regulated as dealers or government securities dealers under Sections 3(a)(5) and 3(a)(44) of the Exchange Act, respectively. However, some of these market participants, despite engaging in liquidity-providing activities, and despite their significant share of market volume, are not registered as either dealers or government securities dealers.

Feb 6, 2024 · Under the final rules, any person that engages in activities as described in the rules is a “dealer” or “government securities dealer” and, absent an exception or exemption, required to: register with the Commission under Section 15(a) or Section 15C, as applicable; become a member of an SRO; and comply with federal securities laws and ...

For example, some broker-dealers of government securities, which are "exempted securities," must register as government securities brokers or dealers under Section 15C of the Act, as described in Part II.E, below. 4. Broker-Dealers Must Register Before Selling Unregistered Securities – Including Private Placements (or Regulation D offerings)

SECURITIES AND EXCHANGE COMMISSION 17 CFR Part 240 [Release No. 34-99477; File No. S7-12-22] RIN 3235-AN10 Further Definition of “As a Part of a Regular Business” in the Definition of Dealer and Government Securities Dealer in Connection with Certain Liquidity Providers AGENCY: Securities and Exchange Commission. ACTION: Final rule.

The SEC's Small Business Capital Formation Advisory Committee will hold a public meeting via videoconference to discuss matters relating to rules and regulations affecting small and emerging businesses and their investors under the federal securities laws.

Sep 28, 2020 · The Securities and Exchange Commission today announced a proposal to enhance the operational transparency, system integrity, and regulatory oversight for alternative trading systems (ATSs) that trade government securities as well as repurchase and reverse repurchase agreements on government securities (Government Securities ATSs) and issued a …

The Securities and Exchange Commission today proposed rules to better protect investors and enhance cybersecurity by bringing more Alternative Trading Systems (ATS) that trade Treasuries and other government securities under the regulatory umbrella. The proposal builds upon a 2020 proposal and public comments received in response to that proposal.

Mar 28, 2022 · See Section 3(a)(5) of the Securities Exchange Act (defining the term “dealer” to mean “any person engaged in the business of buying and selling securities . . . for such person’s own account through a broker or otherwise” and to exclude any “person that buys or sells securities … for such person’s own account, either ...

Sep 14, 2022 · “The Securities and Exchange Commission plays a critical role in how the Treasury market functions, including to help ensure that these markets stay efficient, competitive, and resilient,” said SEC Chair Gary Gensler. “One aspect of that role is our oversight of clearinghouses for Treasury securities.

Dec 13, 2023 · These transactions include: all repurchase and reverse repurchase agreements collateralized by U.S. Treasury securities entered into by a member of the covered clearing agency, unless the counterparty is a state or local government or another clearing organization or the repurchase agreement is an inter-affiliate transaction; all purchase and ...