Resolution avoids risk of litigation, insolvency, court finds
Total value of investor settlements dip, as cases involve smaller issuers, SPACs
Move allows more time to deal with operational, regulatory issues
Industry taskforce to oversee transition in line with continental Europe
Regulator seeks consistent implementation of new regime, avoiding arbitrage
Settlement provides refunds to investors that bought variety of digital assets
Industry committee to lead technical work on transition to faster settlement
Policymakers aim to address issues exposed in March 2020 market stress
SRO proposes mandatory close-out requirements that aim to prevent failed trades, align with U.S. regime
Regulator settles for less disgorgement than usual, given inability to pay
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