News Centre

Increasing Market Fairness And Efficiency For Investors, SEC Commissioner Jaime Lizárraga, Feb. 15, 2023

Date 15/02/2023

The Commission’s ongoing project to modernize many of the rules that govern the day-to-day operations of our capital markets is essential to advancing the interests of the investing public. Where there are unnecessary risks and inefficiencies, it is our responsibility to tackle them and ensure that we fulfill our mission of maintaining fair, orderly and efficient markets.

Protecting Investors’ Assets, SEC Commissioner Jaime Lizárraga, Feb. 15, 2023

Date 15/02/2023

Protecting investors’ assets is a fundamental component of the SEC’s mission. The proposal before us today strengthens and modernizes an existing rule that was designed to provide meaningful and enhanced protections directly to investors, and in particular, to working families who hire an investment adviser.

Statement On Safeguarding Advisory Client Assets Proposal, SEC Commissioner Caroline A. Crenshaw, Feb. 15, 2023

Date 15/02/2023

I am pleased to support today’s proposal relating to amendments to the Custody Rule, or the newly minted “Safeguarding Advisory Client Assets” Rule.

Statement On Safeguarding Advisory Client Assets Proposal, SEC Commissioner Hester M. Peirce, Feb. 15, 2023

Date 15/02/2023

Thank you, Chair Gensler. Safeguarding client assets is at the heart of investor protection. Accordingly, I had anticipated supporting a proposal to amend the custody rule, which, after fourteen eventful years, deserves another update. Significant aspects of the proposed approach and its implementation timeline, however, raise such great questions about the rule’s workability and breadth that I cannot support today’s proposal. I look forward to hearing from my colleagues today and from commenters during the comment period and hope that I can support the final safeguarding rule.

SEC Proposes Enhanced Safeguarding Rule For Registered Investment Advisers

Date 15/02/2023

The Securities and Exchange Commission today proposed rule changes to enhance protections of customer assets managed by registered investment advisers. If adopted, the changes would amend and redesignate rule 206(4)-2, the Commission’s custody rule, under the Investment Advisers Act of 1940 and amend certain related recordkeeping and reporting obligations.

Statement On Proposed Rules Regarding Investment Adviser Custody, SEC Chair Gary Gensler, Feb. 15, 2023

Date 15/02/2023

Today, the Commission is considering a proposal to expand and enhance the role of qualified custodians when registered investment advisers custody assets on behalf of their investors. I support this proposal because, in using important authorities Congress granted us after the financial crisis, it would help ensure that advisers don’t inappropriately use, lose, or abuse investors’ assets.

Statement On Adopting Rules Regarding The Settlement Cycle, SEC Chair Gary Gensler, Feb. 15, 2023

Date 15/02/2023

Today, the Commission is considering whether to adopt amendments to important features of the clearing and settling process. I support this adoption because it will reduce latency, lower risk, and promote efficiency as well as greater liquidity in the markets.

Cboe Global Markets To Launch Cboe One Options Feed, A New, Real-Time U.S. Options Market Data Solution

Date 15/02/2023

• Consolidated, real-time U.S. options pricing from the largest U.S. options exchange operator
• Through a single market data feed, Cboe One Options Feed will publish aggregated BBO of all displayed orders for securities traded on Cboe's four options exchanges
• Aims to meet investor demand for a cost-effective alternative to existing offerings

FTSE 100 Breaks Through 8,000 For First Time

Date 15/02/2023

The UK's FTSE 100 benchmark index set a record high today, hitting 8,000 points for the first time.

Refinitiv Commences Publication Of New Versions Of USD IBOR Cash Fallbacks - Refinitiv USD IBOR Cash Fallbacks Now Support New Federal Reserve Board And Alternative Reference Rates Committee (ARRC) Selected Benchmark Replacements Based On 30-Day Average SOFR To Help Clients Prepare For USD LIBOR Cessation On June 30, 2023

Date 15/02/2023

Effective today, and following the January 30 announcement, Refinitiv has commenced publication of new USD IBOR Cash Fallbacks that are consistent with the Federal Reserve Board and ARRC benchmark replacements for FHFA-regulated-entity contracts (except Federal Home Loan Bank advances) and Federal Fami