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  • Dissenting Statement By CFTC Commissioner Brian Quintenz Before The Open Commission Meeting Of November 5, 2019

    Date 05/11/2019

    Today, the Commission is considering whether to formally register as foreign boards of trade (FBOTs) three prominent European futures exchanges (Euronext Amsterdam, Euronext Paris, and European Energy Exchange) that have been permitted to directly access the U.S. market for many years under staff no-action relief.  Both the Commission’s previous policy of granting no-action relief and current policy of registering foreign exchanges as FBOTs are premised on a policy of deference to foreign regulatory regimes.  The Commission assesses whether foreign exchanges are regulated comparably to how the CFTC supervises U.S. designated contract markets (DCMs), and, if so, permits the exchange to access U.S. markets without complying with the Commission’s DCM regulations or being subject to regularly scheduled CFTC examinations.[2]  This policy efficiently promotes cross-border markets and rationally focuses the Commission’s supervisory resources on U.S. exchanges.  While I do not disagree with the substance of granting these exchanges permanent status as registered FBOTs, I do disagree with the timing of today’s move by the Commission to finalize and formalize the status of these three European exchanges as registered FBOTs.

  • Statement Of SEC Chairman Jay Clayton On Proposals To Enhance The Accuracy, Transparency And Effectiveness Of Our Proxy Voting System

    Date 05/11/2019

    Good morning.  This is an open meeting of the U.S. Securities and Exchange Commission, under the Government in the Sunshine Act.

  • EEX Publishes 2020 Auction Calendar For Aviation Allowances (EUAA)

    Date 05/11/2019

    The European Energy Exchange (EEX) has supplemented the auction calendar for the year 2020 with the auctions for EU aviation allowances (EUAA). The respective dates were fixed in coordination with the European Commission and the participating Member States as well as with the responsible German and Polish authorities.

  • Statement On Proposals To Restrict Shareholder Voting, SEC Commissioner Robert J. Jackson Jr., Nov. 5, 2019

    Date 05/11/2019

    Thank you, Mr. Chairman, and thanks to Commissioner Roisman, Division Director Bill Hinman, and especially the tremendous Staff in the Division of Corporation Finance for their hard work in advance of today’s meeting. And congratulations to all of my colleagues who watched the Washington Nationals earn their first World Series title last week.

  • Statement Of CFTC Chairman Heath P. Tarbert Before The November 5, 2019 Open Meeting

    Date 05/11/2019

    Thank you all for attending today’s open meeting of the U.S. Commodity Futures Trading Commission (CFTC).  We will begin by considering a proposed amendment to Commission regulation 160.30, which requires covered entities to adopt policies and procedures for administrative, technical, and physical safeguards to protect customer records and information.  This amendment will formalize the detailed requirements for those policies and procedures consistent with the Gramm-Leach Bliley Act.