The CFTC Division of Swap Dealer and Intermediary Oversight clarified the necessary elements of reporting line requirements for chief compliance officers. It also outlined supervisory relationships that chief compliance officers may maintain with senior management other than the board or the senior officer.

The Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau and the Office of the Comptroller of the Currency proposed amendments to the official interpretations of regulations that establish special appraisal requirements for "higher-risk mortgages."

FINRA proposed a rule change to clarify the operation of the Regulation NMS Plan to Address Extraordinary Volatility following a trading pause or regulatory halt.

FINRA reminded customers, associated persons and member firms of the right to request arbitration at a FINRA arbitration forum at any time, notwithstanding any "pre-dispute agreement" that contains a forum selection provision.

New SRO rules, rule proposals and NMS plans were announced by the SEC. Click on the links below to view the SEC's notices of exchange rule changes and proposals for the week of July 18 – July 22.