“Final Rules” – Seeds of Wisdom RV/GCR Update(s) from Goldilocks 12-6-23

Goldilocks and Seeds of Wisdom Finally, the US SEC adopts Final Rules on Security-Based Swap Execution Facilities. This includes foreign currency exchanges.On November the 2nd, 2023, the final rules have finally been accepted to move forward with banks and other redemption centers.  The implementation date for these security swap facilities are 60 days after Federal registration for them to do so takes place. This means that early January 2024 will be the earliest date for exchange facilities to become a possibility. We still have other dates in January such as Protocol 20 and Basel 3 final rules to be approved….