News Centre

HKEX: Change In Chief Executive And Change In The Holding Of Executive Office, Retirement Of Mr Alejandro Nicolas Aguzin

Date 09/02/2024

Reference is made to the announcement of Hong Kong Exchanges and Clearing Limited (“HKEX”) dated 15 December 2023 in relation to Mr Aguzin not seeking reappointment as HKEX Chief Executive at the end of his current contract in May 2024.

CFTC To Hold A Commission Open Meeting On February 15

Date 08/02/2024

Commodity Futures Trading Commission Chairman Rostin Behnam today announced the Commission will hold an open meeting on Thursday, February 15 at 12:30 p.m. (EST) at the CFTC’s Washington, D.C. headquarters. Members of the public can attend the meeting in person, listen by phone, or view a live stream at CFTC.gov.

CFTC Commissioner Pham To Speak At EUROFI Ghent 2024

Date 08/02/2024

Dissenting Statement Of CFTC Commissioner Caroline D. Pham On SEC-CFTC Joint Final Rule On Form PF

Date 08/02/2024

I respectfully dissent from the Joint Final Rule on Form PF and Reporting Requirements for All Filers and Large Hedge Fund Advisers that is being issued together with the U.S. Securities and Exchange Commission (SEC) (SEC-CFTC Joint Final Rule on Form PF or Joint Final Rule) because, overall, the rule does not achieve its stated purpose to improve systemic risk monitoring because it will obscure hidden risks and unacceptably increase costs for American savers.

Statement On Form PF: Reporting Requirements For All Filers And Large Hedge Fund Advisers, SEC Commissioner Mark T. Uyeda, Feb. 8, 2024

Date 08/02/2024

The latest Form PF amendments – the second set of substantive additions within a year – further expand the scope and granularity of information that private funds must report.  The comment file is replete with substantive criticism of the expanded reporting requirements.  Administrative agencies like the Commission have an obligation to consider and respond to significant comments received during the period for public comment. Regrettably, the Commission dismisses those concerns with assumptions and unsupported conclusory statements. 

CME Group Inc. Names Slate Of Director Nominees

Date 08/02/2024

CME Group Inc., the world's leading derivatives marketplace, today announced its slate of candidates for its board of directors for election at the company's annual meeting to be held Thursday, May 9, 2024.  

Joint Statement Of SEC Commissioner Mark T. Uyeda And CFTC Commissioner Caroline D. Pham: Memorandum Of Understanding Between The SEC And The CFTC Regarding The Use Of Form PF Data: Commissioner Mark T. Uyeda, U.S. Securities And Exchange Commission, Commissioner Caroline D. Pham, U.S. Commodity Futures Trading Commission

Date 08/02/2024

The U.S. Securities and Exchange Commission (“SEC”) and the U.S. Commodity Futures Trading Commission (“CFTC”) have entered into a memorandum of understanding (“MOU”), under which the SEC will grant the CFTC unrestricted access to all data submitted by all Form PF filers. Because the MOU contains a number of deficiencies, we dissent.

Statement Of CFTC Commissioner Kristin N. Johnson: The Importance Of Financial Market Transparency For Systemic Risk Management

Date 08/02/2024

Transparency is an integral component of the regulatory framework that ensures the safety and soundness and enduring preeminence of our financial markets.  Our statutory mandate expressly directs the Commodity Futures Trading Commission’s (Commission or CFTC) mission to “ensure the financial integrity of all transactions subject to [the Commodity Exchange Act] and the avoidance of systemic risk” and today, consistent with this mandate, the Commission seeks to enhance oversight and improve visibility through well-calibrated data collection approaches.

Curiouser And Curiouser: Statement On Amendments To Form PF To Amend Reporting Requirements For All Filers And Large Hedge Fund Advisers, SEC Commissioner Hester M. Peirce, Feb. 8, 2024

Date 08/02/2024

I write to dissent from the latest unwarranted expansion of Form PF. These revisions stem from the Commission’s unbridled curiosity rather than from a legitimate regulatory objective. In 2010, Congress established the Financial Stability Oversight Council (“FSOC”) and charged it with, among other things, “identify[ing] risks to the financial stability of the United States.” Congress directed the Securities and Exchange Commission (“SEC” or “Commission”) and the Commodity Futures Trading Commission (“CFTC”) (collectively, “Commissions”) to provide some of the information FSOC would need to fulfill its duties, and so in 2011 Form PF was born.

Statement On Final Joint Amendments To Form PF, SEC Chair Gary Gensler, Feb. 8, 2024

Date 08/02/2024

Today, the Commission voted to adopt amendments to Form PF, an important reporting tool whereby the Commission and the Financial Stability Oversight Council (FSOC) receive reporting from private fund advisers. I am pleased to support the adoption because it will improve the quality of the information we receive, particularly from large hedge fund advisers. This will help the SEC and FSOC to better assess systemic risk and protect investors.