NFA proposed amendments to (i) expand obligations involving discretionary customer accounts, and (ii) clarify rules and interpretations on discretionary accounts, customer information, risk disclosures and bunched orders.
The House Financial Services Committee considered (i) testimony from federal banking regulators on a broad range of concerns and (ii) several proposed bills imposing additional requirements on financial institutions.
The CFTC voted to propose amending its uncleared swap margin regulations to (i) extend the implementation date of initial margin requirements, and (ii) exempt certain transactions from uncleared margin requirements.
House Agriculture Committee leadership urged federal banking regulators and the CFTC to work with the European Commission to: (i) adhere to the agreed upon timetable for implementation of rules on margin for uncleared swaps, or if that effort is unsuccessful, (ii) to coordinate a new global implementation timeline.
SIFMA's Asset Management Group published a template client document that asset managers can use to comply with new information and disclosure obligations required when onboarding clients for derivatives transactions.
The Managed Funds Association ("MFA") and the Alternative Investment Management Association ("AIMA") submitted a letter to John Ramsay, Acting Director of the SEC's Division of Trading and Markets, to express buy-side concerns with the SEC's requirements for approving individual broker-dealer/...
The Treasury's Office of Financial Research, Chairman Matthew Reed, released material focusing on the benefits of legal entity identifiers ("LEIs") to financial market participants and government regulators worldwide. LEIs are expected to be adopted by all legal entities engaged in financial market...