The SEC adopted final rules on (i) the mandatory clearing of transactions in Treasury securities and (ii) the application of the broker-dealer customer protection rule to Treasury securities.
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The CFTC and French financial regulators have signed a Memorandum of Understanding aimed at facilitating cooperation and the exchange of information related to supervising covered institutions that operate on a cross-border basis in the United States and France.
SEC Commissioner Mark T. Uyeda warned that rapid change to securities regulations can have wide-spread consequences and that the benefits of globalizing capital markets can only be achieved through "responsible regulation."
The CFTC and Bank of England enhanced their cooperation on oversight of derivatives clearinghouses.
The SEC Division of Corporation Finance granted an India-based entity no-action relief from certain Exchange Act tender offer requirements to allow for compliance with applicable Indian law.