News Centre

Speech By SEC Commissioner Troy A. Paredes: Statement At Open Meeting To Adopt A Final Rule Excluding A "Family Office" From The Definition Of "Investment Adviser"

Date 23/06/2011

Thank you, Chairman Schapiro.

By excluding a “family office” from the definition of “investment adviser,” Section 409 of the Dodd-Frank Act works to exempt “family offices” from the Investment Advisers Act. Dodd-Frank directs the Commission to define “family office” for purposes of the new family office exclusion from “investment adviser.” The recommendation before us is to do just that: to adopt a final rule to define “family office.”

SIFMA Submits Supportive, Constructive Comments On Limit Up-Limit Down Proposal

Date 23/06/2011

SIFMA submitted supportive and constructive comments to the Securities and Exchange Commission regarding a proposed plan submitted by various self-regulatory organizations (SROs) to address issues of extreme market volatility experienced in the May 6, 2010 market disruption commonly referred to as the Flash Crash.

Speech By SEC Commissioner Luis A. Aguilar: “Moving From Proposal To Implementation: The Changing Adviser Landscape”

Date 23/06/2011

Today, the Commission considers rules that give effect to provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”).

IMF Consultations On Managing Sovereign Risk And Public Debt Consider New Directions For Debt Management In Light Of The Crisis and Principles For Portfolio Stress Testing

Date 23/06/2011

On June 22-23, the International Monetary Fund (IMF) held its annual consultations on managing public debt “Legacy of the Crisis: Long Term Implications for Managing Sovereign Risk, Government Balance Sheets, and Debt Management”. The event held in Seoul, Republic of Korea, was co-hosted by the Ministry of Strategy and Finance of the Republic of Korea.

U.S.A. Agencies Extend Comment Period On Swap Margin And Capital Proposed Rulemaking

Date 23/06/2011

Five federal agencies have approved and will submit a Federal Register notice that extends the comment period on a proposed rule to establish margin and capital requirements for swap dealers, major swap participants, security-based swap dealers, and major security-based swap participants as required by the Dodd-Frank Wall Street Reform and Consumer Protection Act. The comment period was extended to July 11, 2011, to allow interested persons more time to analyze the issues and prepare their comments. Originally, comments were due by June 24, 2011.

First Scheduled Auctioning Of Emission Allowances - EUAs In Athens Exchange

Date 23/06/2011

The first scheduled auction of European Union Emission Allowances (EUAs) by the Greek Government's New Entrants' Reserve will take place on Wednesday, the 29th of June 2011. A quantity of 1.100.000 EUAs will be auctioned through the OASIS trading platform of Athens Exchange (ATHEX).

Program Trading Averaged 36.2 Percent Of NYSE Volume During June 13-17

Date 23/06/2011

The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for June 13-17.

ESMA: Publication Of The Responses To Two Calls For Evidence On Credit Rating Agencies

Date 23/06/2011

To view the responses, please see Consultations, Closed consultations and answers.

UK Joins Fellow Members Of International Energy Agency In Limited Oil Stock Release

Date 23/06/2011

The UK today joined its partners in the International Energy Agency (IEA) in releasing oil stocks to the market. A total of 60 million barrels of oil will be made available for purchase over the next 30 days, with the UK contributing some 3 million barrels.

The MICEX Group Expects Influx Of Foreign Investors To The Russian Market

Date 23/06/2011

The Federal law repealing the tax on foreign investors’ income from the sale of shares traded in the on-exchange market has been signed by Russian President Dmitry Medvedev.