SEC Announces Extension of Temporary Measure to Facilitate Cross-Border Implementation of the European Union’s MiFID II’s Research Provisions

Today the staff of the U.S. Securities and Exchange Commission issued an extension of an Oct. 26, 2017 no-action letter it provided to assist market participants regarding their U.S.-regulated activities as they engage in efforts to comply with the provisions relating to research in the Markets in Financial Instruments Directive II (MiFID II) and related implementing rules and regulations. 

SEC Announces Conference on Macroeconomic and Structural Trends and Dynamics Affecting the Capital Markets

The Securities and Exchange Commission today announced that it will host a conference on Dec. 4 entitled “The State of Our Securities Markets.” The conference will bring together current and former government officials and experts from different areas of the private sector to explore and discuss the ever-changing economic, risk and market environment and what those changes mean for the structure and function of the securities markets.

Comment Letters on Odd Lots

Securities Information Processor (“SIP”) Operating Committees are considering a proposal for the SIPs to disseminate certain consolidated odd lot quotation data as ancillary information on the SIP data feeds. They are seeking feedback on the below draft proposal.

CFTC Approves Amendments Simplifying Rules for Asset Managers at November 25 Open Meeting

On a 4-1 vote, the Commission approved amendments to Rules 4.7, 4.13 and 4.14 (Codification of Relief for Family Offices and Relief Related to the JOBS Act), that will exempt certain commodity pool operators (CPOs) meeting the definition of “Family Office” from certain registration requirements.

Read November Newsletter here