News Centre

Enhancing Oversight Of Our Equities And Options Markets, SEC Commissioner Luis A. Aguilar, March 25, 2015

Date 25/03/2015

Today, the Commission considers a proposal to amend Rule 15b9-1, which exempts certain broker-dealers from the obligation to hold membership in a registered national securities association.[1] The proposed amendments are intended to realign the rule with current market practices and to curtail the use of this rule by certain high-frequency traders in order to avoid the membership requirement. The proposal being considered today represents an important step in improving market oversight.

European Investment Bank: Tap Of Longest Green Benchmark Heralds Imminent Publication Of New Green Bond Principles

Date 25/03/2015

• EIB’s CAB 2026 increased to EUR 1.25 bn

• 2015 Green Bond Principles (“GBP”) to be presented in London on 27/3

• Special CAB-Newsletter of the EIB to be presented in London on 27/3

• Total CAB issuance approaching EUR 8.5bn

Statement At Open Meeting On Rule 15b9-1, SEC Commissioner Kara M. Stein, March 25, 2015

Date 25/03/2015

First, I would like to echo my thanks to the staff who have worked hard on this release.   

Today’s proposal addresses the lack of uniform oversight of broker-dealers.  Generally, a registered broker-dealer must be a member of a securities association unless it conducts its trades solely on an exchange.  A securities association serves as a self-regulatory organization, or SRO, which provides important oversight and a regulatory framework to safeguard investors.  In 1976, the Commission issued a provision that provided a conditional exemption for certain exchange members from this membership requirement.

Realex Payments Acquired By Global Payments

Date 25/03/2015

We’re delighted to announce that Realex Payments, one of Europe’s largest and fastest growing payment gateways, has been acquired by Global Payments, a leading worldwide provider of payment technology services.

Statement At Open Meeting on Rule 15b9-1, SEC Commissioner Michael S. Piwowar, March 25, 2015

Date 25/03/2015

Thank you, Chair White.

As with any rulemaking, this one raises a serious threshold question:  why it is necessary and appropriate.  I am not convinced that today’s proposal clears that hurdle.  But, despite my reservations, I will be voting in favor of the Staff’s recommendation.  I believe there is value in seeking public input about the current nature and state of regulatory oversight of certain market participants and the potential for enhancements to our regulatory structure.  I hope that interested parties will provide robust comment on the proposal to help inform our decision on whether to proceed with adopting these rule amendments.  Of course, all comments are welcome; each and every one of the questions we pose should generate responses and data that will be of great benefit to us.  But I want to identify three issues on which I expect feedback will be particularly helpful. 

Bank Of England Publishes Independent Review Of RTGS Outage

Date 25/03/2015

​The Bank of England today published the results of an independent review by Deloitte of the disruption to the Real Time Gross Settlement (RTGS) system on 20 October 2014.  The Bank also published its response, in which it accepted all of the review’s recommendations and set out how it intends to implement each of them.

TABB Research IDs 10 Critical Criteria In Selecting CAT Processor - Three-Part Series Concludes, Analyzing Consolidated Audit Trail Program’s Ongoing Process of Selecting All-Important Processor

Date 25/03/2015

The Consolidated Audit Trail (CAT) initiative is one of the largest, most ambitious and potentially most problematic projects the capital markets industry has undertaken. According to TABB Group in the last of its three-part series analyzing the current state of the CAT effort and the ongoing  effort of selecting the CAT processor, they delved deep into the project’s details and identified 10 critical criteria for the self-regulatory organizations (SROs) to apply in selecting the CAT processor drawn from six final proposals.

Olivetree Group Announces Demerger Of Technology Business - OTAS Technologies To Operate As Independent Entity

Date 25/03/2015

Olivetree Group, a global financial services firm, has today announced plans to demerge OTAS Technologies, its financial technology subsidiary, following approval from the Financial Conduct Authority (FCA) and the firm’s Board of Directors.

Lord Mogg Reappointed As Chairman Of ACER Board Of Regulators

Date 25/03/2015

ACER’s Board of Regulators (BoR), who met today in Ljubljana for the 46th time, have reappointed Lord Mogg (OFGEM) as their Chairman for a new term of office of two and a half years starting in May 2015.

Statement At Open Meeting On Rule 15b9-1 and Reg A+, SEC Chair Mary Jo White, March 25, 2015

Date 25/03/2015

Good morning.  This is an open meeting of the U.S. Securities and Exchange Commission on March 25, 2015 under the Government in Sunshine Act.  The Commission today will consider two recommendations, one from the Division of Trading and Markets and the other from the Division of Corporation Finance – a proposed amendment to Rule 15b9-1 of the Exchange Act and the adoption of Regulation A+ under the JOBS Act.