Today, the Commission is considering whether to adopt final rules further defining a dealer and government securities dealer. Drysdale, which was not registered or regulated as a dealer, had significant involvement in the U.S. Treasury markets. Second, the final rules do not include the proposed quantitative standard for the further definition of a dealer in the Treasury markets. Third, the final rules adopt an anti-evasion provision rather than the proposed aggregation across legal entities. The final rules promote an important cornerstone of the SEC’s work to oversee the markets.

Source: Washington Post February 06, 2024 16:38 UTC