Americas News
The latest industry and regulatory news affecting North and South America.
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FIA requests CFTC codify no-action relief for treatment of separate accounts by FCMs
FIA has written a letter to the US Commodity Futures Trading Commission requesting codification of no-action relief initially set forth in CFTC Letter No. 19-17, Advisory and Time-Limited No-Action Relief with Respect to the Treatment of Separate Accounts by Futures Commission Merchants, and subsequently extended in CFTC Letter Nos. 20-28 and 21-29.
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Trade associations raise concerns with SEC comment periods
The FIA Principal Traders Group (FIA PTG) recently joined 24 trade associations (Associations) in a joint letter to the Securities and Exchange Commission (Commission) regarding the importance of sufficient comment periods in connection with regulatory proposals.
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FIA PTG responds to public reporting aspect of the SEC large security-based swaps proposal
In a letter filed with the SEC (Commission) today, the FIA Principal Traders Group (FIA PTG) requested the Commission eliminate the public disclosure aspect of the security-based swaps proposal and focus on regulatory reporting instead.
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Commentary: Top takeaways from FIA Boca
FIA's annual conference in Boca Raton provides a unique opportunity for taking stock of trends in the listed and cleared derivatives industry. This year's conference, held on March 15-17, was no exception.
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Commentary – The morphing US treatment of the Kospi 200 Futures
Transformations in underlying index related to the weighting of Samsung Electronics have created regulatory complications, legal experts write.
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Commentary - The evolution of the CFTC's approach to swap reporting
The recent announcement by the US Commodity Futures Trading Commission to delay the implementation of its ‘ReWrite’ of the OTC swap derivative reporting rules until 5 December 2022 will see many swap dealers and swap participants breathing a sigh of relief.
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Meet the four CFTCs nominees that could return agency to full strength
Significant changes could be on the horizon at the CFTC, and the table is set for a complete five-member commission in the coming months.
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Viewpoint – Sending some love to the FCM community
FCMs are tremendously important to vibrant and safe cleared derivatives markets, and the global economy as a whole. They connect customers to our markets – particularly commercial end-users and hedgers – to provide liquidity and assist with price discovery.
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Crypto hearing focuses on need for US regulatory certainty, CFTC expertise
The US Senate Agriculture Committee held a hearing titled "Examining Digital Assets: Risks, Regulation, and Innovation" on 9 February, where discussion centered in large part on the best way to provide regulatory certainty for emerging digital asset markets.
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FIA responds to proposed updated IOSCO commodities principles
FIA has filed a response to a consultation report on principles for the regulation of commodity derivatives from the Board of International Organization of Securities Commissions (IOSCO). The report, published in November 2021, aimed to reflect changes and developments in commodities derivatives markets since the publication of the existing IOSCO Principles for the Regulation and Supervision of Commodity Derivatives in 2011.
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