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.

CFTC Market Participants Division Director Joshua B. Sterling will leave the agency by the end of January 2021. Deputy Director Amanda Olear will assume the role of Acting Director upon Mr. Sterling's departure.

SEC Chief Economist and Division of Economic and Risk Analysis Director S.P. Kothari will be departing the agency by the end of January 2021. DERA Deputy Director Chyhe Becker will assume the role of Acting Director.

SEC staff summarized the activities of the Fixed Income Market Structure Advisory Committee over the past year.

The CFTC Division of Clearing and Risk extended no-action relief from derivatives clearing organization registration to Shanghai Clearing House.