Page 2 - Meredith Mitchell News Today : Breaking News, Live Updates & Top Stories | Vimarsana

<p><span>Today, the Commission is considering amendments to require covered firms to notify their customers of data breaches.</span><a name="_ftnref1" href="https://www.sec.gov/news/statement/gensler-statement-regulation-sp-031523?utm_medium=email&amp;utm_source=govdelivery#_ftn1">[1]</a><span>&nbsp;I support these amendments because, through making critical updates to a rule first adopted in 2000, this proposal would help protect the privacy of customers&rsquo; financial data.</span></p>

<p><span>Today, the Commission is considering a proposal on cybersecurity practices for broker-dealers, clearinghouses, and other market entities. I am pleased to support this proposal because, if adopted, it would set standards for these market entities&rsquo; cybersecurity practices.</span></p>

<p>Today, the Commission is considering whether to adopt amendments to important features of the clearing and settling process. I support this adoption because it will reduce latency, lower risk, and promote efficiency as well as greater liquidity in the markets.</p> <p>&nbsp;</p>

<p><span>Today, the Commission voted to propose rules to strengthen the governance of registered clearing agencies, also known as clearinghouses. This proposal would, among other things, fulfill Section 765 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, where Congress directed the Commission to address conflicts of interest for security-based swap clearinghouses. I was pleased to support this proposal because, if adopted, it would enhance governance standards for all registered clearinghouses, particularly with regards to conflicts of interest. This would...

<p><span>Today, the Commission unanimously proposed two rules further defining a dealer to help identify principal trading firms (PTFs) and firms conducting similar activities that must register with the SEC. I was pleased to support this proposal because I believe it reflects Congress&rsquo;s statutory intent that firms engaging in important liquidity-providing roles in the securities markets, including in the U.S. Treasury market, be registered with the Commission. Further, requiring all firms that regularly make markets, or otherwise perform important liquidity-providing rol...