The SEC Division of Corporation Finance granted no-action relief to allow an Indian company to hold a tender offer open for only 10 business days in accordance with Indian law.
ISDA, the Asia Securities Industry and Financial Markets Association, the FIA, the Global Foreign Exchange Division and the Global Financial Markets Association recommended significant reforms to the European Union Benchmarks Regulation.
The European Commission proposed three draft delegated acts concerning supervision of third-country central counterparties by the European Securities and Markets Authority.
A CFTC proposal to make several amendments to exemptions from swap clearing requirements, including for certain sovereign and small banking entities, was published in the Federal Register.
A CFTC final rule to exempt certain transactions with the European Stability Mechanism from uncleared swap margin requirements was published in the Federal Register.
The CFTC proposed several amendments to the exemptions from swap clearing requirements, including for certain sovereign entities and small banking entities.
The CFTC Division of Swap Dealer and Intermediary Oversight provided temporary exemptive relief to non-U.S. introducing brokers that temporarily fail to register with the CFTC.
SIFMA, IIB, ISDA, and FIA recommended changes to CFTC-proposed cross-border regulations concerning registration thresholds and certain requirements applicable to swap dealers and major swap participants.
FIA partnered with data analytics firm Greenwich Associates on a study of trends in the derivatives markets. Researchers surveyed market participants on derivative product usage, counterparty relationships and regulatory developments.
The CFTC adopted rule amendments to codify the agency's process for terminating exemptive relief granted to non-U.S. firms in order to offer non-U.S. futures and options directly to U.S. customers.
A broker-dealer settled FINRA charges for registration failures involving two foreign affiliate firm employees who conducted transactions in proprietary trading accounts.
In its Annual Economic Report, dated June 23, 2019, the Bank for International Settlements urged regulators to implement policies and regulations that address the emergence of "big tech" in financial markets.
In a recent address, CFTC Commissioner Dawn D. Stump offered her perspective on regulatory harmonization, cross-border swap regulations, data protection and the CFTC's proposal on position limits.
The SEC final rules governing security-based swap activity in a cross-border context and the associated deadlines were published in the Federal Register. The compliance date for registration of SBSDs will be October 6, 2021.
The CFTC-proposed new cross-border rules governing registration requirements applicable to swap dealers and major swap participants were published in the Federal Register.
The CFTC voted to (i) approve a final rule amending regulations governing derivatives clearing organizations, (ii) propose a prohibition on "post-trade name give-up" at swap execution facilities and (iii) propose new cross-border rules governing registration requirements applicable to swap dealers and major swap participants.
The European Supervisory Authorities made final revisions to report on bilateral Margin Regulatory Technical Standards requirements in order to align with the Basel Committee and IOSCO international framework.
The SEC Division of Trading and Markets issued guidance to "facilitate applications" for certain substituted compliance based on the security-based swap requirements of a non-U.S. jurisdiction.
A group of fourteen trade associations urged the European Commission to grant an extension for the temporary equivalence for UK central counterparties until certain regulatory implementations have been made under EMIR 2.2 and until the European Securities and Markets Authority.
