Automatic Portability Transaction Regulations
SIFMA provided comments to the Department of Labor (DOT) on their proposed Automatic Portability Transaction Regulations under Section 4975 of…
The Asset Management Group (AMG) of SIFMA provides comments to the Securities and Exchange Commission (SEC) on business conduct standards for security-based swap dealers (SBS dealers) and major security-based swap participants (MSBSP), File No. S7-25-11. SIFMA AMG believes the SEC proposal for a business conduct standards rule is more suitable for Special Entities such as Employee Retirement Income Security Act of 1974 (ERISA) plans, governmental plans, endowments, and federal agencies, than the one proposed by the Commodity Futures Trading Commission (CFTC). SIFMA AMG provided comments to the CFTC on its proposal on February 22, 2011.
SIFMA AMG feels that the SEC should further expand and clarify the exclusion of SBS dealers and MSBSP from any advisory relationship to the Special Entity if the Special Entity so chooses. Any classification of SBSD/MSBSP as advisors would likely cause these entities to refrain from transacting with Special Entities due to increased regulation and potential litigation. Asset Managers are also concerned that certain disclosures by the dealer, including scenario analyses and risks of each trade, may cause execution delays and increase costs for all parties.
SIFMA provided comments to the Department of Labor (DOT) on their proposed Automatic Portability Transaction Regulations under Section 4975 of…
SIFMA and The International Swaps and Derivatives Association, Inc. (ISDA) provided comments to the Office of the Comptroller of the…
SIFMA AMG provided comments to the Federal Energy Regulatory Commission on the Federal Power Act Section 203 Blanket Authorizations for…
We use cookies to provide our site visitors a valuable experience as well as relevant content and services. Please carefully review our Privacy Policy and Terms of Use; by using this website, you agree to the information set forth therein.