The Federal Reserve Board announced the repeal of one regulation and proposed the repeal of a second in order to comply with Dodd Frank Act statutory provisions that transferred certain consumer protection rule-writing authority to the Consumer Financial Protection Bureau.
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The CFTC granted time-limited no-action relief to Singapore Exchange Derivatives Clearing Limited from compliance with the daily position reporting requirements of CFTC Rule 39.19(b)(1).
The CFTC Energy and Environmental Markets Advisory Committee ("EEMAC") will meet on February 25, 2016 to consider a staff preliminary report regarding the swap dealer de minimis exception. EEMAC will also review a report summarizing 2015 proceedings and examine the CFTC's Proposed Order Exempting the Southwest Power Pool from Certain Provisions of the Commodity Exchange Act.
FINRA barred two brokers from the securities industry for fraudulent conduct arising from the marketing of a hedge fund.
The Consumer Financial Protection Bureau will meet on February 25, 2016 to discuss its strategic outlook and "financial well-being."