The iTSCi Programme Secretariat recently announced that the provisional period for iTSCi programme implementation is being extended until the end of June 2012.

The extension is necessary due to delays in the release of the SEC final rules implementing the US Dodd Frank Act. Originally, these rules were expected by the end of 2011; however, this did not occur as planned, and their revised release date has now been delayed until at least June 2012.

As soon as the US requirements are finalised, any necessary changes will be incorporated into the iTSCi membership agreement, and circulated to all members for ratification.