Banks Receive Follow-Up EC Questionnaire on RIC Code

The EC launched formal proceedings against Thomson Reuters in November, several months after certain European banks received the first questionnaire on the RIC (Inside Reference Data, October 2009). A spokesperson at the EC says the Commission has opened the proceedings on RIC, and is “currently pursuing a market investigation on this matter.”

In December, the EC distributed a second questionnaire to data consumers, and several questions are the same or similar as the questions in the last

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Removal of Chevron spells t-r-o-u-b-l-e for the C-A-T

Citadel Securities and the American Securities Association are suing the SEC to limit the Consolidated Audit Trail, and their case may be aided by the removal of a key piece of the agency’s legislative power earlier this year.

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