SIFMA and SIFMA Asset Management Group criticized the SEC's Request for Information on the activities of "information providers," calling it unnecessary and outside of the jurisdiction of the SEC's authority.
Industry and trade groups weighed in on an SEC proposal to establish a regulatory scheme for security-based swap execution facilities. The comment period closed on June 10, 2022.
Numerous market participants opposed an SEC proposal to further define the phrase "as part of a regular business," which would expand the definition of the terms "dealer" and "government securities dealer" (and the related registration requirements) under the Exchange Act.
SEC Chair Gary Gensler and CFTC Chair Rostin Behnam highlighted U.S. regulatory initiatives in "new era" for derivatives.
SIFMA raised concerns on a MSRB-proposed rule to codify previously issued interpretive guidance on conduct requirements applicable to solicitor municipal advisors.