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.
In a public statement responding to recent remarks by SEC Chair Gary Gensler on equity market structure reform, SIFMA said that "any changes to the rules. . . should be considered holistically with a view to ensuring there are no negative, unintended consequences for investors."
SIFMA and SIFMA Asset Management Group raised objections to the SEC proposal to reinterpret the term "exchange" as used in the Securities Exchange Act.
The Council of Institutional Investors expressed support for the "Accelerating Holding Foreign Companies Accountable Act" and the "Stock Exchange Improvement Act."
In remarks before the "Derivatives Trading Forum: Trading ESG Products," ISDA Chief Executive Scott O'Malia urged regulatory action to address proposed Basel III market risk rules for carbon certificates. He warned that the proposed rules would set capital requirements that are disproportionately high.