News Centre

Statement On Adoption Of Amendments To Rule 605: Disclosure Of Order Execution Information, SEC Commissioner Caroline A. Crenshaw, March 6, 2024

Date 06/03/2024

Before Rule 605 was adopted, there was little publicly available information that investors could use to compare and evaluate execution quality among different market centers. Retail investors were not in a position to make informed decisions based on important measures of execution quality such as effective spreads and price improvements. Instead, these investors were left to choose among broker-dealers that ostensibly offered the lowest commission and “fast” executions. However, there was no straightforward way for investors to compare execution quality across broker-dealers or market centers when evaluating these claims. As a result, neither market centers such as exchanges and certain market makers, nor broker-dealers had a strong incentive to compete on their ability to obtain the best prices for investor orders.

TMX Group Consolidated Trading Statistics – February 2024

Date 06/03/2024

TMX Group Limited today announced February 2024 trading statistics for its marketplaces – Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha), including Alpha-X & Alpha DRK, and Montréal Exchange (MX).

Green Regs And Spam[1]: Statement On The Enhancement And Standardization Of Climate-Related Disclosures For Investors, SEC Commissioner Hester M. Peirce March 6, 2024

Date 06/03/2024

Thank you, Mr. Chair. The final rule is different from the proposal, but it still promises to spam investors with details about the Commission’s pet topic of the day—climate. As we have heard already, the recommendation before us eliminates the Scope 3 reporting requirements, reworks the financial statement disclosures, and removes some of the other overly granular disclosures. But these changes do not alter the rule’s fundamental flaw—its insistence that climate issues deserve special treatment and disproportionate space in Commission disclosures and managers’ and directors’ brain space. Because the Commission fails to justify that disparate treatment, I dissent.

Statement On Final Rules Regarding Order Execution Quality, SEC Chair Gary Gensler, March 6, 2024

Date 06/03/2024

Today, the Commission is considering whether to adopt final rules to enhance disclosure requirements for order execution quality. I am pleased to support this adoption because it will improve transparency for execution quality and facilitate investors’ ability to compare brokers, thereby enhancing competition in our markets.

A Climate Regulation Under The Commission’s Seal: Dissenting Statement On The Enhancement And Standardization Of Climate-Related Disclosures For Investors, SEC Commissioner Mark T. Uyeda, March 6, 2024

Date 06/03/2024

Thank you, Chair Gensler, and thank you to the staff for your presentations.

A Risk By Any Other Name: Statement On The Enhancement And Standardization Of Climate-Related Disclosures, SEC Commissioner Caroline A. Crenshaw, March 6, 2024

Date 06/03/2024

I. Introduction

Good morning and welcome. I want to start by thanking the hard-working staff of the Securities and Exchange Commission. Your professionalism, expertise, and dedication are surpassed by none, and it is a privilege to work with you in service of the public. You are all making your way through our regulatory agenda with poise, thoughtfulness, and creative problem-solving. Thank you.

Statement On Final Rules Regarding Mandatory Climate Risk Disclosures, SEC Chair Gary Gensler, March 6, 2024

Date 06/03/2024

Today, the Commission is considering whether to adopt final rules to mandate climate risk disclosures by public companies and in public offerings. I am pleased to support this adoption because it benefits investors and issuers alike. It would provide investors with consistent, comparable, decision-useful information, and issuers with clear reporting requirements.

SEC Adopts Amendments to Enhance Disclosure Of Order Execution Information

Date 06/03/2024

The Securities and Exchange Commission today adopted rule amendments that update the disclosure required under Rule 605 of Regulation NMS for order executions in national market system stocks (NMS stocks), which are stocks listed on a national securities exchange. Rule 605 was adopted in 2000 to help the public compare and evaluate execution quality at different market centers.

SEC Adopts Rules To Enhance And Standardize Climate-Related Disclosures For Investors

Date 06/03/2024

The Securities and Exchange Commission today adopted rules to enhance and standardize climate-related disclosures by public companies and in public offerings. The final rules reflect the Commission’s efforts to respond to investors’ demand for more consistent, comparable, and reliable information about the financial effects of climate-related risks on a registrant’s operations and how it manages those risks while balancing concerns about mitigating the associated costs of the rules.

Euronext Announces March 2024 Review Results Of The OBX® Family

Date 06/03/2024

Euronext today announced the results of the March 2024 review for the OBX® family including the OBX®, OSEBX®, OSEFX® and the OBX® ESG. Changes will be implemented after markets close on Friday 15 March and will be effective from Monday 18 March.