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News Centre
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SIFMA Statement On Issuance Of Revised No-Action Relief For SEC Rule 15c2-11
Date 22/11/2024
SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the issuance of revised no-action relief for SEC Rule 15c2-11:
“Extending the 15c2-11 no-action relief is the right outcome and we commend the SEC for taking this approach. SIFMA has long held that rules need to be fit for purpose and designed thoughtfully. In this case, an equity-markets focused rule was ill-suited for application to the very different fixed income markets, and if the current no action relief that has allowed fixed income markets to continue to function effectively were to expire, these markets would have seen material disruption and investors would have been harmed through a reduction in liquidity and price transparency. If this rule is to be applied to fixed income markets, it needs to be revised through a public notice and comment process so that the Commission can design a rule that both protects investors and promotes, rather than impairs, the ability of fixed income markets to fund the consumer, business, and other credit creation that fuels our economy.”
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DTCC Comments On SEC Action On FICC Rule Filings
Date 22/11/2024
The Depository Trust & Clearing Corporation (DTCC) issued the following statement:
"We are pleased that the SEC took action to approve FICC's rule filings related to access models and segregated accounts & margin. With these approvals, we are now ready to advance our implementation efforts with the industry, in preparation for next year's deadlines."
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SEC Commissioner Lizárraga Statement On His Planned Departure From The Commission
Date 22/11/2024
I notified President Joe Biden of my intent to step down as SEC Commissioner, effective January 17, 2025.
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Ontario Securities Commission Introduces New Investing Academy Course During Financial Literacy Month
Date 22/11/2024
The Ontario Securities Commission (OSC) today added a new course, Investing 102: Beyond the basics, to Investing Academy by GetSmarterAboutMoney.ca. Investing Academy is a series of free interactive courses that teach people about money and investing.
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Nasdaq Announces Semi-Annual Changes To OMX Stockholm Benchmark™ Index
Date 22/11/2024
Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Stockholm Benchmark™ Index, (Nasdaq Stockholm: OMXSB), which will become effective at market open on Monday, December 2, 2024.
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Nasdaq Announces Semi-Annual Changes To The OMX Helsinki Benchmark™ Index
Date 22/11/2024
Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Helsinki Benchmark™ Index, (Nasdaq Helsinki: OMXHB), which will become effective at market open on Monday, December 2, 2024.
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SEC Charges Three Broker-Dealers With Filing Deficient Suspicious Activity Reports - Firms Receive Credit For Cooperating With SEC’s Investigations
Date 22/11/2024
The Securities and Exchange Commission today announced that broker-dealers Webull Financial LLC, Lightspeed Financial Services Group LLC, and Paulson Investment Company, LLC have agreed to settle charges that they filed with law enforcement suspicious activity reports (SARs) that failed to include important, required information. The three broker-dealers agreed to pay $275,000 combined in civil penalties to settle the SEC’s charges.
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SEC: IM Staff Statement On FICC Registered Fund Margin Framework
Date 22/11/2024
On December 13, 2023, the Commission adopted rules (the “Final Rules”) under the Securities Exchange Act of 1934 to amend the standards applicable to covered clearing agencies for U.S. Treasury securities.
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Federal Reserve Board Announces Pricing, Effective January 1, 2025, For Payment Services The Federal Reserve Banks Provide To Banks And Credit Unions
Date 22/11/2024
The Federal Reserve Board on Friday announced pricing, effective January 1, 2025, for payment services the Federal Reserve Banks provide to banks and credit unions, such as the clearing of checks, automated clearing house (ACH) transactions, instant payments, and wholesale payment and settlement services.
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Nasdaq Announces Semi-Annual Changes To The OMX Copenhagen Benchmark™ Index
Date 22/11/2024
Nasdaq (Nasdaq: NDAQ) announced today the results of the semi-annual review of the OMX Copenhagen Benchmark™ Index, (Nasdaq Copenhagen: OMXCB), which will become effective at market open on Monday, December 2, 2024.