Securities and Exchange Commission (SEC)
This Week: SEC, SS&C, TRG Screen, Refinitiv, Rimes
A summary of some of the past week’s financial technology news.
Industry Given CAT Relief Due to Coronavirus [UPDATE]
The SEC has released a no-action letter, delaying deadlines for the Consolidated Audit Trail until at least mid-May.
Swap Data Proposals Raise Existential Questions
Regulators around the world collect massive amounts of data, but Jo wonders if there’s any point to these efforts if they can’t use it?
CAT Seeks Approval to Mask Personal Data
The CAT is required to gather personal information, but the CAT NMS committee wants to use a masking method for security.
ICE Looks to Bolster ESG Service as Investors Grapple with Lack of Standards
ICE Data Services says investors can access its reference data subscription later this year to build out their ESG strategies.
SEC Preps Shakeup of US Consolidated Tapes
The SEC wants a single consolidated data plan to improve data latency and availability over the current consolidated tapes.
SEC Democratic Commissioner Slams CAT Delays
Robert Jackson dissented from a new proposed order to modernize exchange data.
People Moves: LSEG, West Highland, SEC, Fitch, Dash & More
A look at some the key "people moves" from last week, including Steve Bonanno (pictured), who joins Dash.
Ahead of Test, CAT Faces Hurdles with Reporter Agreement
Sources say broker-dealers have not yet signed an agreement allowing them access to the test environment.
People Moves: Apteo, Eka, Tier-1, SEC, CGQ, MEMX
A look at some of the key people moves from the last week, including James Uzzalino, who joins Apteo.
Regulation by Enforcement: A Worrying Trend
Jo Wright says two recent cases have left industry participants worried that regulators are ruling by enforcement.
The Jitesh Thakkar Case: A Scary Precedent
Jo says that enforcement cases against financial technology developers will have a chilling effect on the industry.
SEC Taps MayStreet to Replace Thesys as Midas Operator
MayStreet has taken over the role of market data provider to the SEC's Midas data consolidationand market analysis platform.
Lawyer: Don’t Punish the Programmers
Smart contract developers should not be responsible for violations of regulation perpetrated on the blockchain, says Katten special counsel.
People Moves: SS&C, IEX, Quandl, Pico, ACA, Orbital Insight, Thasos
A look at some recent key people moves, including Carlo Di Florio (pictured), who joins ACA.
SEC, FIF Seek End to Rule 606 Compliance Confusion
At an SEC meeting Thursday, September 12, the regulator and association attempted to clarify the correct interpretations of guidance surrounding the new rule.
SEC Looks to Penalize Further CAT Delays
While still not a formal approval of new timelines, industry members should expect CAT deadlines to remain unchanged.
SEC Cites Broker Systems Complexity in Rule 606 Delay
The delay pushes quarterly reporting requirements and reporting of self-routing activity to Jan. 1, 2020.
Regulating Cryptocurrencies and the Investors’ Search for Clarity
Few regulations around cryptocurrencies exist but institutional investors, already wary of fully entering the market, want countries to provide clear statements laying out how these new assets will be treated. By Emilia David
People Moves: Baton, SEC, CFTC, Instinet, GAM, Ultumus
A look at some of the key "people moves" from 6/29-7/2, including Andres Choussy (pictured), who recently joined Baton.
The Cloud Breach Blame Game
As cloud computing becomes an ever more critical component of any modern financial technology infrastructure, cloud deals are coming under increased regulatory scrutiny.
People Moves: Tradition, Glue42, DataRobot, SEC, Tora, BTON, Chainalysis
A look at some of the key "people moves" from June 24-28, including Rob Hegarty, who joins DataRobot.
People Moves: Symphony, Cboe, Pico, SEC, Avelacom, Predata, HKEX
A look at some of the key "people moves" from June 17-21, including Emma Wheeler [pictured], who joins Pico.
Regulators Need to Get More Involved for Wider Institutional Crypto Adoption
Caspian's Chris Jenkins says the crypto space is still struggling to attract institutional clients, who want greater regulatory guidance.