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SIFMA submitted comments to the MSRB regarding the delayed compliance date for the first Form G-45 filings that are required under MSRB Rule G-45 ("Reporting of Information on Municipal Fund Securities"). SIFMA advised the MSRB to focus on the quality of the filing system itself as opposed to the speed of its implementation. See: SIFMA Comment Letter; MSRB Rule G-45. Related news: MSRB to Collect Additional Data Regarding 529 College Savings Plans (Reg. Notice 2014-03) (February 17, 2015); SEC Approves MSRB Rule G-45 as Modified by Amendment No. 1 (February 24, 2014).

The SEC's revisions to the EDGAR Filer Manual and related rules were published in the Federal Register. The revisions reflect updates to the EDGAR system. The revisions add new submission form types N-CR and N-CR/A for the Current Report of Money Market Fund Material Events. Additionally, they update submission form types ABS-15G and ABS-15G/A for asset-backed securities reporting based on Rule 15Ga-2. Although the EDGAR system is scheduled to be upgraded to support this new functionality on June 15, 2015, the effective date of the revisions is June 29, 2015. See: 80 FR 36913 .

The SEC approved two rulemaking proposals at its open meeting about the modernization of investment company and investment adviser reporting. The proposals pertained to the reporting and disclosure of information. Investment Adviser Act Rule Changes, Including to Form ADV The following aspects of the changes are most relevant to investment advisers: (i) The changes would require an investment adviser to provide additional general information about its business, such as the physical locations where its employees are based, how the firm's CCO is compensated, how the firm uses Web sites and

The SEC issued a notice soliciting comments regarding the extension and approval of its "risk assessment rules". These rules address the collection of information required by Exchange Act Rules 17h-1T and 17h-2T. The SEC plans to submit the collection of information rules to the Office of Management and Budget ("OMB") for extension and approval. According to the SEC, the collection of information required by Exchange Act Rules 17h-1T and 17h-2T, referred to as the "risk assessment rules," is necessary to enable the SEC to "monitor the activities of a broker-dealer affiliate whose business

The CFTC Division of Market Oversight ("DMO") issued a time-limited no-action letter that provides additional time for parties to comply with certain reporting requirements of the ownership and control final rule ("OCR Final Rule") under CFTC Rules Part 17, Part 18 and Part 20. Specifically, DMO granted relief from the requirement to file trader identification and reporting forms electronically, and to provide certain additional information required by the OCR Final Rule. DMO stated that it issued the no-action relief to provide market participants additional time to build and test systems for