Director of the SEC Division of Investment Management William Birdthistle described regulatory developments and the challenges of globalization and interconnectedness to the asset management industry.

The ICE Benchmark Administration decided to cease publishing USD LIBOR ICE swap rate "runs" for all tenors immediately after publication of the rates on June 30, 2023.

The SEC approved a FINRA proposal to shorten the permitted syndicate account settlement timeframe for corporate debt offerings.

A broker-dealer settled FINRA charges for failing to take reasonable steps to tailor its AML program to identify suspicious activities on low-priced securities.

FINRA reminded firms of the deadlines to submit broker dealer reports and Financial and Operational Combined Uniform Single ("FOCUS") information due in 2023 or the first quarter of 2024.