News Centre

SEC: Staff Guidance On SRO Rule Filings Relating To Fees

Date 21/05/2019

The Division has prepared this guidance to assist the national securities exchanges and FINRA (hereafter, “SROs”) in preparing Fee Filings that meet their burden to demonstrate that proposed fees are consistent with the requirements of the Securities Exchange Act of 1934 (“Exchange Act”), and rules thereunder. The Exchange Act provides that a proposed rule change may not take effect unless it is approved by the Commission pursuant to Exchange Act Section 19(b)(2), or it becomes immediately effective upon filing pursuant to Exchange Act Section 19(b)(3)(A). Rule 19b-4(f) under the Exchange Act specifies the types of proposed rule changes that may become immediately effective upon filing with the Commission, and includes those properly designated by the SROs as “establishing or changing a due, fee, or other charge imposed by the self-regulatory organization.” Whether filed for Commission approval or immediate effectiveness, all proposed rule changes, including proposed fee changes, are required to be consistent with the Exchange Act.

NZX Announces Sale Of FundSource

Date 21/05/2019

NZX has entered into a conditional sale and purchase agreement with Zenith Investment Partners in respect of the sale of its FundSource business.

Remarks At SEC Memorial Day Ceremony, SEC Chairman Jay Clayton, May 21, 2019

Date 21/05/2019

Good afternoon. Thank you, Matt [Cursio, SEC Veterans Committee Vice Chairman] for your kind introduction.

And thank you to Tobias, for that moving rendition of the National Anthem. As Matt mentioned, Tobias is the son of Darlene Williams in our Office of International Affairs. Thank you both for sharing Tobias’s considerable talents with us all today.

SIFMA: SECURE Act Of 2019 Deserves Strong Bipartisan Support

Date 21/05/2019

SIFMA today issued the following statement from President and CEO Kenneth E. Bentsen, Jr. on H.R. 1994, the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, which is expected to be voted on this week:

“The American retirement system has helped millions of Americans prepare for a secure retirement. The SECURE Act will help even more Americans realize this benefit. This legislation takes important steps toward enhancing the private retirement system and increasing retirement savings by encouraging small businesses to offer retirement savings plans and individuals to utilize the options that are available to enjoy retirement security.  These commonsense provisions deserve strong bipartisan support.”

ISDA CDM Deployed To Help Deliver UK Digital Regulatory Reporting Pilot

Date 21/05/2019

ISDA has today announced the deployment of the ISDA Common Domain Model (ISDA CDM 2.0) to support the UK Financial Conduct Authority, the Bank of England and participating financial institutions in testing phase two of the digital regulatory reporting (DRR) pilot for derivatives.

Remarks By Cheryl Crispen, Executive Vice President, Communications & Marketing SIFMA At SIFMA’s 2019 Diversity & Inclusion Conference

Date 21/05/2019

Good afternoon. I am Cheryl Crispen, and I head up Communications and Marketing and lead SIFMA’s Diversity & Inclusion efforts. There are a number of SIFMA team members involved in D&I, so let me thank Evan Grogan, Erin McNicholas, Niccole Rivero, Bradley Edgell, and Mark Schuermann. Also, I want to thank the SIFMA Conferences team, especially Lizzie Grimm, for all their help with this conference.

Alberta Securities Commission: Securities Act Confidentiality Provision Ruled Constitutional

Date 21/05/2019

Justice B. Millar of the Court of Queen’s Bench of Alberta has rejected a constitutional attack against section 45 of the Securities Act (Alberta) (the Act), which provides that anything acquired and all information or evidence obtained pursuant to an investigation is confidential and shall not be divulged subject to certain exceptions.

TEXPERS REPORT: Pew Charitable Trusts Misleads On Texas Pension Funds

Date 21/05/2019

Executive Summary:

Over the years, the Texas Association of Public Employees Retirement Systems has called into question the objectivity of Pew Charitable Trusts’ reports on public employee pensions. In sum, the organization has proven itself biased against defined benefit plans for police, firefighters, teachers, and state and municipal employees. Their May 2019 report, “Municipalities Grapple with Retirement System Shortfalls,” is similarly biased in our opinion and should also be viewed skeptically with regards to Texas systems. This TEXPERS Backgrounder identifies problem areas in the Pew report with regards to the Texas pensions.

Office Of The Comptroller Of The Currency: Senior Deputy Comptroller Discusses Bank Secrecy Act And Anti-Money Laundering Compliance

Date 21/05/2019

Senior Deputy Comptroller for Bank Supervision Policy Grovetta N. Gardineer today discussed efforts to protect the financial system from being misused for illegal purposes during a hearing before the U.S. Senate Committee on Banking, Housing, and Urban Affairs.

Interest Adjustment For bond - Oslo Børs VPS Holding ASA

Date 21/05/2019

The interest rate for the Oslo Børs VPS Holding ASA bond NO0010822455 is set at 2,26% for the period 23.05.2019 - 23.08.2019.