Washington, D.C., May 9, 2022 – SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the SEC’s announcement regarding the extension of comment periods for certain proposals:

“SIFMA welcomes the announcement today from the SEC extending comment periods for certain proposals.  Providing more time to comment will allow stakeholders time to provide critical information the SEC must consider, including preparing robust cost benefit analysis, impact on market functioning and, importantly, investors.  Further, the Commission should consider the cumulative impact of its rulemaking agenda and the need for prioritization, particularly given the need to finalize important, long pending rule proposals such as the Consolidated Audit Trail (CAT) Data Privacy Rule.”

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s one million employees, we advocate on legislation, regulation and business policy affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development.

SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA).