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Learning from History: Statement On Open-End Fund Liquidity Risk Management Programs And Swing Pricing, SEC Commissioner Caroline A. Crenshaw, Nov. 2, 2022

Date 02/11/2022

The Importance of Liquidity Risk Management Programs

Mutual funds, ETFs and other open-end funds have become primary investment vehicles for the retirement and savings accounts of U.S. families.

SEC Charges Halal Capital Founder With Multimillion Dollar Fraudulent Scheme That Targeted Muslim Community

Date 02/11/2022

The Securities and Exchange Commission today charged Jebara Igbara, the founder of Halal Capital LLC, in connection with a more than $8 million scheme that targeted investors from the New York metropolitan area’s Muslim community.

Nasdaq October 2022 Volumes

Date 02/11/2022

Nasdaq (Nasdaq: NDAQ) today reported monthly volumes for October 2022 on its investor relations website. A data sheet showing the monthly volumes and quarterly capture rates can be found at: http://ir.nasdaq.com/financials/volume-statistics.

Federal Reserve Issues FOMC Statement

Date 02/11/2022

Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader price pressures.

Investor Activity On GPW Group Markets – October 2022

Date 02/11/2022

• GPW Main Market Electronic Order Book equities turnover value decreased by 37.8% YoY to PLN 19.6 billion
• Index futures turnover volume increased by 123.4% YoY to 865,500 contracts
• Non-Treasury bonds EOB turnover value on Catalyst increased by 114.1% YoY to PLN 498.0 million
• Bonds turnover value on TBSP decreased by 66.2% YoY to PLN 12.3 billion
• Structured products turnover value decreased by 14.9% YoY to PLN 250.0 million
• ETF turnover value increased by 111.6% to PLN 76.2 million
• Electricity turnover volume decreased by 66.7% to 8.0 TWh
• Natural gas turnover volume decreased by 31.5% YoY to 10.4 TWh

Voting Obsession: Statement On Final Enhanced Reporting Of Proxy Votes By Registered Management Investment Companies - Reporting Of Executive Compensation Votes By Institutional Investment Managers, SEC Commissioner Hester M. Peirce, Nov. 2, 2022

Date 02/11/2022

Thank you, Chair Gensler. Director Birdthistle, congratulations on such a remarkable team. So remarkable is the team that I want to take a moment to recognize an impressive achievement by the Division of Investment Management—four rulemakings between this week’s and last week’s open meetings. All of these rules are substantial. I cannot overstate what a feat the teams have accomplished in an extremely compressed time period. Rulewriters’ midnight oil has been burning for many months now. Complementing their work are the intense efforts of many others across the Division—including staff in DRAO and the Chief Counsel’s Office charged with working with funds and advisers as they implement new rules—and across the Commission. Countless people have poured themselves into these rulemakings. The Division of Economic and Risk Analysis and the Office of General Counsel are under tremendous pressure to provide economic and legal analysis very quickly. Even if some of the policy choices embedded in these rules are not choices I would have made, I marvel at the staff’s work.

Closing Act: Statement On Proposed Open-End Fund Liquidity Risk Management Programs And Swing Pricing; Form N-PORT Reporting, SEC Commissioner Hester M. Peirce Nov. 2, 2022

Date 02/11/2022

Thank you, Mr. Chair. I cannot support even releasing this proposal for comment. At a time when so much of our rulebook is up for discussion, nobody has the bandwidth to consider properly a proposal that would fundamentally alter the way open-end funds operate, how investors interact with them, and the infrastructure surrounding them. Yet the Commission is poised to kick off such consideration today and to wrap it up early in the New Year when the sixty-day comment period ends.

SEC Proposes Enhancements To Open-End Fund Liquidity Framework

Date 02/11/2022

The Securities and Exchange Commission today voted to propose amendments to better prepare open-end funds for stressed conditions and to mitigate dilution of shareholders’ interests. The rule and form amendments would enhance how funds manage their liquidity risks, require mutual funds to implement liquidity management tools, and provide for more timely and detailed reporting of fund information.

BIS And Central Banks Of France, Singapore And Switzerland To Explore Cross-Border CBDC Trading And Settlement Using DeFi Protocols

Date 02/11/2022

• Project Mariana will use DeFi protocols to automate foreign exchange markets and settlement.
• Automated market makers can become the basis for new generation of financial infrastructure.
• Exploration on cross-border exchange of wholesale CBDCs is the first to involve three Hub centres.

Enhancing Fund Voting Reporting, SEC Commissioner Jaime Lizárraga, Nov. 2, 2022

Date 02/11/2022

Today, the Commission adopts important enhancements to the information mutual funds, exchange-traded funds (ETFs), and certain other funds report about their voting. We also fulfill a congressional mandate in the Dodd-Frank Act requiring managers to report how they vote proxies relating to executive compensation matters. By facilitating investor access to more usable and transparent information, both of these actions strengthen the SEC’s investor protection mission.