SIFMA called on the SEC to slow down its rulemaking processes and prioritize rule proposals that address the most pressing needs in the market. SIFMA urged the SEC to finalize a rule proposal to change the cybersecurity risk management protocols for the Consolidated Audit Trail.
The U.S. House Committee on Agriculture (i) considered a proposal by FTX - a registered derivatives clearing organization - to expand its services and (ii) examined trends in new clearinghouse models.
Comments on an SEC-proposed new regulatory framework for the registration and regulation of security-based swap execution facilities are due by June 10, 2022.
The Financial Accounting Standards Board published three proposed Taxonomy Implementation Guides relating to accounting changes, reorganizations and reinsurance-related disclosures.
OFAC issued a final rule removing the Burundi Sanctions Regulations from the Code of Federal Regulations. The rule will take effect upon its publication in the Federal Register on February 11, 2022.
The Consolidated Audit Trail provided a "roadmap" to assist "Small Industry Members" in meeting their Customer and Account Information System reporting obligations.
The SEC proposed amendments to reduce risks in the clearance and settlement of securities, including shortening the standard settlement cycle for broker-dealer transactions from two business days after the trade date (T+2) to one day after the trade date (T+1).
