{"id":6048,"date":"2016-10-07T13:59:15","date_gmt":"2016-10-07T18:59:15","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1126"},"modified":"2022-05-19T08:47:00","modified_gmt":"2022-05-19T13:47:00","slug":"sec-news-regulator-proposes-amendment-settling-securities-transactions-adopts-rules-improve-regulatory-framework-clearing-agencies-gives-authorities-access-information-security-b","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-news-regulator-proposes-amendment-settling-securities-transactions-adopts-rules-improve-regulatory-framework-clearing-agencies-gives-authorities-access-information-security-b\/","title":{"rendered":"SEC News: Regulator Proposes Amendment For Settling Securities Transactions, Adopts Rules to Improve Regulatory Framework for Clearing Agencies, Gives Authorities Access to Information from Security-Based Swap Data Repositories, and Enhances Investment Adviser Requirements for Providing Information"},"content":{"rendered":"<p>&nbsp;<\/p>\n<blockquote>\n<blockquote>\n<div class=\"WordSection1\">\n<div class=\"\"><\/div>\n<div class=\"\"><b class=\"\"><span class=\"\">New Proposed Amendment Would Shorten Period for Settling Securities Transactions\u00a0<\/span><\/b><\/div>\n<div class=\"\"><span class=\"\">The SEC has voted to propose a rule amendment that would abbreviate the typical length of a settlement cycle period for the majority of broker-dealer securities transactions. Instead of having this period run from three business day following the trade date it would be reduced to two days. The hope is that the amendment, if approved, would lower the risks that can occur due to the value and quantity of unresolved securities transactions before a settlement is completed.\u00a0<\/span><\/div>\n<div class=\"\"><\/div>\n<div class=\"\"><span class=\"\">The proposal would modify the Exchange Act\u2019s Rule 15c6-1(a). Under the amendment, a broker-dealer would not be allowed to get into a contract for the sale or purchase of a security that provides fund payments unless it is an exempted security, municipal security, government security, banker&#8217;s acceptance, commercial paper, or commercial bill. The regulator hopes that the proposed amendment would reduce the market,\u00a0 credit, and liquidity risks for all participants in the U.S. market.<\/span><\/div>\n<div class=\"\"><span class=\"\">\u00a0<\/span><\/div>\n<div class=\"\"><\/div>\n<div class=\"\"><b class=\"\"><span class=\"\">SEC Adopts Rules Impacting Securities Clearing Agencies<\/span><\/b><\/div>\n<div class=\"\"><span class=\"\">The\u00a0Commission has adopted rules to enhance the regulatory framework for securities clearing agencies. The improved standards would preside over the running of and overseeing of securities clearing agencies that are either systemically important or are taking part in security-based swaps and other complex transactions.\u00a0<\/span><span class=\"\">The SEC also voted to propose that the enhanced standards be applied to other securities clearing agency categories.<\/span><\/div>\n<div class=\"\"><\/div>\n<div class=\"\"><span class=\"\">\u00a0<\/span><\/div>\n<div class=\"\"><\/div>\n<\/div>\n<\/blockquote>\n<div class=\"WordSection1\"><\/div>\n<\/blockquote>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-news-regulator-proposes-amendment-settling-securities-transactions-adopts-rules-improve-regulatory-framework-clearing-agencies-gives-authorities-access-information-security-b\/#more-6048\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; New Proposed Amendment Would Shorten Period for Settling Securities Transactions\u00a0 The SEC has voted to propose a rule amendment that would abbreviate the typical length of a settlement cycle period for the majority of broker-dealer securities transactions. Instead of having this period run from three business day following the trade date it would be [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3760,3761],"tags":[],"class_list":["post-6048","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC News: Regulator Proposes Amendment For Settling Securities Transactions, Adopts Rules to Improve Regulatory Framework for Clearing Agencies, Gives Authorities Access to Information from Security-Based Swap Data Repositories, and Enhances Investment Adviser Requirements for Providing Information &#8212; Investor Lawyers Blog &#8212; October 7, 2016<\/title>\n<meta name=\"description\" content=\"&nbsp; New Proposed Amendment Would Shorten Period for Settling Securities Transactions\u00a0 The SEC has voted to propose a rule amendment that would &#8212; October 7, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-news-regulator-proposes-amendment-settling-securities-transactions-adopts-rules-improve-regulatory-framework-clearing-agencies-gives-authorities-access-information-security-b\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC News: Regulator Proposes Amendment For Settling Securities Transactions, Adopts Rules to Improve Regulatory Framework for Clearing Agencies, Gives Authorities Access to Information from Security-Based Swap Data Repositories, and Enhances Investment Adviser Requirements for Providing Information &#8212; 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