SIFMA and SIFMA Asset Management Group raised objections to the SEC proposal to reinterpret the term "exchange" as used in the Securities Exchange Act .
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The SEC proposed to (i) expand the definition of "exchange" under SEA Rule 3b-16 to include systems that only display "trading interest" (as opposed to "orders") including by use of "communication protocols"; and (ii) remove the exemption that Regulation ATS currently provides to systems that trade only government securities.
In three separate notices, NFA reminded (i) futures commission merchants, forex dealers, and introducing brokers, (ii) CPOs and CTAs, and (iii) swap dealers on reporting requirements, and common deficiencies in regulatory compliance.
The DOJ Antitrust Division, FTC and European Commission launched an EU-U.S. Joint Technology Competition Policy Dialogue. The dialogue is intended to reaffirm mutual collaboration on antitrust policy and enforcement in the technology sector.
At the 26th UN Climate Change Conference of the Parties , Treasury Secretary Janet L. Yellen applauded private sector support for financing the transition to a net-zero economy.