FIA and its affiliated organizations, FIA PTG and FIA EPTA, issued a following statement in response to calls for short selling bans by global policymakers.
FIA filed a request for no-action relief from the CFTC on March 26 that would allow FCMs to make better use of staff in affiliate or branch locations during the COVID-19 pandemic.
"Keeping all U.S. financial markets open is essential to the well-being of the general economy and vital to maintaining and bolstering investor confidence, particularly once the economy recovers from the effects of this pandemic,” said the group.
FIA formally petitioned the Commodity Futures Trading Commission (CFTC) to amend its rules to clarify the margin treatment of separate customer accounts.
The U.S. Commodity Futures Trading Commission acted on Dec. 10 to reopen the comment period on a 2016 proposal regarding capital requirements for swap dealers. Two of the CFTC's five commissioners opposed the move, however, calling instead for a more thorough rulemaking process.
The U.S. Commodity Futures Trading Commission held a public meeting Nov. 25 in Washington, D.C., to discuss final amendments to several sections of the agency's Part 4 rules. The amendments, which passed in two separate packages, provided registration and compliance relief to certain types of commodity pool operators (CPOs) and commodity trading advisors (CTAs).
