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The SEC's approval of Finra proposals for remote inspections was applauded by brokerage trade groups and criticized by plaintiffs attorneys.
Brokerage firms want the SEC to speed up its review of Finra proposals related to remote supervision.
By Bernard Canepa, Managing Director and Associate General Counsel at SIFMA
SIFMA Issues New MSRB Rule G-17 Model Risk Disclosure Documents For Additional Products Date 02/02/2021 SIFMA today announced it has made new additions to its set of G-17 Model Risk Disclosure Documents to help municipal securities underwriters comply with the recently amended requirements for disclosure to municipal issuers set forth by the revised interpretive guidance to Municipal Securities Rulemaking Board (MSRB) Rule G-17. The new model disclosure documents cover the following products: Capital Appreciation Bonds (CABs) Variable-Rate Remarketed Obligations (VROs) Exchange Offers ...
The group specifically revised six of its model disclosure documents for risk disclosure including floating rate notes, fixed-rate bonds, interest rate swaps, forward delivery bonds, tender offer bonds and variable rate demand obligations.