Where a US antitrust case and a data law meet
The Waters Wrap: Regulators’ choice not to endorse a securities identifier under a new law keeps business as usual for firms required to pay Cusip license fees—but Reb isn’t ruling out a shake-up just yet.
Earlier this month, a group of US regulators withdrew a 2024 proposal to adopt a common securities identifier under the Financial Data Transparency Act, passed by Congress in 2022 and requiring government agencies to institute machine-readable, open-license data standards.
The FDTA’s final rules saw the regulators do away with their initial idea to use the Figi in lieu of the more widely used Cusip and Isin, for information collection and sharing among themselves, the public, and the firms they
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