34th Chairman of the @SECgov. Championing innovation, investor confidence, and dynamic capital markets that power the American economy. Views are my own.
For too long, gaps like this one—where the debt of several EU member states was covered but debt of the EU itself was not—have created inconsistency that breeds confusion rather than confidence in the markets. This proposal is SEC-CFTC harmonization in practice.
TODAY🚨: The SEC proposed amendments to Rule 3a12-8 to add the debt obligations of the European Union to the list of foreign government debt obligations designated as "exempted securities" solely for the purposes of futures marketing and trading.