SEC Commissioner Hester M. Peirce called on the SEC to consider alternative methods when addressing compliance infractions rather than resorting to enforcement proceedings. In remarks at the National Membership Conference of the National Society of Compliance Professionals, Ms. Peirce stated that enforcement resources should not be used on relatively minor compliance infractions, but should be saved for more serious matters. Ms. Peirce advocated for a more "subtle" approach to resolving compliance infractions, such as building norms that foster compliance, as opposed to initiating "formal

The SEC made a correction to Form ATS-N, a form relating to disclosure requirements for alternative trading systems that trade in National Market System stocks ("ATSs"). The technical correction, which amends a citation in Form ATS-N, is effective as of November 13, 2018.

The CFTC final rule amending the definition of "swap dealer" was published in the Federal Register. The rule is effective as of November 13, 2018. As previously covered, the final rule sets the de minimis aggregate gross notional amount threshold level at $8 billion in swap-dealing activity entered into by a person over the preceding 12-month period. The current rule provides for a threshold of $3 billion, subject to a "phase-in" amount of $8 billion.

The U.S. Department of the Treasury Office of Foreign Assets Control extended certain General Licenses concerning Ukraine-related entities on the Specially Designated Nationals and Blocked Persons list.