Government Agencies Release Proposal Related to Financial Data Transparency

The SEC, in conjunction with a number of other federal agencies, has released a proposed rule in response to a mandate of the Financial Data Transparency Act of 2022. Specifically, the proposal would “promote interoperability of financial regulatory data across the agencies by establishing common identifiers for entities, geographic locations, dates, and certain products and currencies.”

For more information, see the press release and fact sheet — as well as the statements by SEC Chair Gary Gensler and Commissioners Hester Peirce and Mark Uyeda — on the SEC’s Web site.