While BNY Mellon's Martin Smith notes that the penalty regime is fairly understood, he highlights that there is a question mark over what is going to happen with the buy ins
Responses from the consultation, which ran from 8 December last year to 1 February this year, also showed that 14 respondents requested the buy-in regime be retained while 26 either did not respond or were neutral
Witnesses from brokers, market utilities and universities are expected to call for amendments to Regulation SHO, Dodd-Frank, and Form 13F, while pitching new concepts for reporting securities lending activities
The US SECs investor advocacy division has sounded the alarm on celebrity-sponsored SPACs, following activist short seller accusations of soon-to-be-listed companies duping retail investors
The Capital Markets Board of Turkey has amended the ratio of open clearing positions, settlement of shares subject to gross settlement and scope and calculation of margin ratio for new collateral types
ISLA, ICMA and ISDA are among 14 trade bodies to renew calls for the buy-ins rules to be shelved until "essential" amendments are in place and to give in-scope entities more time to prepare
The grace period for including third-country counterparty LEIs must be extended again beyond April to avoid a liquidity crunch and undermining SFTR data integrity, warn trade bodies including ISLA and ICMA
The FCA has confirmed that representative LIBOR rates will not be available beyond the dates set out, and publication of most of the LIBOR settings will cease immediately after these dates