The Asset Management Group of SIFMA ("SIFMA AMG") submitted comments to the Financial Conduct Authority ("FCA") requesting that it exclude To-Be-Announced trades ("TBAs") from the definition of derivative contracts under European Market Infrastructure Regulation ("EMIR"). In the letter, SIFMA AMG suggested that TBA trades should not be classed as derivative contracts for the following reasons: TBA trades are appropriately classified as spot trades (cash market trades) as they settle within the standard settlement cycle of the securities being purchased; TBA trades should be classified
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SIFMA expressed "serious concerns" about the "operational and practicability issues" in FINRA's proposal to establish margin requirements for transactions in the "to-be-announced" market.
SIFMA issued an annual report of the securitization markets that examined trends and policy issues in 2015.
SIFMA supported an appeal against an SEC administrative determination that a registered investment adviser could be sanctioned for fraudulent misrepresentations that occurred beyond the statute of limitations.
A coalition of mortgage lenders and SIFMA made recommendations to the CFPB on proposed revisions to the definition of "Qualified Mortgage" under the Truth in Lending Act.