News Centre

CFTC Staff Extends Temporary Swap Data Reporting Relief For Certain International Swap Dealers And Major Swap Participants

Date 19/11/2020

The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) today issued a staff letter extending no-action relief to certain CFTC-registered swap dealers (SDs) and major swap participants (MSPs).

Trading Book Capital – Virtual Event, November 19, 2020, Opening Remarks, Scott O’Malia, CEO, ISDA

Date 19/11/2020

Hello everyone, and welcome to this Trading Book Capital virtual event. Thank you to all of our speakers and to our event sponsor, Ernst & Young.

Joint Statement On Amendments To Regulation S-K: Management’s Discussion And Analysis, Selected Financial Data, And Supplementary Financial Information: SEC Commissioner Allison Herren Lee, SEC Commissioner Caroline A. Crenshaw, Nov. 19, 2020

Date 19/11/2020

We want to start by thanking the staff in the Division of Corporation Finance, Office of the General Counsel, Division of Economic and Risk Analysis, and Office of the Chief Accountant who have worked on this rule. It has gone from proposal to adoption in less than one year’s time, which is not an easy task, particularly during a global pandemic. Due to the staff’s expertise, hard-work, and thoughtfulness, many of the changes adopted today will be beneficial for investors. For example, certain of the changes to Item 303 of Regulation S-K should enhance the quality of MD&A disclosures. Nevertheless, there are two significant aspects of the rule that we cannot support. Therefore, we must respectfully dissent.

SEC Adopts Amendments To Modernize And Enhance Management’s Discussion And Analysis And other Financial Disclosures

Date 19/11/2020

The Securities and Exchange Commission today announced that it has voted to adopt amendments that will modernize, simplify and enhance certain financial disclosure requirements in Regulation S-K. The amendments are intended to enhance the focus of financial disclosures on material information for the benefit of investors, while simplifying compliance efforts for registrants.

US Federal Agencies Release Fact Sheet To Clarify Bank Secrecy Act Due Diligence Requirements For Banks And Credit Unions That Offer Services To Charities And Non-Profits

Date 19/11/2020

Federal financial institution regulatory agencies today issued a joint fact sheet clarifying that bank and credit union compliance efforts to meet Bank Secrecy Act due diligence requirements for customers that are charities and other nonprofit organizations should be based on the money laundering risks posed by the customer relationship.

Lourdes Caballes And Michael Rufino Named Associate Directors Of OCIE's Broker-Dealer Examination Program In The SEC's New York Regional Office

Date 19/11/2020

The Securities and Exchange Commission today announced that Lourdes Caballes and Michael Rufino have been named Associate Directors of the Office of Compliance Inspections and Examinations (OCIE) Broker-Dealer Examination Program in the New York Regional Office. Together, Ms. Caballes and Mr. Rufino will oversee a staff of nearly 80 accountants, examiners and attorneys responsible for inspections of SEC-registered broker-dealers in New York and New Jersey. Ms. Caballes and Mr. Rufino succeed Robert Sollazzo who retired in July after 38 years of service to the SEC.

Ontario Securities Commission Publishes 2020 Corporate Finance Branch Report

Date 19/11/2020

The Ontario Securities Commission (OSC) today published its annual Corporate Finance Branch Report, an important resource to help issuers and their advisors comply with their reporting obligations. Due to the ongoing impact of the COVID-19 pandemic, the report also provides issuers with guidance on additional considerations related to the impact of COVID-19.   The Ontario Securities Commission (OSC) today published its annual Corporate Finance Branch Report, an important resource to help issuers and their advisors comply with their reporting obligations. Due to the ongoing impact of the COVID-19 pandemic, the report also provides issuers with guidance on additional considerations related to the impact of COVID-19.   The Ontario Securities Commission (OSC) today published its annual Corporate Finance Branch Report, an important resource to help issuers and their advisors comply with their reporting obligations. Due to the ongoing impact of the COVID-19 pandemic, the report also provides issuers with guidance on additional considerations related to the impact of COVID-19.   

The Changing Structure Of Mortgage Markets And Financial Stability, Federal Reserve Governor Michelle W. Bowman, At The “Financial Stability: Stress, Contagion, And Transmission” 2020 Financial Stability Conference Hosted By The Federal Reserve Bank Of Cleveland And The Office Of Financial Research, Cleveland, Ohio (Via Webcast)

Date 19/11/2020

Good afternoon, everyone. It is a pleasure to join you here today and to share a few of my thoughts on financial stability issues with you. I would like to thank the Cleveland Fed and the Office of Financial Research for hosting this conference and for that very kind introduction. It is encouraging to see so many great minds devoting their time and attention to studying financial stability. At the Board, we dedicate considerable attention to this topic as well, and I would like to thank my colleagues, Vice Chair for Supervision Randy Quarles, Chair of the Financial Stability Board (FSB), and Governor Lael Brainard, for their leadership on these issues both internationally and at the Board.

Putting Principles Into Practice, The SEC From 2017-2020, Remarks To The Economic Club Of New York, SEC Chairman Jay Clayton, Nov. 19, 2020

Date 19/11/2020

Thank you, John [Williams].

It is wonderful to be back with the Economic Club of New York.  You are a sophisticated, experienced, outcome-oriented, tough and fair audience, interested in economic and wage growth and improving our society more generally.  Just the way it should be.

Moscow Exchange: Risk Parameters On Securities Market

Date 19/11/2020

CCP NCC will set the following risk parameters on Securities market Ozon Holdings PLC (ticker OZON):