News Centre

ISDA Publishes Results Of Survey On Increased Clearing In US Treasury Market

Date 10/08/2022

ISDA has published the results of a survey on the US Treasury market, which provides views on the potential benefits and costs of increased clearing of cash Treasury securities and repos.

CME Group: SOFR Options Open Interest Surpasses 10 Million Contracts As Liquidity In SOFR Deepens

Date 10/08/2022

• Record average daily volume (ADV) of 2,456,246 SOFR futures and options contracts traded in August
• Record ADV of 606,225 SOFR options contracts

Statement On Proposed Amendments To Form PF To Amend Reporting Requirements For All Filers And Large Hedge Fund Advisers, SEC Commissioner Hester M. Peirce, Aug. 10, 2022

Date 10/08/2022

Thank you, Mr. Chair. Although I have called for changes to Form PF, neither the changes we are considering today, nor the ones we proposed on January 26th, are what I had in mind. Today’s amendments—which the Commodity Futures Trading Commission (“CFTC”) is joining us in proposing—would expand Form PF by adding questions of the nice to know, rather than need to know variety. Why we need the new information and what we plan to do with it are questions left to the reader’s imagination. Accordingly, I am unable to support the proposal.

Banter Negatively Impacting 97% Of Financial Services Professionals & HR Departments Have An Image Problem: CISI Survey

Date 10/08/2022

Only 3% of those working in the financial services profession felt comfortable about banter in their workplace, according to a new CISI survey.

Market For Underlying Security Used For Openings On MIAX Options, MIAX Pearl Options And MIAX Emerald Options For Newly Listed Symbols Effective Thursday, August 11, 2022

Date 10/08/2022

Please refer to the Regulatory Circulars listed below for newly added symbols and the corresponding market for the underlying security used for openings on the MIAX Exchanges. The newly listed symbols will be available for trading beginning Thursday, August 11, 2022.

SEC Proposes To Enhance Private Fund Reporting

Date 10/08/2022

The Securities and Exchange Commission today voted to propose amendments to Form PF, the confidential reporting form for certain SEC-registered investment advisers to private funds. The amendments, which the Commodity Futures Trading Commission (CFTC) is concurrently considering to propose jointly with the SEC, are designed to enhance the Financial Stability Oversight Council’s (FSOC) ability to assess systemic risk as well as to bolster the SEC’s regulatory oversight of private fund advisers and its investor protection efforts in light of the growth of the private fund industry.

Enhancing Private Fund Adviser Reporting Data, SEC Commissioner Jaime Lizárraga, Aug. 10, 2022

Date 10/08/2022

Today, the Commission is proposing amendments that would improve our oversight and investor protection efforts over the $20 trillion private fund adviser industry. These amendments will also help better assess trends and enhance a key resource for identifying financial stability risks.

Statement On Proposed Joint Amendments To Form PF, SEC Chair Gary Gensler, Aug. 10, 2022

Date 10/08/2022

Today, the Commission is considering whether to propose joint amendments with the Commodity Futures Trading Commission (CFTC) to Form PF, an important reporting tool that the Commission and the Financial Stability Oversight Council (FSOC) use, respectively, to protect investors and monitor systemic risk. I am pleased to support the proposal because, if adopted, it would improve the quality of the information we receive from all Form PF filers, with a particular focus on large hedge fund advisers.

Statement Of CFTC Commissioner Summer K. Mersinger Regarding Extension Of No-Action Relief From Certain Position Aggregation Requirements Under CFTC Regulation 150.4

Date 10/08/2022

I support extending the no-action relief originally granted in 2017 in Commodity Futures Trading Commission (CFTC or Commission) Letter No. 17-37 (CFTC Letter 17-37) and subsequently extended in 2019 in CFTC Letter No. 19-19 (CFTC Letter 19-19, and collectively with CFTC Letter 17-37, the CFTC Letters).  The CFTC Letters provide market participants with relief from certain position aggregation requirements in Commission Regulation 150.4.  I appreciate that extending that relief will provide certainty to impacted market participants for an additional three years.  However, the certainty that market participants seek, and that the Commission owes them, should be provided by the Commission fixing unworkable rules rather than using no-action relief to “kick the can down the road” for another three years. 

CFTC Staff Extends Temporary No-Action Letter Regarding Certain Position Aggregation Requirements

Date 10/08/2022

The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today announced it has issued a no-action letter temporarily extending CFTC Staff Letter No. 19-19, regarding certain position aggregation requirements, which expires August 12. CFTC Staff Letter No. 22-09, issued today, provides that DMO will not make an enforcement referral to the Commission with respect to CFTC Regulation 150.4, subject to certain conditions, including compliance with: