In this issue:

- FINRA Issues New Investor Alert on Closed-End Funds

- CFTC Adopts Enhanced Customer Protection Rules

- CFTC Adopts Rules Regarding the Protection of Collateral and Treatment of Securities in a Portfolio Margining Account in a Bankruptcy

- CFTC Adopts Final Rules for Ownership and Control Reports

- CFTC Announces Mutual Acceptance of Approved Legal Entity Identifiers

- CFTC Seeks Comments on TW SEF Available-to-Trade Certification

- Second Circuit Affirms Dismissal of Qui Tam Case Based on Attorney’s Use of Confidential Information

- District Court Dismisses a Shareholder Suit for Failing to Plead Scienter

- OCC Issues Risk Management Guidance

- OCC and FDIC Propose Rule to Strengthen Liquidity Risk Management

- Excerpt from: OCC Issues Risk Management Guidance:

On October 30, the Office of the Comptroller of the Currency (OCC) issued guidance (Bulletin 2013-29) to national banks and federal savings associations (collectively, banks) for assessing and managing risks associated with third-party relationships. A third-party relationship is “any business arrangement between a bank and another entity, by contract or otherwise.” The bulletin rescinds OCC Bulletin 2001-47, “Third-Party Relationships: Risk Management Principles” and OCC Advisory Letter 2000-9, “Third-Party Risk.”

Please see full newsletter below for more information.

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