Rob Mason, Global Relay's director of regulatory intelligence, reports from an impressive SIFMA gathering in Florida.
SIFMA
House lawmakers are also moving to allow electronic investor disclosures and communications, but the SEC may act first.
The testing involved simulated trading, post-trade activity, and regulatory trade reporting.
SIFMA said these rules need to be redrafted so firms can "more effectively manage their relationships with clients through seamless and modern communication."
The report tells a story of rebounding fortunes after an uncertain 2023.
Rapid structural change is, however, leading to some industry challenges, which are accentuated by changes in investors’ needs
The Consolidated Audit Trail (CAT) is a powerful tool to detect market manipulation, but the industry is complaining about skyrocketing costs.
The model rule significantly scales back a version from 2023 that industry participants said created new compliance obligations.