The Board of the International Organization of Securities Commissions issued guidance intended to "increase the consistency and quality" of the reporting by Benchmark Administrators on their compliance with IOSCO's Principles for Financial Benchmarks, published in July 2013.

New SRO rules, rule proposals and NMS plans were announced by the SEC. Click on the links to view SEC notices of exchange rule changes and proposals for the week of December 12 – December 16.

The Board of Governors of the Federal Reserve System adopted a final rule intended to help government authorities "resolve in an orderly way the largest domestic and foreign banks operating in the United States without any support from taxpayer-provided capital."

The CFTC Division of Clearing and Risk issued a no-action letter relating to the implementation of mandatory clearing regimes in Australia and Mexico. The relief comes in response to a letter from ISDA requesting that certain provisions of the exemption from the swap clearing requirement for affiliated counterparties be available for swaps executed between certain U.S. swap market participants and their affiliated counterparties located in Australia, Canada, Hong Kong, Mexico, Singapore, or Switzerland.

The Office of the Comptroller of the Currency ("OCC") issued a final rule to remove "outdated or otherwise unnecessary" rules with the effect of reducing regulatory burden on national banks and federal savings associations. The final amendments – effective on January 1, 2017 – are part of the OCC's decennial review of its rules as required by the Economic Growth and Regulatory Paperwork Reduction Act of 1996.