- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-05-18T15:47:00
The Securities and Exchange Commission (SEC) proposed a package of rule changes designed to enhance the risk management responsibilities and resilience of covered clearing agencies.
The proposal, announced Wednesday, seeks to amend existing rules regarding intraday margin and use of sources of information in a covered clearing agency’s risk-based margin system. If approved, the proposal would also establish new requirements for the contents of a covered clearing agency’s recovery and wind-down plans (RWPs).
“Today’s proposal would help ensure the continuity of clearing services during times of significant stress,” said SEC Chair Gary Gensler in a press release. “Well-regulated and well-managed clearinghouses help lower risk for the public.”
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2023-11-16T19:54:00Z By Kyle Brasseur
The Securities and Exchange Commission continued its recent run of pushing through remaining regulations under the Dodd-Frank Act of 2010 by adopting new rules to mitigate conflicts of interest for security-based swap clearing agencies.
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The Securities and Exchange Commission reopened the comment period on proposed changes to “modernize” its beneficial ownership rule, including shortening certain filing deadlines.
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Securities and Exchange Commission Chair Paul Atkins indicated he favors changing the agency’s requirement that only the wealthy can invest in so-called “closed-end” private equity funds and hedge funds.
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The Department of Justice (DOJ) has shuttered a special Federal Bureau of Investigation (FBI) unit that focused on public corruption and whose legwork led to the special counsel investigation of President Donald Trump for trying to overturn the 2020 election results.
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The Trump administration is preparing to ask the European Union to alter or water down its rules on content moderation on social media, claiming that they hurt the competitiveness of American technology companies.
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