News Centre

The Investment Industry Regulatory Organization Of Canada Closes The Market

Date 29/06/2018

Andrew J. Kriegler, President & CEO, The Investment Industry Regulatory Organization of Canada (IIROC), joined John McKenzie, Chief Financial Officer, TMX Group, to close the market to celebrate 10 years as a public interest regulator, protecting Canadian investors and supporting healthy capital markets. IIROC is the national self-regulatory organization that oversees all Canadian investment dealers and their trading activity in Canada's debt and equity markets.

Decisions Taken By The Governing Council Of The ECB (In Addition To Decisions Setting Interest Rates)

Date 29/06/2018

Monetary policy

Non-standard monetary policy measures

On 14 June 2018 the Governing Council decided that net purchases under the asset purchase programme (APP) would continue at the current monthly pace of €30 billion until the end of September 2018 and announced that it anticipated that, after that date – and subject to incoming data confirming the Governing Council’s medium-term inflation outlook – the monthly pace of net asset purchases would be reduced to €15 billion until the end of December 2018, and that net purchases would then end. The Governing Council also announced its intention to maintain its policy of reinvesting the principal payments from maturing securities purchased under the APP for an extended period of time after the end of the net asset purchases, and in any case for as long as necessary to maintain favourable liquidity conditions and an ample degree of monetary accommodation. More detailed information on the background to these decisions can be found in the introductory statement available on the ECB’s website and in the press release published on that day.

Statement On Investment Company Liquidity Disclosure, SEC Commissioner Robert J. Jackson Jr.

Date 28/06/2018

Thank you, Chairman Clayton, and thank you to the terrific Staff in the Division of Investment Management, especially the Division’s exceptional David Bartels and Division Director Dalia Blass, for all of the hard work that has gone into this process.

Statement At Open Meeting on Amendments To The Commission’s Whistleblower Program Rules, SEC Commissioner Hester M. Peirce

Date 28/06/2018

I would first like to thank the Chairman for making this rulemaking a priority. I also want to thank our staff in the Office of the General Counsel, Office of the Whistleblower, and Division of Economic and Risk Analysis for their hard work on this release. I appreciate your responsiveness to my questions, comments, and edits.

Statement On Proposed Amendments To The Commission’s Whistleblower Program Rules, SEC Commissioner Kara M. Stein

Date 28/06/2018

I would like to join Chairman Clayton in thanking the staff in the Whistleblower’s Office, the Office of the General Counsel, and the Division of Economic and Risk Analysis for their hard work on this proposal.

Statement At Open Meeting On The Proposed Rule 6c-11 Under The Investment Company Act Of 1940 Governing Exchange-Traded Funds - SEC Commissioner Kara M. Stein

Date 28/06/2018

Good morning. I would like to join the Chairman in thanking the staff in offices throughout the Commission for their hard work and collaborative effort on this proposed rule for exchange-traded funds and for answering all of my many questions. In particular, I would like to thank Zeena Abdul-Rahman, Joel Cavanaugh, Tim Dulaney, John Foley, Alexander Schiller, Sumeera Younis, Kay-Mario Vobis, Melissa Gainor, Jacob Krawitz, Tim Husson, Brian Johnson, Daniele Marchesani, Christian Sandoe and Sarah ten Siethoff.

Issue Of NZX Ordinary Shares

Date 28/06/2018

NZX Limited (NZX) advises that it has issued 124,540 NZX Ordinary Shares to Stanley Malcolm (49,816 shares) and Marcelle Ashcroft (74,724 shares).

Statement On Adoption Of Amendments To Investment Company Liquidity Disclosure, SEC Commissioner Kara M. Stein

Date 28/06/2018

I would like to join Chairman Clayton in thanking the staff for their work on this release—in particular, Zeena Abdul-Rahman, Thoreau Bartmann and Sarah ten Siethoff.

Statement On Final Rule Of Inline XBRL Filing Of Tagged Data, SEC Commissioner Kara M. Stein

Date 28/06/2018

I would like to join the Chairman in thanking the staff, particularly Anzhela Knyazeva, Hermine Wong, Mike Willis and Scott Bauguess from the Division of Economic and Risk Analysis; David Fredrickson and Mark Green from the Division of Corporation Finance; and John Foley, Michael Pawluk and Sara ten Siethoff from the Division of Investment Management. I would also like to thank Commissioner Piwowar for working with me to bring the proposal forward last year, and Chairman Clayton and my fellow Commissioners for moving forward with a vote on its adoption.

Statement At Open Meeting On Investment Company Liquidity Disclosure Adopting Release, SEC Commissioner Hester M. Peirce

Date 28/06/2018

Thank you, Chairman Clayton.

I want to start by thanking the Division of Investment Management. At today’s meeting we are considering three different recommendations, at least in part, from the Division—a reflection of the Division’s impressive work ethic in carrying out an important agenda. Since my arrival here in January, the Division has been busy addressing issues with which the Commission has been grappling for a long time, including the roles and duties of advisers and brokers in assisting retail investors in their investment decisions, fund liquidity, internet availability of shareholder reports, the operation of exchange-traded funds, and the Volcker rule. As someone who started her career at the Commission in a rulemaking office in the Division, I know how unusual it is to put together so many recommendations in such a short period of time, let alone on such significant matters, particularly because the Division did not relax its high standards in the process. I also want to thank the Division of Economic and Risk Analysis (“DERA”) and the Office of General Counsel. DERA and the Office of General Counsel are deeply involved in every rulemaking undertaken by the Commission.