Regulation

Approval from the US Senate follows the appointment of Gary Gensler as chairman of the SEC in January earlier this year.

High demand for cloud-based compliance technology and remote working conditions brought on by the pandemic were key drivers for SteelEye to expand into US.

Heath Tarbert joins the market maker shortly after leaving the Commodities Futures Trading Commission (CFTC) at the end of January.

The agreement follows months of stalemate in discussions between the two entities regarding UK-EU equivalence across the financial markets.  

Research by Greenwich Associates found that only 44% of US buy-side firms thought the SEC’s proposed ruling on electronic treasury trading venues would benefit the market.  

FCA will not take against firms that do not produce RTS 27 reports for the rest of 2021 and will run a consultation on permanently abolishing the reporting requirement.

The European regulator cited blackouts at Euronext, the Tokyo Stock Exchange and the Australian Securities Exchange in its report. 

The EU watchdog will not renew the short selling reporting changes which are due to expire on 19 March, following an extension in December last year. 

Research unbundling and best execution reporting requirements are at the heart of the European Commission’s COVID-19 relief plan.

SDL report found that due to delays 40% of firms had not started planning or had only started planning for the transition in 2021, despite the upcoming December deadline.