FINRA requested comments on the revised version of a proposed rule that would require member firms to disclose additional information about customer confirmations for transactions in corporate and agency debt securities. FINRA specified that it made changes to the proposal in response to comments received concerning FINRA Regulatory Notice 14-52. The changes include: replacing the "qualifying size" threshold with a retail customer account standard; permitting firms to use alternative methodologies for calculating the reference price for more complex trade scenarios; in the event of a material
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A bill was introduced in the House of Representatives that would amend the Dodd-Frank Act to "improve the transparency, accountability, governance and operations" of the Office of Financial Research ("OFR"). According to a SIFMA statement about the legislation, the bill would, inter alia, require annual updates by the OFR on financial regulators' progress in adopting the Legal Entity Identifier.
Kevin Stiroh, senior vice president of the Federal Reserve Bank of New York's Integrated Policy Analysis Group, was named executive vice president and head of the New York Federal Reserve Bank Financial Institution Supervision Group, effective on October 26, 2015. Mr. Stiroh also will serve on the New York Federal Reserve Bank Management Committee.
The SEC solicited comments on a proposed rule change by FINRA that would merge FINRA's dispute resolution subsidiary, FINRA Dispute Resolution, Inc., "into and with" its regulatory subsidiary, FINRA Regulation, Inc. Comments on the FINRA proposal must be submitted by November 3, 2015.
FINRA requested comments on the revised version of a proposed rule that would require member firms to disclose additional information about customer confirmations for transactions in corporate and agency debt securities. FINRA specified that it made changes to the proposal in response to comments received concerning FINRA Regulatory Notice 14-52. The changes include: replacing the "qualifying size" threshold with a retail customer account standard; permitting firms to use alternative methodologies for calculating the reference price for more complex trade scenarios; in the event of a material