SIFMA Executive Vice President Randy Snook discussed issues impacting fixed income market structure and liquidity and "market-based" solutions. He delivered his remarks at the SIFMA Fixed Income Market Structure Conference. Mr. Snook explained that not all liquidity issues can be attributed to regulation. He advocated for market-based solutions to enhance liquidity and promote transparency in capital markets. He mentioned that PWC was undertaking a study regarding market liquidity, which may provide "a more comprehensive review of how our markets are functioning and how many aspects of

The Financial Services Roundtable, American Bankers Association, and SIFMA (collectively, the "Associations") issued a statement urging Senate lawmakers to immediately proceed to consideration of the Cybersecurity Information Sharing Act ("CISA"). The Associations contended that the CISA would allow financial firms and other sectors to better protect American consumers and businesses by sharing critical information about cyberattacks with each other, the government, law enforcement and other institutions. Se e: SIFMA Press Release. Related news: SIFMA Urges Passage of Senate Cybersecurity

SEC proposals to amend (i) Form ADV and Investment Advisers Act rules, and (ii) rules and forms to modernize the reporting and disclosure of information by registered investment companies were published in the Federal Register. The Form ADV amendments are designed to provide additional information regarding advisers, including information about their separately managed account business. The amendments are also designed to incorporate a method for private fund adviser entities operating a single advisory business to register using a single Form ADV. The amendments make clarifying, technical and

The Committee on Payments and Market Infrastructures ("CPMI") and the International Organization of Securities Commissions ("IOSCO") published the second update to the Level 1 Assessments of Implementation Monitoring of the Principles for Financial Market Infrastructures ("PFMIs"). The Level 1 assessments are based on self-assessments by individual jurisdictions on how they have adopted, within their regulatory and oversight frameworks, the PFMIs' 24 Principles for FMIs and four of the five Responsibilities for authorities. The second update found that progress has been made by the 28

The SEC announced that a United States District Judge for the Southern District of Florida entered a Final Judgment ordering the owner of CRL Management, LLC, and Guarantee Reinsurance, Ltd. to pay a disgorgement, prejudgment interest and a civil money penalty for Regulation M ("Distributions") violations. S ee: SEC Litigation Release; SEC 2013 Complaint.