In connection to the reopening of the comment period for the January 2022 proposal, the firms note that the existing proposal remains unclear and is not appropriately tailored to existing systems.
Thoughts from across the industry as the countdown to T+1 drops below 12 months.
William Birdthistle, director of the SEC’s division of investment management, attributed research services market developments as a reason behind choosing not to extend the temporary position.
Following an almost six-year delay, SIFMA has released a public statement addressing the delay of the CAT Customer and Account Information System until Q4 of this year.
Industry bodies including SIFMA, ISDA, ABA and GFMA criticise final initial margin thresholds, recommending raise to EUR/USD 100 billion.
US regulator rules in favour of SIFMA’s challenge of its support in market data fee increases at Nasdaq and NYSE.
Associations are seeking ‘transitional arrangement’ to help firms navigate changes post-Brexit.