Supplemental Comments on Federal Power Act Section 203 Blanket Authorizations for Investment Companies (SIFMA AMG)
SIFMA AMG provided comments to the Federal Energy Regulatory Commission replying to certain comments filed in the Notice of Inquiry…
SIFMA provides comments to the Securities and Exchange Commission (SEC) on proposals to allow participants to attest that “substantially all” orders submitted to the Retail Liquidity Program (RLP) will qualify as “Retail Orders,” SR-NYSE-2013-08; SR-NYSEMKT-2013-07; SR-BYX-2013-008; and SR-NASDAQ-2013-031. The Programs each create a new class of market participants: Retail Member Organizations (RMOs). In order to qualify as an RMO, a participant is required to submit an attestation to the Exchange that “any” order flow submitted would qualify as a “Retail Order.” These Programs were approved on a pilot basis by the Commission staff acting pursuant to delegated authority.
SIFMA believes that the proposed amendments weakening the standard to allow some non-retail orders represents a material and problematic departure from the Programs originally considered by the Commission.
SIFMA is concerned that the “substantially all” standard proposed by the Exchanges is so vague that it could allow a material amount of non-retail order flow to qualify for the Programs.
SIFMA AMG provided comments to the Federal Energy Regulatory Commission replying to certain comments filed in the Notice of Inquiry…
SIFMA and SIFMA AMG provided comments to the Commodity Futures Trading Commission (CFTC) on their request for public comment on…
SIFMA AMG provided comments to the Federal Deposit Insurance Corporation (FDIC) on their consideration of various proposals to revise the…
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