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  • NZX Issue Of Ordinary Shares

    Date 16/03/2023

    The attached capital change notice is given under NZX Listing Rule 3.13.1 and relates to the issue of ordinary shares in NZX Limited (NZX) under the NZX Dividend Reinvestment Plan.

  • Statement On The Proposed Amendments To Regulation Systems Compliance And Integrity, SEC Commissioner Mark T. Uyeda, March 15, 2023

    Date 15/03/2023

    Thank you, Chair Gensler, and thank you to the staff for their presentation. The Commission adopted Regulation SCI in 2014 to address perceived technological vulnerabilities, improve Commission oversight, and mitigate the risk of technical “single points of failure” in the securities market.[1] Given its substantial burdens, Regulation SCI was narrowly applied to key participants, including the stock and options exchanges, registered and certain exempt clearing agencies, FINRA and the MSRB, alternative trading systems that trade stocks exceeding specified volume thresholds, and market data processors. Today, the Commission considers an expansion of Regulation SCI’s scope to include registered security-based swap data repositories (SBSDRs), registered broker-dealers exceeding certain asset or transaction activity thresholds, and additional exempt clearing agencies.

  • Federal Reserve Announces July Launch For The FedNow Service - The Service Will Debut With Financial Institutions And The U.S. Treasury On Board

    Date 15/03/2023

    The Federal Reserve announced that the FedNow Service will start operating in July and provided details on preparations for launch.

  • Statement On The Proposed Amendments To Regulation S-P: Privacy Of Consumer Financial Information And Safeguarding Customer Information, SEC Commissioner Mark T. Uyeda March 15, 2023

    Date 15/03/2023

    Thank you, Chair Gensler, and thank you to the staff for their presentations. Today, the Commission considers three separate, but related proposals. In discussions with the staff, the three proposals have been described as having different objectives and not being limited solely to cybersecurity. Despite that view, each proposal places a significant focus on cybersecurity. In fact, that term is mentioned over 250 times in the Regulation S-P and Regulation SCI proposals, and over 2,000 times in the cybersecurity risk management proposal. However, the Commission has provided little analysis as to how the proposals interact with each other or how, as a group, they mitigate cybersecurity risks in the most efficient manner. The lack of an integrated regulatory structure may even weaken cybersecurity protection by diverting attention to satisfy multiple overlapping regulatory regimes rather than focusing on the real threat of cyber intrusions and other malfeasance. Thus, my preference would be to create a unified approach to cybersecurity where various components are complementary, rather than duplicative, and that counsels for an incremental approach to hardening the markets and its participants against the harms of cybersecurity breaches.

  • Statement On The Proposed Cybersecurity Risk Management Rule For Broker-Dealers, Clearing Agencies, Major Security-Based Swap Participants, The Municipal Securities Rulemaking Board, National Securities Associations, National Securities Exchanges, SEC Commissioner Mark T. Uyeda, March 15, 2023

    Date 15/03/2023

    Thank you, Chair Gensler, and thank you to the staff for their presentations. The Commission is considering whether to propose specific requirements for broker-dealers, clearing agencies, national securities exchanges, transfer agents, self-regulatory organizations, and swap dealers and repositories, among others (“covered entities”) regarding cybersecurity. The proposal includes a new Rule 10 and Form SCIR. Under proposed Rule 10, covered entities would be required to establish, maintain, and enforce written policies and procedures reasonably designed to address their cybersecurity risks and periodically review their effectiveness.