Americas ETP News
If your looking for specific news, using the search function will narrow down the results
CFTC.gov Commitments of Traders Reports Update
June 10, 2011--CFTC.gov Commitments of Traders Reports have been updated for the week of June 7, 2011 are now available.
view updates
Source: CFTC.gov
SEC Proposes Exemptions From Registration Requirements For Security-Based Swaps Issued By Certain Clearing Agencies
May 10, 2011--The Securities and Exchange Commission today proposed rules that would provide certain clearing agencies with exemptions from the registration requirements of the Securities Act of 1933 and the Securities Exchange Act of 1934 for security-based swaps that they issue.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, which established a comprehensive framework for regulating the over-the-counter swaps markets, envisioned that certain security-based swaps would be cleared through a clearing agency. The proposed exemptions would facilitate the clearing of such security-based swaps.
A clearing agency generally acts as a middleman between the parties to a transaction, and when providing central counterparty services, assumes the risk should there be a default. When structured and operated appropriately, such a clearing agency can provide benefits such as improving the management of counterparty risk and reducing outstanding exposures through multilateral netting of trades.
The proposed rules would exempt transactions by clearing agencies in these security-based swaps from all provisions of the Securities Act, other than the Section 17(a) anti-fraud provisions, as well as exempt these security-based swaps from Exchange Act registration requirements and from the provisions of the Trust Indenture Act, provided certain conditions are met. Public comments on the proposed rules should be received by July 25, 2011.
view the proposed rules-EXEMPTIONS FOR SECURITY-BASED SWAPS ISSUED BY CERTAIN CLEARING AGENCIES
Source: SEC.gov
SEC Announces Steps to Address One-Year Effective Date of Title VII of Dodd-Frank Act
June 10, 2011--The Securities and Exchange Commission today said it is taking a series of actions in the coming weeks to clarify the requirements that will apply to security-based swap transactions as of July 16 – the effective date of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act – and to provide appropriate temporary relief.
Title VII is the portion of the Dodd-Frank Act that establishes a comprehensive framework for regulating over-the-counter derivatives. In particular, it authorizes the SEC to regulate “security-based swaps” while also authorizing the CFTC to regulate other swaps. The portion of Title VII referred to as Subsection B, which deals with the new regulatory regime for security-based swaps, will take effect on July 16 (360 days after the date of the Dodd-Frank Act’s enactment).
The Commission will:
Provide guidance regarding which provisions of Subtitle B of Title VII will become operable as of July 16, and, where appropriate, provide temporary relief from several of these provisions.
Provide guidance regarding – and where appropriate, temporary relief from – the various pre-Dodd-Frank provisions of the Exchange Act that would otherwise apply to security-based swaps on July 16. Under Dodd-Frank, security-based swaps would be included in the definition of “security” under the Exchange Act. While such swaps will be subject to provisions addressing fraud and manipulation, the Commission intends to provide temporary relief from certain other provisions of the Exchange Act so that the industry will have time to seek, and the Commission can consider, what if any further guidance or action is required.
read more
Source: SEC.gov
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
June 10, 2011--Standard & Poor's Canadian Index Operations announces the following index changes as a result of the Quarterly S&P/TSX Composite Index Review. These changes will be effective at the open on Monday, June 20, 2011:
S&P/TSX COMPOSITE INDEX
| ADDITIONS | |||
| Issue Name | Symbol | 60/Completion | Live Composite GICS Sector Index |
| Athabasca Oil Sands Corp. | ATH | Completion | Energy |
| B2Gold Corp. | BTO | Completion | Materials |
| Bonterra Energy Corp. | BNE | Completion | Energy |
| Canexus Income Fund | CUS.UN | Completion | Materials |
| Capital Power Corporation | CPX | Completion | Utilities |
| Endeavour Silver Corp. | EDR | Completion | Materials |
| Extorre Gold Mines Limited | XG | Completion | Materials |
| MEG Energy Corp. | MEG | Completion | Energy |
| Paramount Resources Ltd. | POU | Completion | Energy |
| Romarco Minerals Inc. | R | Completion | Materials |
| San Gold Corporation | SGR | Completion | Materials |
| Tahoe Resources Inc. | THO | Completion | Materials |
| Tourmaline Oil Corp. | TOU | Completion | Energy |
| Wi-LAN Inc. | WIN | Completion | Information Technology |
read more
Source: Standard & Poor's
JP Morgan files with the SEC
June 10, 2011--JP Morgan has filed an Amendment No.4 to Form S-1 with the SEC for the JPM XF Physical Copper Trust.
view filing
Source: SEC.gov
Van Eck files with the SEC
June 10, 2011--Van Eck has filed a post-effective amendment, registration with the SEC for the All China All-Cap ETF
All China Consumer Discretionary Sector ETF
All China Consumer Staples Sector ETF
All China Energy Sector ETF
All China Financial Services Sector ETF
All China Healthcare Sector ETF
All China Industrials Sector ETF
All China Information Technology Sector ETF
All China Materials Sector ETF
All China Utilities Sector ETF
All China Small-Cap ETF
view filing
Source: SEC.gov
Huntington files with the SEC
June 10, 2011--Huntington has filed an amended and restated Application for exemptive relief with the SEC for actively-managed ETFs.
view filing
Source: SEC.gov
Emerging Global Shares files with the SEC
June 10, 2011--Emerging Global Shares has filed a post-effective amendment, registration statement with the SEC for the
EGShares India Consumer ETF
EGShares India Financials ETF
EGShares India Health Care ETF
EGShares India Industrials ETF
EGShares India Technology ETF
EGShares India Basic Materials ETF
EGShares India Energy ETF
EGShares India High Income Low Beta ETF
EGShares Emerging Markets High Income Low Beta ETF
EGShares Emerging Markets Food and Agriculture ETF
view filing
Source: SEC.gov
CFTC and SEC Staffs to Host Public Roundtable Discussion on Proposed Dealer and Major Participant Definitions under Dodd-Frank Act
June 10, 2011-- The staffs of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) today announced that they intend to hold a joint public roundtable on June 16, 2011, to discuss proposed definitions required under Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).
The Dodd-Frank Act provides that the CFTC and the SEC, in consultation with the Federal Reserve, must work jointly to further define the meaning of certain key terms including “swap dealer,” “security-based swap dealer,” “major swap participant” and “major security-based swap participant.” Title VII also provides for the registration of dealers and major participants, and will subject them to a number of statutory requirements including capital, margin and business conduct requirements.
read more
Source: SEC.gov
Deutsche Bank Launches Suite of International Currency-Hedged Exchange Traded Funds
June 9, 2011--Deutsche Bank today announced the launch of five new Exchange Traded Funds (ETFs) linked to currency-hedged MSCI International indexes. These ETFs are designed to provide investors direct exposure to international equity markets and aim to protect against fluctuations in value of the U.S. dollar and non-U.S. currencies.
The ETFs will be listed for trading on the NYSE Arca, under the following symbols:
db-X MSCI Japan Currency-Hedged Equity Fund (NYSE Arca:DBJP)
db-X MSCI Brazil Currency-Hedged Equity Fund (NYSE Arca:DBBR)
db-X MSCI Canada Currency-Hedged Equity Fund (NYSE Arca:DBCN)
db-X MSCI EAFE Currency-Hedged Equity Fund (NYSE Arca:DBEF)
db-X MSCI Emerging Markets Currency-Hedged Equity Fund (NYSE Arca:DBEM)
Deutsche Bank’s newest ETFs expand a product line that now includes 49 Exchange Traded Products (ETPs) in the US with $14.9 billion assets under management (AUM), and 281 ETPs globally with $67 billion AUM. The ETFs seek to provide investment results that, before fees and expenses are applied, correspond generally to the price and yield performance of their respective benchmark indexes. The funds are designed to provide exposure to equity securities globally, while at the same time seeking to mitigate exposure to fluctuation between the value of the U.S. dollar and non-U.S. currencies by also investing in currency forwards
read more
Source: Deutsche Bank
