On the Issues
SIFMA engages with policymakers and regulators through comment letters, testimony, studies and more. Use the filters below to see what we've been working on or view our Legal Brief and Regulatory Tracker.
The Dodd-Frank Act requires an unprecedented rulemaking process that has been ongoing for more than five years, where nearly 400 new regulations need to be researched and written by at least a dozen regulatory agencies.
Cybersecurity is a top priority in the financial industry to ensure the security of customer assets and information and the efficient, reliable execution of transactions within markets.
DOL Fiduciary Standard
The Department of Labor (DOL) has proposed a change to the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) that would expand the scope of those who become fiduciaries.
Senior Investor Protection
As investors age, the threat of cognitive decline grows. Recent scientific advancements have shown that financial decision making is often the first cognitive function to decline, and such decline can vary greatly - some investors may be unaffected well into their retirement, while others may face this decline much earlier.
Shortened Settlement Cycle
The securities industry completes settlement for equities, as well as corporate and municipal bonds, on the third day after a trade is executed by sending payment for the trade to the seller and the securities to the buyer. This settlement cycle is known as "T+3" – shorthand for "trade date plus three days."