News Centre

Japan Financial Services Agency - "The Code Of Conduct For ESG Evaluation And Data Providers"：17 ESG Evaluation And Data Providers Have Endorsed The "Code Of Conduct" As Of June 30, 2023

Date 27/07/2023

The Technical Committee for ESG Evaluation and Data Providers (chaired by Tetsuo Kitagawa, Professor Emeritus of Aoyama Gakuin University and Specially Appointed Professor of Tokyo Metropolitan University) extensively discussed the current status of ESG evaluation and data, challenges faced by stakeholders in the appropriate provision and use of ESG evaluation and data, and future developments, and compiled the "Report of the Technical Committee for ESG Evaluation and Data Providers" on July 12, 2022.

Hong Kong Securities And Futures Commission: Court Convicted And Fined Cheung Wing Hung For Unlicensed Activity

Date 27/07/2023

The Eastern Magistrates’ Court has convicted Mr Cheung Wing Hung for holding himself out as performing a regulated function in relation to dealing in securities as an agent of entities not licensed by the Securities and Futures Commission (SFC) .

Michael Hewes, New Zealand Financial Markets Authority Director – Deposit Taking, Insurance, And Advice Presents At The Financial Markets Law Conference

Date 27/07/2023

Michael Hewes, FMA Director - Deposit Taking, Insurance, and Advice presents at the Financial Markets Law conference 27 July.

Statement On The Final Rule: Cybersecurity Risk Management, Strategy, Governance, And Incident Disclosure, SEC Commissioner Mark T. Uyeda, July 26, 2023

Date 26/07/2023

Thank you, Chair Gensler. In February 2018, the Commission issued an interpretive release discussing how companies should consider the materiality of cybersecurity risks and incidents when preparing their filings under the Securities Act and the Exchange Act (the “2018 Interpretive Release”).

CFTC Approves Final DCO Reporting And Information Requirement And Three Proposals At The Commission Open Meeting

Date 26/07/2023

The Commodity Futures Trading Commission at its open meeting today approved the following final rule and proposed rules:

Final Rule: Reporting and Information Requirements for Derivatives Clearing Organizations

Statement Of CFTC Commissioner Caroline D. Pham In Support Of Reporting And Information Requirements For Derivatives Clearing Organizations

Date 26/07/2023

I support the final rule on reporting and information requirements for derivatives clearing organizations (DCOs) (DCO Reporting Final Rule) because of its careful attention and response to public comments received. I would like to thank Clark Hutchison, Eileen Donovan, Parisa Nouri, August Imholtz, Gavin Young, Theodore Polley, and Elizabeth Arumilli of the Division of Clearing and Risk (DCR) for their work on the DCO Reporting Final Rule. I appreciate the staff addressing my concerns. 

Dissenting Statement Of CFTC Commissioner Christy Goldsmith Romero On Notice Of Proposed Rule Making For Seeded Funds And Money Market Funds

Date 26/07/2023

I cannot support the proposed rule.

Seeded Funds

I am concerned that the proposed exception to initial margin requirements for seeded funds rolls back Dodd-Frank Act reforms designed for financial stability.  I cannot support the Commission changing our existing requirements—requirements that match U.S. banking regulator requirements.  The proposed change would relieve initial margin requirements for uncleared swaps that are not prudentially regulated in certain affiliate transactions known as “seeded funds” for three years.

Statement Of CFTC Commissioner Caroline D. Pham In Support Of Notice Of Proposed Rulemaking On Margin Requirements For Uncleared Swaps For Swap Dealers And Major Swap Participants

Date 26/07/2023

I support the notice of proposed rulemaking on margin requirements for uncleared swaps for swap dealers and major swap participants (Seeded Funds and MMFs Proposal) because it provides a solution for seeded funds, and it supports greater liquidity by providing more flexibility for money market and similar funds that use repos, among other things.  I thank the team in the Market Participants Division for their dedication to ensuring the Commission’s uncleared swaps rules do not unduly burden market participants, and for proposing workable solutions to challenges that arose during an implementation period.  I specifically commend Amanda Olear, Tom Smith, Warren Gorlick, Rafael Martinez, and Liliya Bozhanova for their work on the proposal.

Exemption For Certain Investment Advisers Operating Through The Internet, SEC Commissioner Hester M. Peirce, July 26, 2023

Date 26/07/2023

Thank you, Chair Gensler. Reviewing our regulations periodically to evaluate whether they are still fit for purpose as markets evolve and practices change is important. Sometimes we have to tweak or jettison a rule. The internet adviser exemption should stay on the books, but it needs a tune-up, and I thank the staffs in the Divisions of Investment Management and Economic and Risk Analysis for their repair work. So while I have some questions, I support seeking comment on whether our suggested changes have merit.

Opening Statement Of CFTC Commissioner Caroline D. Pham Before The July 26, 2023 Open Meeting

Date 26/07/2023

Good morning everybody, and thank you for being here.  I'd like to thank all of the CFTC staff who put this meeting together, the Chairman, my fellow Commissioners, and particularly my team for helping me prepare for this meeting.  Today, I would like to talk about a couple themes:  good government, administrative agencies, self-regulation, and the importance of having a pragmatic approach and ensuring that our rules are workable.