On September 9, the Climate-Related Market Risk Subcommittee of the Market Risk Advisory Committee of the Commodity Futures Trading Commission released a comprehensive report addressing potential risks to the financial system arising from, or related to, climate change. The report is the first of its kind from a US financial regulator. Its findings and recommendations are wide-ranging, frequently extending beyond the CFTC’s remit.
Continue Reading CFTC Subcommittee Releases Report on Managing Climate Risk in the US Financial System

The Commodity Futures Trading Commission will hold an open meeting on September 17, from 10:00 a.m. to 3:00 p.m. ET, to consider adopting several final rules, including with respect to:

  1. registration with alternative compliance for non-US derivative clearing organizations;
  2. amendments to real-time public reporting requirements under the CFTC’s Part 43 rules;
  3. amendments to swap data recordkeeping and reporting requirements under the CFTC’s Part 45 rules; and
  4. amendments to the CFTC’s regulations relating to certain swap data repository and data reporting requirements.


Continue Reading CFTC to Hold an Open Commission Meeting on September 17

On July 22, the Securities and Exchange Commission announced the adoption of amendments (the Amendments) to the SEC’s rules governing proxy solicitations that are intended to “facilitate the ability of those who use proxy voting advice — investors and others who vote on investors’ behalf — to make informed voting decisions without imposing undue costs or delays that could adversely affect the timely provision of proxy voting advice.” The Amendments represent a modified version of the amendments the SEC originally proposed in November 2019, which were previously discussed in the November 8, 2019 edition of Corporate & Financial Weekly Digest.
Continue Reading SEC Adopts Amendments and Issues Guidance Related to Proxy Voting Advice

On July 20, the Financial Industry Regulatory Authority (FINRA) issued Regulatory Notice 20-25, amending its Codes of Arbitration Procedure for Customer and Industry Disputes. These amendments will apply certain minimum fees where associated persons (or those acting on their behalf) request that customer dispute information be expunged from Central Registration Depository (CRD). These minimum fees

On April 24, at the request of the National Futures Association (NFA), the staff of the Commodity Futures Trading Commission (CFTC) issued a no-action letter providing regulatory relief to principals of registrants and applicants for associated person (AP) registration with respect to submission of fingerprint cards.
Continue Reading CFTC and NFA Issue Temporary No-Action Relief for Principal or Associated Person Listings/Registrations

On April 28, Commissioner Brian D. Quintenz of the Commodity Futures Trading Commission (CFTC) announced that he will not seek re-nomination for another five-year term as a Commissioner. While his statutory term expires in April, he intends to remain in his role until the earlier of (1) October 31 or (2) confirmation of his successor.
Continue Reading CFTC Commissioner Brian D. Quintenz Announces End of His Term

The Commodity Futures Trading Commission (CFTC) will hold an open meeting on April 14 from 10:00 a.m. to 1:00 p.m. (ET) to consider several proposed amendments to its rules, including: (1) proposed amendments to the CFTC’s Part 190 bankruptcy regulations; (2) compliance requirements for commodity pool operators on Form CPO-PQR; and (3) proposed amendments to the CFTC’s Part 50 rules addressing clearing requirements for central banks, sovereigns, international financial institutions, bank holding companies and community development financial institutions.
Continue Reading CFTC to Hold an Open Commission Meeting on April 14