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  • ASIC: Credit Suisse Pays $75,000 Infringement Notice

    Date 03/07/2020

    Credit Suisse Equities (Australia) Limited (Credit Suisse) has paid a penalty of $75,000 to comply with an infringement notice given by the Markets Disciplinary Panel (the MDP).

  • ISDA derivatiViews: Reforming The EU BMR

    Date 02/07/2020

    There’s been a lot of recent attention on LIBOR and other interbank offered rates, but there are a multitude of other interest rate, credit, FX, equity and commodity benchmarks that are absolutely vital in enabling firms to manage their day-to-day business activities – from hedging risk to converting overseas revenue and repatriating funds. Under the European Union’s Benchmarks Regulation (BMR), however, EU end users, including pension funds, insurance companies, industrial corporations and investors, could suddenly lose access to many of these benchmarks after the end of 2021. We think this needs to change in order to avoid putting EU institutions at a severe competitive disadvantage and leaving them with potentially no alternative means to manage their exposures.

  • CFTC Financial Data For Futures Commission Merchants Update

    Date 02/07/2020

    Futures commission merchants (FCMs) and retail foreign exchange dealers (RFEDs) must file monthly financial reports with the CFTC's Division of Swap Dealer and Intermediary Oversight (DSIO) within 17 business days after the end of the month. Selected financial information from these reports is published below. The most recent month-end information generally is added within 12 business days after FCMs and RFEDs file their reports, but occasionally may be added later. For example:  The 17th business day filing “due date" for February 28, 2015 financial reports was March 25, 2015.  The 12 business day target for posting these data was April 10, 2015.

  • MIAX: Consolidated Audit Trail Compliance Rules Information

    Date 02/07/2020

    FINRA has published a Regulatory Notice providing an update on coordination between the national securities exchanges and FINRA on the Consolidated Audit Trail (“CAT”) compliance rules (the “CAT Compliance Rules”). 

  • ISDA: Review Of The MIFID II/MIFIR Framework

    Date 02/07/2020

    The revised Markets in Financial Instruments Directive and Markets in Financial Instruments Regulation (MIFID II/MIFIR) were critical elements of the European Union’s (EU) effort to address shortcomings exposed by the financial crisis. Among other things, the framework was aimed at incentivizing the trading of standardized over-the-counter derivatives on exchanges and electronic trading platforms where appropriate, in order to improve transparency and ensure a level playing field between existing trading execution techniques.