Tag: Securities and Exchange Commission

The past week saw appointments from HKEX and the SEC.

New commissioner has been sworn into the position after serving at the SEC in a variety of roles since 2006.

The Commission claims the new requirements will enhance efficiency, transparency and operational resiliency, while also making data more accessible to the public.

SEC chair, Gary Gensler, addressed deficiencies in the US trading system and provided recommendations to update key aspects of national market system rules including improving minimum tick sizes, best execution and order-by-order competition.

The past week saw appointments from HKEX, Citi and the SEC.

Gensler spoke on the importance of reforming fixed income markets, while providing recommendations to increase transparency, modernise platforms and enhance financial resilience.

New regulatory proposals (including the trade reporting regime, Exchange Act Rule 10c-1, the proposal for Form SR and the private fund advisors rule) are causing friction between industry players and the SEC.

Proposed rules will require certain institutional investors to report short sale information to the SEC on a monthly basis.

New securities exchange will provide benefits including shorter on exchange settlements and proprietary blockchain data feeds.

Professor of finance at MIT has been appointed director, while the SEC’s acting director has been promoted to deputy director.