If approved by the SEC, firms will be required to report covered securities loan information to SLATE pursuant to FINRA’s rules beginning 2 January 2026
In line with the Digital Operational Resilience Act, these amendments aim to simplify the ICT risk management framework and provide legal clarity to the market
Panellists at The Beneficial Owners' International Securities Finance & Collateral Management Conference reviewed Europe and Asia’s move to a shorter settlement cycle
Included in the plan is a code of conduct for market participants which confirms 11 October 2027 as the first trading date in the UK cash equities for settlement on T+1
This is the first time the Financial Industry Regulatory Authority has charged a firm with violating its Rule 4330, which establishes the permissible use of customers’ securities to ensure customer protection
According to the Investment Company Institute, the need for this no-action relief is urgent due to the impending 14 February 2025 deadline to file the first Form SHO reports
23 January 2025Swizerland Reporter: Carmella Haswell
Synchronising the T+1 transition date for the UK, Europe, Switzerland, and Liechtenstein is in the interests of concerned markets and users, the council says
The Digital Operational Resilience Act requires the European Supervisory Authorities to assess the feasibility of incident reporting through a single EU hub
