The SEC set an effective date of August 21, 2023, for amendments that will remove references to credit ratings from existing exceptions to rules on market manipulation. The effective date was published in the Federal Register.
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The SEC finalized amendments to rules on securities market manipulation that will remove references to reliance on credit rating agencies.
The SEC set a new comment deadline of June 13, 2023 for a proposal that would amend the statutory definition of "exchange" to include trading systems that facilitate the trading of crypto asset securities.
The SEC reopened the comment period for a proposal that would amend the statutory definition of "exchange" to include trading systems that facilitate the trading of crypto asset securities.
The SEC Division of Trading and Markets withdrew a no-action letter that provided relief from registration requirements for certain broker-dealers. The withdrawal follows an exemption adopted by Congress that permits conduct "largely similar" to what was provided by the no-action relief.