From:
Ex Parte Communication
Organization(s):
Securities and Exchange Commission (SEC)
Asset Management Group of the Securities Industry and Financial Markets Association (SIFMA AMG)
BlackRock
Davis Polk
Fidelity Investments (Fidelity)
PIMCO
Vanguard
Goldman Sachs
MFS Investment Management (MFS)
Wellington Capital Management (Wellington)
Comment Text:
Meeting with SIFMA AMG
Wednesday, April 27, 2011
Memo from
Steiner, Jeffrey L.
CFTC Staff :
Riva Spear Adriance
Jane Croessmann
Anthony Hays
Carl Kennedy
Carlene Kim
Tom Leahy
Mauricio Melara
George Pullen
Steven Seitz
Jeffrey Steiner
Amir Zaidi
External Attendees :
Nancy Sanow (SEC)
Tom Eady (SEC)
Michael Gaw (SEC)
David Liu (SEC)
Connie Kiggins (SEC)
Steve Varholik (SEC)
Michou Nguyen (SEC)
Jasmin Sethi (SEC)
Iliana Lundblad (SEC)
Superna Vedbrat (BlackRock)
Dan Budofsky (Davis Polk)
Christine Ayotte-Brennan (Fidelity)
Alexander Marx (Fidelity)
Matt Nevins (Fidelity)
Arthur Leiz (Goldman Sachs)
Wendy Yun (Goldman Sachs)
Nevis Bregasi (MFS)
Bill DeLeon (PIMCO)
Tim Cameron (SIFMA AMG)
Peter Ryan (SIFMA AMG)
Bill Thum (Vanguard)
Ronald Reardon (Vanguard)
Charlie Mulhern (Wellington)
Additional Information :
On April 27, 2011 at 2:30 p.m. EDT, representatives of the CFTC and the SEC (via dial-in) met with asset managers and representatives of SIFMA AMG. Staff discussed issues raised in SIFMA AMG’s public comment letters relating to real-time reporting proposed rule (dated February 7, 2011) and the SEF proposed rule (dated March 8, 2011). Specific issues discussed included block trades (need for data, phase-in of block trades, illiquid products, time delays), RFQ definition, requirement to “take into account” other resting bids and offers, 15-second delay, available to trade determination and allocation issues.
