The SEC took a number of actions to address substituted compliance determinations for security-based swap dealers, including (i) amending orders previously granted covering Germany, France and the United Kingdom, and (ii) adopting an additional determination for Spain.

The SEC issued an Order specifying the conditions that a non-U.S. security-based swap dealer relying on substituted compliance must satisfy when filing certain financial reports.

The SEC and the European Central Bank entered into a Memorandum of Understanding, setting forth the terms for consultation, cooperation and the exchange of information between the regulators in the oversight of certain security-based swap dealers.

The SEC issued a final substituted compliance order for security-based swap dealers regulated by German authorities and a proposed substituted compliance order for SBSDs regulated by French authorities.

The SEC is seeking comment on a proposed substituted compliance determination for German firms that register as security-based swap dealers.

The G7 competition authorities presented a paper reflecting a common understanding on "how competition plays out in the digital economy."

The CFTC issued three related no-action letters that, taken together, permit Eurex Clearing AG ("Eurex"), a registered derivatives clearing organization ("DCO") located in Europe, to clear swap transactions on behalf of U.S. customers of futures commission merchants ("FCMs"). In CFTC Letter 18-30...

The SEC has charged global food processor company Archer-Daniels-Midland for failing to prevent illicit payments made by foreign subsidiaries to Ukrainian government officials in violation of the Foreign Corrupt Practices Act ("FCPA"). An SEC investigation found that the company's subsidiaries in...