The Division of Swap Dealer and Intermediary Oversight, Division of Clearing and Risk and the Division of Market Oversight (Divisions) of the Commodity Futures Trading Commission have extended the no-action relief previously...more
On August 13, 2012, the Commodity Futures Trading Commission published for comment an interpretation to clarify the circumstances in which a contract that provides for variations in delivery amount (i.e., embedded volumetric...more
In this issue:
- US Court of Appeals for the District of Columbia Circuit Grants Petition for Rehearing of Decision on Conflicts Minerals Rule
- Register for Our 2015 Proxy Season Update Webinar
- SEC...more
11/24/2014
/ Amnesty International ,
Appeals ,
CFTC ,
Conflict Mineral Rules ,
Crowdfunding ,
Disclosure Requirements ,
EU ,
European Commission ,
False Claims Act (FCA) ,
Financial Industry Regulatory Authority (FINRA) ,
FinCEN ,
Fixed Income Investments ,
Forward Contract Exclusion ,
Forward Contracts ,
MSRB ,
Proxy Season ,
Proxy Voting Guidelines ,
Securities and Exchange Commission (SEC) ,
Swap Dealers
The Division of Market Oversight (DMO) of the Commodity Futures Trading Commission has issued an extension of no-action relief for swap execution facilities (SEFs), designated contract markets (DCMs) and swap counterparties...more
In this issue:
- Proxy Advisory Firms Release Policy Updates for 2015
- CBOE Makes Enhancements to Its Market-Maker Trade Notification System
- OTC Derivatives Regulators Group Issues Report to G20...more
11/17/2014
/ AIFM ,
Alternative Investment Fund Managers Directive (AIFMD) ,
CBOE ,
CFTC ,
Derivatives ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
G20 ,
Glass Lewis ,
Institutional Shareholder Services (ISS) ,
Market Making ,
Over The Counter Derivatives (OTC) ,
Prepaid Payment Products ,
Proxy Season ,
Proxy Voting Guidelines
The Commodity Futures Trading Commission’s Division of Swap Dealer and Intermediary Oversight (DSIO) granted no-action relief from the proviso in CFTC Regulation 1.57(a)(1), which requires an introducing broker (IB) that has...more
The Commodity Futures Trading Commission has proposed to amend the recordkeeping requirements set forth in CFTC Regulation 1.35(a). The proposed amendments to CFTC Regulation 1.35(a) would clarify that records must be...more
In 2013, the Commodity Futures Trading Commission amended CFTC Regulation 1.22 to require a futures commission merchant (FCM) to maintain its own funds (i.e., residual interest) in customer segregated accounts in an amount...more
In this issue:
- SEC Sanctions 10 Companies for Disclosure Failures Surrounding Financing Deals and Stock Dilution
- Delaware Court of Chancery Rejects Entire Fairness Review in Absence of Conflicted...more
11/10/2014
/ CFTC ,
Compliance ,
Dilution ,
Disclosure Requirements ,
Enforcement ,
Enforcement Actions ,
Financial Industry Regulatory Authority (FINRA) ,
Financing ,
Futures Commission Merchants (FCMs) ,
Mutual Funds ,
NFA ,
Recordkeeping Requirements ,
Securities and Exchange Commission (SEC) ,
UK ,
Virtual Currency
The Commodity Futures Trading Commission has requested public comment on a petition submitted by ICE Clear Europe Limited to amend an order issued by the CFTC on May 30...more
In this issue:
- FINRA Proposes to Adopt Rules on Quotation Requirements for OTC Equity Securities
- CFTC Seeks Comment on ICE Clear Europe Portfolio Margining Proposal
- New York DFS Proposes First...more
7/21/2014
/ CFTC ,
Equity Securities ,
EU ,
FDIC ,
Financial Industry Regulatory Authority (FINRA) ,
Margin Requirements ,
Material Misstatements ,
Over The Counter Derivatives (OTC) ,
Statute of Repose ,
TCPA ,
Vicarious Liability ,
Virtual Currency
The Commodity Futures Trading Commission has proposed to amend the “special entity” de minimis exception from swap dealer designation to exclude certain swaps with public utility providers. The proposed regulations are...more
The Division of Swap Dealer and Intermediary Oversight and the Division of Market Oversight of the Commodity Futures Trading Commission have issued relief from certain recordkeeping obligations for persons that are not...more
The Commodity Futures Trading Commission is seeking additional comments on its proposed regulations relating to position limits for physical commodity derivatives. The CFTC will accept comments on its proposals regarding...more
In this issue:
- Delaware Legislation Banning Fee-Shifting in Bylaws and Charters
- CFTC Proposes to Amend De Minimis Threshold for Swaps with Utility Providers
- CFTC Grants Recordkeeping Relief for...more
6/2/2014
/ Arbitration ,
Broker-Dealer ,
Bylaws ,
CFTC ,
Commodities ,
De Minimis Claims ,
Derivatives ,
Fee-Shifting ,
Foreign Corrupt Practices Act (FCPA) ,
Foreign Official ,
Fraud ,
Instrumentality ,
Mandatory Arbitration Clauses ,
SEFs ,
Swaps ,
Utilities Sector
The Commodity Futures Trading Commission has announced the first award under its whistleblower program. The CFTC will pay an anonymous recipient approximately $240,000 for providing information about violations of the...more
In this issue:
- CME Delays Prohibition on Transitory EFRPs
- JAC Issues Guidance on Margin Funds
- CFTC Hands Out First Whistleblower Award
- NFA Adopts Fee for Registration...more
5/27/2014
/ Broker-Dealer ,
CFTC ,
Chicago Mercantile Exchange (CME) ,
Compliance ,
Disclosure Requirements ,
Energy Sector ,
Enforcement Actions ,
Fees ,
Financial Regulatory Reform ,
Margin Requirements ,
NFA ,
Non-Disclosure Agreement ,
Oil & Gas ,
Securities and Exchange Commission (SEC) ,
Whistleblower Awards ,
Whistleblower Protection Policies ,
Whistleblowers
ICE Swap Trade, LLC, a swap execution facility temporarily registered with the Commodity Futures Trading Commission, recently self-certified amendments to its rules (ICE Rules) to allow market participants to execute...more
On February 12, the Commodity Futures Trading Commission’s Division of Market Oversight (DMO) issued relief from registration as a swap execution facility (SEF) to multilateral trading facilities (MTFs) regulated within the...more
In this issue:
- SEC Roundtable Discusses Cybersecurity Threats and Protections Against Cyberattacks
- Proposed Changes to FINRA Classification of Hybrid Securities for Trade Reporting Purposes
- FINRA...more
3/31/2014
/ CFTC ,
Class Action ,
Class Certification ,
Collateralized Debt Obligations ,
Cyber Attacks ,
Cybersecurity ,
Data Breach ,
Data Protection ,
Financial Industry Regulatory Authority (FINRA) ,
Immigration and Customs Enforcement (ICE) ,
Initial Public Offering (IPO) ,
Securities and Exchange Commission (SEC) ,
Swaps
The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) has reissued a document addressing frequently asked questions (FAQs) on commodity options. The FAQs document, which DMO originally issued on...more
In this issue:
- FINRA Requests Comment on Proposed Rule Set for Limited Corporate Financing Brokers
- SEC Issues No-Action Relief to Broker Dealers from Financial Responsibility Rule 15c3-3 Amendments
-...more
The Commodity Futures Trading Commission and the CFTC’s Division of Market Oversight (DMO) have issued the following guidance relating to the trading of swaps on swap execution facilities (SEFs) and designated contract...more
The Commodity Futures Trading Commission’s Division of Market Oversight (DMO) has issued CFTC Letter No. 14-15, which provides temporary no-action relief for (i) multilateral trading facilities (MTFs) overseen by regulators...more
In this issue:
- CFTC Exempts MTFs from US Registration Requirements
- CFTC Guidance Relating to Trading on SEFs and DCMs
- NFA Issues Notice to Members Regarding Member Obligations Under NFA Bylaw 1101...more