On May 25, the Commodity Futures Trading Commission announced that on June 9, from 10:00 a.m. to 12:00 p.m., the Agricultural Advisory Committee (AAC) would hold a public meeting via teleconference. At this meeting, the AAC will receive a report from the subcommittee that has been evaluating CFTC policy with respect to the implementation of
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CFTC Staff Publishes Updated Responses to FAQs Regarding Commission Regulation 4.27 and Form CPO-PQR
By Kevin M. Foley & Elise W. Michael on
Posted in CFTC
On May 26, Commodity Futures Trading Commission’s Market Participants Division (MPD) published updated responses to frequently asked questions regarding CFTC Regulation 4.27 and Form CPO-PQR (FAQs). These FAQs update the 2015 FAQs that addressed issues on Form CPO-PQR from filing mechanics and deadlines to more technical questions.…
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Effective Date for NFA Member Swap Dealer and Major Swap Participant Dues Increases
By Kevin M. Foley & Elise W. Michael on
Posted in CFTC, Derivatives
On May 24, the National Futures Association (NFA) issued Notice to Members 1-21-16, announcing the effective date for NFA Member swap dealer and major swap participant dues increases.
NFA Bylaw 1301 imposes annual dues on NFA Member swap dealers (SD) and major swap participants (MSP). The current annual dues amounts have remained unchanged, except for a reduction in MSP annual dues, since NFA established its swap regulatory program in 2013. Given the expansion of NFA’s swaps regulatory program over the past eight years and to fund its operations and maintain adequate reserves, NFA’s Board of Directors, on May 20, unanimously approved the following increases to these annual dues amounts:…
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Gary Gensler Names Initial Senior Staff Members
By Susan Light & Elise W. Michael on
Posted in Broker-Dealer
On April 19, the Securities and Exchange Commission announced the appointments of SEC Chair Gary Gensler’s senior staff, who will be responsible for advising Gensler on matters before the SEC. Prashant Yerramalli, appointed as SEC’s Chief of Staff, will continue to serve the role, which he has held since January under Acting Chair Allison Herren…
Alex Oh Named SEC Director of Enforcement
By Susan Light & Elise W. Michael on
Posted in Broker-Dealer
On April 22, the Securities and Exchange Commission announced the appointment of Alex Oh as Director of the Division of Enforcement. Earlier in her career, Oh was an Assistant US Attorney in the Criminal Division of the US Attorney’s Office for the Southern District of New York, where she was a member of the Securities…
FINRA Reminds Members About Requirements When Using Predispute Arbitration Agreements for Customer Accounts
By Susan Light & Elise W. Michael on
Posted in Broker-Dealer
On April 21, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 21-16 (Notice) to remind member firms about requirements when using predispute arbitration agreements for customer accounts.…
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SEC Issues Amendments, Seeks Public Comment on Holding Foreign Companies Accountable Act
By Susan Light & Elise W. Michael on
Posted in Broker-Dealer
On March 24, the Securities and Exchange Commission adopted interim final amendments to implement congressionally mandated submission and disclosure requirements of the Holding Foreign Companies Accountable Act (HFCA Act). …
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SEC Responds to Investor Demand by Bringing Together Agency Information About Climate and ESG Issues
By Susan Light & Elise W. Michael on
Posted in Broker-Dealer
On March 22, the Securities and Exchange Commission launched a new page on its website to bring together agency actions and the latest information about climate and environmental, social and governance (ESG) investing.…
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FINRA CAT Production Readiness Certification Deadline
By Susan Light & Elise W. Michael on
Posted in Broker-Dealer
Consolidated Audit Trail, LLC (CAT) and Financial Industry Regulatory Authority CAT, LLC (FINRA) remind industry members and CAT reporting agents that the deadline to request Production Readiness Certification for the CAT CAIS LTID Production Environment is Friday, April 9. …
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FINRA Requests Comment on Proposed Amendments to Margin Rule 4210
By Susan Light & Elise W. Michael on
Posted in Broker-Dealer
On March 14, the Financial Industry Regulatory Authority (FINRA) published Regulatory Notice 21-11 (Notice), which seeks comment on proposed amendments to Rule 4210 (Margin Requirements) that would clarify and incorporate into the rule current interpretations regarding when issued and other extended settlement transactions and provide relief to facilitate the application of the rule to these transactions. Comments must be received by May 14.…
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