Commentary by Bob Zwirb
The CFTC Division of Swap Dealer and Intermediary Oversight granted no-action relief to a University from CPO and CTA registration requirements in relation to management of its endowment fund and certain planned giving arrangements.
FINRA filed a proposed rule change that would delay the effective date of amendments to FINRA Rule 4210 (margin) from December 15, 2017 to June 25, 2018.
U.S. Senate Finance Committee members and industry experts debated recommendations on business tax reform.
The CFTC launched an updated online filing portal to submit CFTC Form 40 (Statement of Reporting Trader).
The FDIC reminded financial institutions of a proposed rulemaking that would shorten the standard settlement cycle from T+3 to T+2 for securities sold and purchased by banks.