SIFMA today issued the following statement from Randy Snook, executive vice president, business policies and practices, on the SEC's adoption of Regulation SCI:
"SIFMA supports Regulation SCI's goal of market resiliency, which is a critical responsibility that all market participants share. Regulation SCI is a meaningful step forward to help ensure that the financial industry's critical infrastructure can support robust market activity and avoid disruptions that could undermine investor confidence in the markets. While we will need to review the scope and details of this rule with our members, we are encouraged by the SEC's focus on critical market participants."