The COVID-19 pandemic means alternatives to cash may become yet more attractive.
The final implementation phase will take place on 1 September 2022.
Regulators expect firms to continue to record calls despite the disruption.
Rule 606(b)(3) will provide managers a forensic trail of their trades.
Bans on short-selling have significantly degraded market liquidity and price formation.
Short-selling bans inhibit orderly markets rather than promote them.
The guidance offers suggestions on how listed companies might implement contingency plans.
The COVID-19 pandemic may impair the ability of issuers to publish within the legislative deadlines.
ICMA welcomed the clarification from the regulator in response to feedback from the market.
