Highlights Recently Published Regulatory Notices
01 – 15 of April 2017
From Consolidated Audit Trail:
- CAT issues a survey to assist in the study of clock synchronization needs and practices across the industry. Responses due April 21, 2017.
From Chicago Board Options Exchange:
- Enhances its COA order eligibility related to certain complex orders with 3 or 4 legs.
- Reactivates its Qualified Continent Cross functionality to simple and complex orders on April 4, 2017.
- Requests TPHs to complete the CAT Clock Synchronization Survey.
- Changes symbol for existing SPXPM option series to SPXW for both regular and extended trading hours sessions.
- Announces enhancement to its complex order intraday price reasonability checks.
- Citing duplicative regulations, proposes to amend its Rule 5.7 to delete the requirement to announce contract adjustments as OCC is the lead in this process.
- Announces April 17, 2017 as the effective date of its Interpretation and Policy .07 of Rule 6.25 which addresses the nullification and adjustment of transaction related to complex and stock-option orders.
From Depository Trust Company:
- Issues details of its dividend payment for 2017.
- Announces additional functionality available on CA Web on April 19, 2017.
- Publishes list of non-transferrable securities to be destroyed on or after July 10, 2017.
- Details its revision of the processes used to reduce the amount of a partial call which has already been processes and the positions segregated.
From Fixed Income Clearing Corporation:
- Announces on April 7, 2017 it will require MPID matching on corporate bond and UIT trades submitted to RTTM.
- Issues details of its annual CCLF test with clearing members scheduled for April 24, 2017.
- Files rule proposal to amend its Rule 4 among other things to delete language that potentially limits its access to MBSD clearing fund cash and collateral it deems necessary to conduct the settlement business.
- Updates it list of jurisdictions with strategic AML/CFT deficiencies which could affect financial institutions obligations and risk-based approaches of the relevant jurisdictions.
- Issues notice of changes to its Reg T Extension filing system and processes in light of the industry’s move to a shortened settlement cycle.
- The National Adjudicatory Council issues revised Sanction Guidelines.
- Seeks comment on the effectiveness and efficiency of its practices, rule and other processes that regulatory broker-dealer activities related to capital raising processes.
- Requests comment on proposed amendments to its research rules creating a limited safe harbor under specific circumstances.
- Issues its month report of disciplinary actions.
- Issues details of IDES testing and updated FAQs.
- Announces a new RFO indicator to provide additional information to broker-dealers serving as Stabilization Agents during the opening cross for registered follow on offerings.
From National Securities Clearing Corporation:
- It and FICC proposes to adopt a framework to outline its practices in which it measures, monitors and manages liquidity risks, and general business risks.
- Publishes details related to the Profile Security Enhancements in its PSE available for testing of April 5, 2017.
- Updates its notice related to enhancements to the Mutual Fund Profile Service II testing environment.
From Options Clearing Corporation:
- Files rule changes related to its Margin Policy, its plans to adopt a Risk Management Framework Policy, Default Management Policy, Counterparty Credit Risk Management Policy, and Collateral Risk Management Policy.
- Updates members on its activities related to the enhancement of its stock loan/hedge and market loan programs via operational, systemic and risk management efficiencies.