The FIA released its December 2023 data on customer funds held at US FCMs.
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Twenty-six trade associations banded together to urge the SEC not to adopt a proposed amendment to the "custody rule" because it would make "fundamental changes" to an already "well-established and demonstrably effective custody framework without a clear policy rationale."
ISDA warned of the “destabilizing impact” of an SEC proposal to expand requirements for investment advisers regarding the custody of funds and securities for derivatives markets.
Trade associations representing a variety of constituencies urged the SEC not to adopt a proposal that would expand requirements under the Custody Rule.
Thirteen financial services trade associations called for a 60-day comment period extension on an SEC proposal to expand the requirements of the Advisers Act "Custody Rule."