The SEC set an effective date of February 5, 2024 effective date for its final rule prohibiting an asset-backed "securitization participant" from engaging in any transaction that could involve or result in a material conflict of interest.
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The SEC adopted a final rule to prohibit an asset-backed "securitization participant" from engaging in any transaction that could involve or result in a material conflict of interest.
The Managed Funds Association said an SEC proposal to prohibit a "securitization participant" from engaging in any transaction that would involve or result in a material conflict of interest, "could harm the securitization markets and, as a consequence, undermine the credit markets that depend upon securitization."
SIFMA, SIFMA Asset Management Group and the Bank Policy Institute urged the SEC not to adopt a proposed rule which would prohibit an asset-backed security "securitization participant" from engaging in any transaction that would involve or result in a material conflict of interest.
At the National Grain and Feed Association Convention, CFTC Chair Rostin Behnam reported that the 2023 Farm Bill is being designed to strengthen the resilience, accessibility and cost-effectiveness of the derivatives markets to respond to agricultural market developments.