Regulation & law · 14/10/19971 min read

National Association of Securities Dealers, Inc. Seeks to Strengthen Transparency in Syndicate Covering Transactions

The National Association of Securities Dealers, Inc. has filed a proposed rule change with the Securities and Exchange Commission, seeking to enhance transparency and reporting requirements for syndicate covering transactions and members' obligations. The SEC has granted accelerated approval of the rule change, allowing it to take effect sooner than initially planned.