SIFMA Asset Management Group and the National Futures Association urged the CFTC to amend its proposal to simplify regulatory obligations for commodity pool operators and commodity trading advisors.

The FDIC introduced proposed revisions to the FDIC's requirements for stress testing of FDIC-supervised institutions, consistent with changes made by Section 401 of the Economic Growth, Regulatory Relief and Consumer Protection Act. In particular, the proposed rule would: amend the FDIC's existing stress testing regulations to increase the minimum threshold for applicability from $10 billion to $250 billion ( i.e., by eliminating two subcategories under the definition of "covered bank" and revising "covered bank" to mean a state nonmember bank or state savings association with average total

SEC Division of Economic and Risk Analysis Deputy Director Dr. Scott W. Bauguess will leave the agency. According to the SEC, Dr. Bauguess played a critical role in the SEC's regulatory impact analyses and market risk assessment projects. For the past eleven years, Dr. Bauguess led the economic analyses of rules implementing provisions of the JOBS Act and parts of the Dodd-Frank Act, among other things. Prior to joining the SEC, Dr. Bauguess was a finance faculty member of the Rawls College of Business at Texas Tech University.

FINRA provided broker-dealers with a one-day extension for making Reserve Bank Account deposits, as required under Exchange Act Rule 15c3-3, in order to accommodate the Christmas and New Year holidays. As a result of the extension, broker-dealers will be permitted to make Reserve Bank Account deposits by December 27, 2018 for the week ending on December 21, 2018, and by January 3, 2019 for the week ending December 28, 2018.

The SEC requested comments on the "nature, content and timing" of quarterly reports submitted by reporting companies. In particular, the SEC seeks feedback on the relationship between the quarterly reports that Exchange Act reporting companies are required to provide on Form 10-Q and the earnings releases they voluntarily provide on Form 8-K. The SEC stated that it wants to simplify the process by which "investors access, process, and evaluate information" ( e.g., by mitigating any burdens associated with investors' efforts to compare earnings releases and Form 10-Q to identify new information