News Centre

Erik Gerding Joins SEC Division Of Corporation Finance As Deputy Director, Legal And Regulatory Policy

Date 27/09/2021

The Securities and Exchange Commission today announced that Erik Gerding has been named Deputy Director, Legal and Regulatory Policy, for the Division of Corporation Finance, effective Oct. 4, 2021. Erik comes to the SEC from the University of Colorado Law School, where he has been a Professor of Law and a Wolf-Nichol Fellow. His focus has been in the areas of corporate and securities law and financial regulation.

Coronavirus And CARES Act – Federal Reserve Chair Jerome H. Powell, Before The Committee On Banking, Housing, And Urban Affairs, U.S. Senate, Washington, D.C.

Date 27/09/2021

Chairman Brown, Ranking Member Toomey, and other members of the Committee, thank you for the opportunity to discuss the measures we have taken to address the hardship wrought by the pandemic. Our health-care professionals continue to deliver our most important response, and we remain grateful for their service. Progress on vaccinations and unprecedented fiscal policy actions are also providing strong support to the recovery.

CFTC Imposes $650,000 Penalty Against Refinitiv US SEF LLC For Swap Reporting Failures - First CFTC Enforcement Action Charging A Swap Execution Facility With Reporting Violations

Date 27/09/2021

The Commodity Futures Trading Commission today filed and settled charges against Refinitiv US SEF LLC, a registered swap execution facility, for failing to report certain categories of swap data. The order requires Refinitiv to pay a $650,000 civil monetary penalty and comply with certain undertakings.

ISDA Responds To HM Treasury On Wholesale Market Review

Date 27/09/2021

On September 24, 2021, ISDA submitted a response to HM Treasury on the Wholesale Markets Review (WMR). The WMR is a welcome opportunity to tailor the UK’s revised Markets in Financial Instruments Directive (MIFID II)/Markets in Financial Instruments Regulation (MIFIR) framework to the UK market, and ISDA members support a large majority of the proposals. However, ISDA has proposed several key changes, including recalibrating the transparency regime for derivatives markets, with the aim of achieving greater, more meaningful transparency in the UK. ISDA welcomes HM Treasury’s proposals that all post-trade risk reduction services should be exempt from the derivatives trading obligation and the scope of the derivatives trading obligation and clearing obligation should be realigned. ISDA also welcomes HM Treasury’s proposals to simplify and improve the systematic internalizer regime.

CFTC Orders Mizuho Capital Markets LLC To Pay $1.5 Million For Swap Portfolio Reconciliation, Other Compliance And Supervision Failures

Date 27/09/2021

The Commodity Futures Trading Commission today filed and settled charges against Mizuho Capital Markets LLC, a provisionally registered swap dealer, for failing to comply with certain swap dealer requirements concerning reconciling swap portfolios with its counterparties; providing disclosures to counterparties concerning the daily mid-market mark of swaps; and reporting swap transactions to a swap data repository (SDR); and related supervision failures. 

Nadex Product Schedule For The China Holidays October 1-7, 2021

Date 27/09/2021

Due to the China holiday on Friday, October 1, 2021, the China 50 contracts will have a modified trading schedule.

Asset Management Advisory Committee, SEC Commissioner Hester M. Peirce, Sept. 27, 2021

Date 27/09/2021

Thank you, Ed [Bernard].  And thanks to all the hard-working Committee members and panelists.  When Chairman Jay Clayton announced the formal establishment of the AMAC nearly two years ago, he charged it with helping “the Commission ensure that our regulatory approach to asset management meets the needs of retail investors and market participants at a time when the industry is evolving rapidly.” Over the next two years, the AMAC succeeded in addressing many of the pressing issues facing asset managers, and I for one have profited from the work and contribution each of you has made. 

Market For Underlying Security Used For Openings On MIAX Options, MIAX Pearl Options And MIAX Emerald Options For Newly Listed Option Classes Effective Tuesday, September 28, 2021

Date 27/09/2021

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 Tuesday, September 28, 2021.

Remarks At The Meeting Of The Asset Management Advisory Committee, Sarah ten Siethoff, SEC Acting Director, Division Of Investment Management, Sept. 27, 2021

Date 27/09/2021

Good morning and welcome to this meeting of the Asset Management Advisory Committe

Before I start, I would like to remind you that I am speaking only for myself and not for the Commission, the Commissioners, or the staff.

MIAX Options Exchange - MIAX Product Feed (MPF) Will Disseminate Capital Gains Tax Rate Index Cash And Settlement Values Beginning October 4, 2021

Date 27/09/2021

MIAX Product Feed (MPF) will begin disseminating the SIL U.S. Capital Gains Tax Rate Index cash value (symbol: CAPG) and the CAPG index settlement value (symbol: CAPGS) for the SIL U.S. Capital Gains Rate Index, beginning Monday, October 4, 2021. The CAPG index was developed by SIG Index Licensing, LLC.