News Centre

Speech By SEC Commissioner Elisse B. Walter: Opening Statement At SEC Open Meeting: (1) Rules Implementing Amendments To The Advisers Act Of 1940 (Final Rules); (2) Exemptions For Advisers To Venture Capital Funds, Private Fund Advisers With Less Than $150 Million In Assets Under Management, And Foreign Private Advisers (Final Rules)

Date 23/06/2011

I would like to thank the staff of the Division of Investment Management, and the other divisions and offices who have worked on the recommendations before us this morning. I know that your names have been mentioned already, but I wanted to make sure to echo the appreciation expressed by my colleagues. I would also like to welcome Craig Lewis, as the new Chief Economist and Director of RiskFin.

Component Changes Made To Dow Jones Summer/Winter Games Index

Date 23/06/2011

Dow Jones Indexes, a leading global index provider, today announced component changes in theDow Jones Summer/Winter Games Index.

Speech By SEC Commissioner Troy A. Paredes: Statement At Open Meeting To Adopt Final Rules Regarding Exemptions For Advisers To Venture Capital Funds, Private Fund Advisers With Less Than $150 Million In Assets Under Management, And Foreign Private Advisers And Final Rules Implementing Amendments To The Investment Advisers Act Of 1940

Date 23/06/2011

Thank you, Chairman Schapiro.

I, too, join my colleagues in thanking the staff – particularly those from the Division of Investment Management – for your dedicated efforts on these rulemakings.

SIFMA Market Close Recommendations For The US Independence Day Holiday In The US, the UK And The Japanese Markets

Date 23/06/2011

In observance of the US Independence Day holiday, SIFMA made holiday recommendations  in the US, the UK and Japan.

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).