Comments on CFTC proposed rules on governance and conflict standards for Designated Contract Markets and Swap Execution Facilities are due on or before April 22, 2024.
News & Insights
A footwear company settled with the SEC for failing to make required disclosures of related person transactions in its annual reports and proxy statements.
In comments responding to the CFTC's proposed amendments on capital and financial reporting requirements for swap dealers and major swap participants, the IIB, ISDA and SIFMA supported the codification of certain CFTC staff interpretive letters.
The CFTC proposed new rules and amendments establishing governance and fitness requirements with respect to market regulation functions and conflict of interest standards at Designated Contract Markets and Swap Execution Facilities.
SEC Chair Gary Gensler warned of broad challenges and increased risk resulting from the use of AI models in the financial sector. He highlighted the need to update regulatory guidelines, establish strict oversight mechanisms and enhance disclosure requirements for companies utilizing AI.