The comment deadline was officially set for the SEC's proposed (i) amendments to current requirements on clearing agencies' risk-based margin systems and (ii) new rule on the content of clearing agencies' recovery and wind-down plans. The July 17, 2023 comment deadline was published in the Federal Register.
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The SEC granted an extension of the temporary exemptive relief previously issued to national securities exchanges and national securities associations to facilitate settlement negotiations concerning Consolidated Audit Trail National Marketing System Plan amendments.
In remarks before the Investment Company Institute, SEC Chair Gary Gensler addressed risks associated with liquidity mismatches. He described initiatives to enhance liquidity risk management.
The Bank for International Settlements and IOSCO reported on margin dynamics in centrally cleared commodities markets in 2022. The report shed light on central counterparties' decision-making processes regarding margin requirements and risk management practices during elevated market volatility.
SEC Chair Gary Gensler defended recent SEC regulatory initiatives pertaining to private and registered funds and described recent rule proposals meant to address emerging trends in investment management.