Americas Reg Desk
Thursday, 2026-09-17 · covering the last 24h
United States
SEC grants five-year “Innovation Exemption” for tokenized-stock trading venues. The Commission issued an order giving conditional, five-year exemptive relief from the Exchange Act's “exchange” and “dealer” definitions to Tokenized Securities Venues that match trades of tokenized NMS stock through permissioned automated-market-maker liquidity pools, subject to symbol and volume limits. Conditions include shareholder-rights parity with traditional holders, auditable smart contracts, synchronised trading halts, and 30 days' advance notice to issuers before their shares are listed on a venue; the SEC opened a concurrent comment period. It is the first formal on-ramp for tokenized-securities trading venues under existing exchange rules. SEC press release
SEC convenes roundtable on readiness for 24-hour equity trading. Held 17 September 2026 at SEC headquarters, the public roundtable examined exchange and broker-dealer operational readiness for round-the-clock trading — overnight surveillance, clearance-and-settlement mechanics and Reg SCI resiliency — as the agency weighs whether current rules and market infrastructure can accommodate expanded trading hours. Not a rule change itself, but the SEC's clearest public signal yet on the timeline toward continuous equity trading. Roundtable page
Nasdaq sets port pricing ahead of its planned Night Session. SR-NASDAQ-2026-073 amends Exchange Rule Equity 7 to price connectivity ports for Nasdaq's 23-hour Night Session, letting members order ports in advance of the session's expected December 2026 launch. Filed for immediate effectiveness; published in the Federal Register 15 September 2026. Federal Register notice
No material CFTC or FINRA rulemaking, and no Federal Reserve Board rulemaking or supervisory guidance reaching market participants, in the window.
Canada
No material items from CSA/OSC, CIRO or TMX in the window, and no new Bank of Canada FMI rulemaking.
Latin America
Argentina's CNV regulates investment vehicles for labour-assistance funds. Resolución General 1167/2026 sets the framework for Productos de Inversión Colectiva de Fondos de Asistencia Laboral — open-ended mutual funds or financial trusts that will administer employer contributions earmarked to cover severance payments under Law 27.802 and Decree 408/2026. The rule caps administration fees and ordinary expenses at 1% of fund assets annually, allows employers to port between funds and managers, and sets the regime's start date at 1 November 2026; it follows closely on RG 1166/2026 (the checks-in-settlement ban reported yesterday). CNV/Argentina.gob.ar notice
No other material items from B3/CVM/BCB, BMV/BIVA/CNBV/Banxico or Chile's CMF/BCCh in the window.
Informational only — summaries of public regulatory and central bank sources; not advice.