SIA Submits Comments to the Federal Reserve on an Interim Rule for Financial Activities
Published on:
May 12, 2000
The Securities Industry Association (SIA)* provides comments to the Board of Governors of the Federal Reserve System (Federal Reserve) on aninterim rule For financial activities, Docket No. R-1062. The interim rule would implement provisions of Gramm-Leach-Bliley Act (GLB Act) authorizing financial holding companies (FHCs) to engage in activities that are “financial in nature,” including underwriting, dealing and market making. SIA strongly recommends a list of permissible financial activities included in the interim rule.
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.