ISDA published its first "Risk Free Rates Adoption Monthly Indicator." The new report tracks how much trading activity is being conducted "in cleared over-the-counter and exchange-traded interest rate derivatives that reference the identified risk-free rates in six major currencies."
Technical corrections to an SEC final rule and form amendments affecting business development companies (each, a type of closed-end investment company that is not registered, or "BDC") and registered closed-end investment companies were published in the Federal Register.
A broker-dealer settled FINRA charges for failing to (i) transmit required reportable order events to the Order Audit Trail System and (ii) include complete and accurate information in required quarterly reports.
SEC Commissioner Hester M. Peirce challenged the basis of a recent SEC enforcement action against an initial coin offering issuer for unregistered digital token offerings and criticized the agency for failing to provide guidance on the dividing line between tokens that are securities and those that are not.
FINRA requested comment on proposed amendments to FINRA Rule 6730 that would require firms to identify corporate bond trades (i) where the trade price is based on a delayed Treasury spot trade, which is one that "was priced earlier in the day based on the spread to a U.S. Treasury Security" and (ii) that are within a larger portfolio trade.