The MSRB's approved amendments (i) defining "regular-way settlement" to mean a two-day settlement cycle for municipal securities after the trade date ("T+2"), and (ii) revising MSRB Rules G-12 ("Uniform Practice") and G-15 ("Confirmation, Clearance, Settlement and Other Uniform Practice Requirements").

The Board of Governors of the Federal Reserve System proposed a rule that would subject global systemically important bank holding organizations and their subsidiaries to restrictions concerning the terms of their non-cleared qualified financial contracts.

Multiple regulators proposed a rule to implement a net stable funding ratio requirement for large and internationally active banking organizations. The ratio requirement enables regulators to identify covered companies that have heightened liquidity risk profiles that could pose significant risks to U.S. financial stability.

FINRA proposed amendments to arbitration procedure codes that clarify monetary offsets in arbitrator damage award determinations.

The SEC adopted final amendments to implement the Jumpstart Our Business Startups Act and the Fixing America's Surface Transportation Act.