News Centre

SEC Proposes Updates To Electronic Recordkeeping Requirements - Amendments Will Help Modernize How Broker-Dealers Preserve Electronic Records And Enhance The Requirements For Security-Based Swap Entities

Date 18/11/2021

The Securities and Exchange Commission today published proposed amendments to the electronic recordkeeping and prompt production of records requirements applicable to broker-dealers, security-based swap dealers (SBSDs), and major security-based swap participants (MSBSPs).

Canadian Securities Regulators, SROs And Investor Protection Funds Establish Timeline For New Self-Regulatory Framework

Date 18/11/2021

Work is progressing on the creation of a new self-regulatory organization (SRO) for the investment industry and a new investor protection fund (IPF).

Proposed Updates To Securities Lending Market, SEC Chair Gary Gensler, Nov. 18, 2021

Date 18/11/2021

This week, the Commission voted unanimously in support of a proposed rule designed to strengthen the transparency and efficiency of the securities lending market.

SIFMA Statement On Completion Of Quantum Dawn VI Cybersecurity Exercise

Date 18/11/2021

SIFMA today released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, upon completion of SIFMA’s November 18 global industry-wide Quantum Dawn VI cybersecurity exercise.  A fact sheet with details on Quantum Dawn VI is available here.

SEC Announces Enforcement Results For FY 2021 - Agency Brought Significant Actions In Traditional And Emerging Areas - Whistleblower Program Surpassed $1 Billion In Awards

Date 18/11/2021

The Securities and Exchange Commission today announced that it filed 434 new enforcement actions in fiscal year 2021, representing a 7 percent increase over the prior year. Seventy percent of these new or "stand-alone" actions involved at least one individual defendant or respondent. The new actions spanned the entire securities waterfront, including against emerging threats in the crypto and SPAC spaces. For example, the SEC charged a company for operating an unregistered online digital asset exchange, charged a crypto lending platform and top executives alleging a $2 billion fraud, and brought an action against a special purpose acquisition company, its merger target, top executives, and others for alleged misconduct in a SPAC transaction. The SEC’s whistleblower program was critical to these efforts and had a record-breaking year.

US Federal Agencies Approve Final Rule Requiring Computer-Security Incident Notification

Date 18/11/2021

Federal bank regulatory agencies today announced the approval of a final rule to improve the sharing of information about cyber incidents that may affect the U.S. banking system. The final rule requires a banking organization to notify its primary federal regulator of any significant computer-security incident as soon as possible and no later than 36 hours after the banking organization determines that a cyber incident has occurred. Notification is required for incidents that have materially affected—or are reasonably likely to materially affect—the viability of a banking organization's operations, its ability to deliver banking products and services, or the stability of the financial sector.

Updates To Electronic Recordkeeping, SEC Chair Gary Gensler, Nov. 18, 2021

Date 18/11/2021

This week, the Commission voted unanimously in support of a proposal to update the electronic recordkeeping requirements for intermediaries such as broker-dealers and certain security-based swap dealers. This proposal updates an electronic recordkeeping rule adopted in 1997. A lot has changed with respect to database management, among other technologies, in the last 24 years. This proposal would bring the Commission’s rule in line with technological innovation, and I am pleased to support it.

SEC Charges Promoter With Conducting Cryptocurrency Investment Scams

Date 18/11/2021

The Securities and Exchange Commission today announced that it charged Ryan Ginster of Corona, California with conducting two unregistered and fraudulent securities offerings that raised over $3.6 million in cryptocurrency from retail investors.

Moscow Exchange: Risk Parameters Change For The Security BABA-RM

Date 18/11/2021

As per the Securities market risk parameters methodology, on 18.11.2021, 21-59 (MSK) the lower bound of the price band (up to 9663) and initial margins (up to 27 %) for the security BABA-RM were changed. New values are available here

ESMA Publishes Its Preliminary Report On The EU Carbon Market

Date 18/11/2021