News Centre

Speech By SEC Commissioner Elisse B. Walter: Remarks Before The SIFMA Compliance And Legal Fall Seminar

Date 26/10/2011

Good Morning. Thank you, Lauri, for that kind introduction and for inviting me here today. It is very nice to see so many familiar faces. I am reminded of the many earlier occasions when I attended C&L seminars while at FINRA. It is a great pleasure to be back here with you in my current role at the SEC, and to be able to engage in a dialog about the Commission’s work during this very busy time. Although there is a lot I could cover, I will try to be brief (a difficult task for me), and more than a little selective, so that there will be time to cover all the questions that I know my old friend Dave DeMuro is planning to pepper me with during the Q & A session.

The EBA Details The EU Measures To Restore Confidence In The Banking Sector

Date 26/10/2011

The European Banking Authority (EBA) supports the agreement at EU level on measures to restore confidence in the banking sector. These measures form part of a broader package aimed at addressing the current situation in the EU by restoring stability and confidence in the markets. Their implementation is conditional on the other components of the package being fully clarified and endorsed.

Speech By SEC Chairman Mary Schapiro: Opening Statement At SEC Open Meeting: Private Fund Systemic Risk Reporting

Date 26/10/2011

Good morning. This is an open meeting of the U.S. Securities and Exchange Commission on October 26, 2011.

Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices

Date 26/10/2011

Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:

The shareholders of Northgate Minerals Corporation (TSX:NGX) have accepted the share exchange takeover offer from AuRico Gold Inc. (TSX:AUQ). Shareholders of Northgate Minerals will receive 0.365 shares of Aurico Gold for each share held. Northgate Minerals will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Completion and Equity Completion, the S&P/TSX SmallCap and Equity SmallCap, the S&P/TSX Equity and Capped Equity, the S&P/TSX Capped Materials and the S&P/TSX Global Mining and Global Gold Indices after the close of Thursday, October 27, 2011.

SEC Approves Confidential Private Fund Risk Reporting

Date 26/10/2011

The Securities and Exchange Commission today voted unanimously to adopt a new rule requiring certain advisers to hedge funds and other private funds to report information for use by the Financial Stability Oversight Council (FSOC) in monitoring risks to the U.S. financial system.

NYSE Arca Tech 100 Index® Announces Change To Index Components

Date 26/10/2011

NYSE Euronext Inc., today announced that the NYSE Arca Tech 100 Index® will replace the following constituents in the index as a result of a corporate action. The changes are effective as of market close on Friday, October 28, 2011.

Speech By SEC Commissioner Troy A. Paredes: Statement At Open Meeting To Adopt Form PF

Date 26/10/2011

Thank you, Chairman Schapiro.

The recommendation before us is to adopt the final rule providing for Form PF. The staff gave careful consideration to the comments we received and, in my view, Form PF has improved substantially from the proposal. The final rule fulfills Dodd-Frank’s statutory directive to the Commission to collect information on behalf of FSOC, and does so in a way that reduces the compliance burden on advisers in important respects as compared to the rule the Commission initially proposed. In short, as the release explains, advisers will be allowed more time to file Form PF; the threshold that delineates a large private equity fund adviser has doubled; large private equity fund advisers will have to file less frequently; advisers will generally have to report less information; fewer advisers will have to file the Form; and advisers will have more flexibility to use their existing methodologies and recordkeeping practices to comply with the rule.

BM&FBOVESPA: New Regulation - Changes To The Market Arbitration Panel Regulation

Date 26/10/2011

The Market Arbitration Panel (CAM - Câmara de Arbitragem do Mercado) is the most appropriate forum to settle both corporate and stock market disputes.

Speech By SEC Commissioner Luis A. Aguilar: “Obtaining Reliable Information Regarding Private Fund Advisers”

Date 26/10/2011

The Dodd-Frank Act requires the SEC and the CFTC to serve as conduits for collecting and delivering private fund information to the Federal Stability Oversight Council (FSOC). The process by which this recommendation arrived has been one of collaboration and consultation. Our staff worked in close consultation with the staff representing other FSOC members, as well as with the staff of foreign regulators.

European Banking Authority Report On How Undertakings Comply With Disclosure Requirements

Date 26/10/2011

The European Banking Authority (EBA) has published a report on how the financial undertakings in the EU comply with the requirements on capital adequacy and risk management disclosures (Pillar 3 requirements).