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  • Readout: US Secretary Of The Treasury Janet L. Yellen’s Meeting With French Finance Minister Bruno Le Maire

    Date 13/10/2023

    Today, U.S. Secretary of the Treasury Janet L. Yellen met with French Finance Minister Bruno Le Maire on the sidelines of the IMF World Bank Annual Meetings in Marrakech, Morocco. Secretary Yellen expressed her appreciation for Minister Le Maire and France’s close cooperation on actions to respond to Russia’s illegal invasion of Ukraine, on the need to sustain robust economic and budgetary support for Ukraine, and on the work to combat sanctions evasion. Secretary Yellen discussed needed progress on the clean energy transition and supply chain resilience, as well as the economic outlook for the United States and Europe.

  • CFTC Commitments Of Traders Reports Update

    Date 13/10/2023

    The current reports for the week of October 10, 2023 are now available. Report data is also available in the CFTC Public Reporting Environment (PRE), which allows users to search, filter, customize and download report data.

  • Statement On Short Sale Disclosure, SEC Commissioner Hester M. Peirce, Oct. 13, 2023

    Date 13/10/2023

    Thank you, Mr. Chair. In 2010, Congress directed the Commission to prescribe rules providing for the public disclosure of aggregate short sale position data on at least a monthly basis. The final rule that we are considering today, however, goes well beyond what Congress requires. Because a narrower rule leveraging existing reporting requirements could have brought more meaningful transparency at lower costs, I cannot support this recommendation.

  • Statement On Reporting Of Securities Loans, SEC Commissioner Mark T. Uyeda, Oct. 13, 2023

    Date 13/10/2023

    Thank you, Chair Gensler. Under Section 984(b) of the Dodd-Frank Act, the Commission is required to promulgate rules “designed to increase the transparency of information available to brokers, dealers, and investors with respect to the loan or borrowing of securities.”[1] Today, the Commission considers adopting final Rule 10c-1a to fulfill that obligation. This rule would require covered persons to provide to a registered national securities association—which is effectively FINRA—information concerning certain securities loans within specified time periods, and would require FINRA to make certain information publicly available. The final rule also contains requirements for FINRA on data retention and reasonable fees.

  • Statement On Short Position And Short Activity Reporting By Institutional Investment Managers, SEC Commissioner Mark T. Uyeda, Oct. 13, 2023

    Date 13/10/2023

    Thank you, Chair Gensler. Section 13(f)(2) of the Exchange Act requires the Commission to prescribe rules providing for the public disclosure of the name of the issuer and the title, class, CUSIP number, and aggregate amount of the number of short sales of each security, and any additional information determined by the Commission. Section 13(f)(3) then provides the Commission with authority to exempt any institutional investment manager or security or any class of the foregoing from any or all of the provisions of Section 13(f) or the rules thereunder. Notably, in enacting the Dodd-Frank Act, Congress did not limit the Commission’s exemptive authority under section 13(f)(3) as it did in other areas, such as with respect to certain swaps and derivatives where Congress did specifically curtail Commission authority to issue exemptive relief.