office of Financial Research today posted a Viewpoint paper, entitled, “New Public Disclosures Shed Light on Central Counterparties.” The Viewpoint says reforms after the financial crisis promoted the use of central counterparties, or CCPs, which stand between the two parties to a derivatives contract. According to new data, CCPs hold enough resources to handle the failure of two members, and those resources are highly liquid and of high credit quality. Still, data gaps remain.

SEC Proposes Inline XBRL Filing Of Tagged Data

Date 01/03/2017

The Securities and Exchange Commission today voted to propose amendments intended to improve the quality and accessibility of data submitted by public companies and mutual funds using eXtensible Business Reporting Language (XBRL).

Inside The Mind Of A Scammer: FCA Reveals The Tactics Investment Fraudsters Use To Deceive Over 55s

Date 01/03/2017

• Only two in five think they know how to spot an investment scam
• Half of over 55s surveyed agree you need to act quickly to get a good deal, an attitude exploited by fraudsters who offer time-limited deals
• A third of over 55s surveyed are reluctant to discuss their investment decisions with others, something that is seized on by fraudsters who encourage them to keep their offer a secret

Statement On The Final Rule On Exhibit Hyperlinks And HTML Format, Commissioner Kara M. Stein, U.S. Securities And Exchange Commission

Date 01/03/2017

Good morning.  I would like to thank staff in the Division of Corporation Finance for their work on this final rule on exhibit hyperlinks and HyperText Markup Language or HTML formatting.  In particular, I would like to thank Sean Harrison, Felicia Kung, and Betsy Murphy.

Statement On Proposal Of Amendments To Municipal Securities Disclosure Rule (Exchange Act Rule 15c2-12), Commissioner Kara M. Stein, U.S. Securities And Exchange Commission

Date 01/03/2017

I want to thank the staff for their hard work on this proposal and, in particular, Ed Fierro, Rebecca Olsen, and Jessica Kane.

EBA: Consultation On RTS On The Specification Of The Nature, Severity And Duration Of An Economic Downturn

Date 01/03/2017

The European Banking Authority (EBA) launched today a public consultation on its draft Regulatory Technical Standards (RTS) specifying the nature, severity and duration of an economic downturn according to which institutions shall estimate the downturn loss given default (LGD) and conversion factor (CF). These draft RTS are part of the EBA’s broader work on the review of the IRB approach aimed at reducing the unjustified variability in the outcomes of internal models, while preserving the risk sensitivity of capital requirements. The consultation runs until 29 May 2017.