The Committee on Payments and Market Infrastructures ("CPMI") and IOSCO published a consultative report, titled "Harmonisation of the Unique Transaction Identifier." The report is a response to the Financial Services Board's request that CPMI and IOSCO develop global guidance on the harmonization of data elements that are reported to trade repositories and are important for the aggregation of data by authorities, including the Unique Transaction Identifier ("UTI") and Unique Product Identifiers. Comments on the report must be submitted by September 30, 2015. See: "Harmonisation of the Unique

According to the Alternative Investment Fund Management Association ("AIMA"), the global hedge fund industry association, the Cayman Islands is confident that "the pan-European marketing 'passport' will be extended to alternative investment funds (AIFs) set up in the jurisdiction." AIMA stated that the passport should be granted "in the interests of institutional investors in Europe and hedge fund managers globally." "Cayman, where a high percentage of offshore hedge funds are registered, still awaits assessment by the European Securities and Markets Authority." See: AIMA Press Release:

In order to further review "efforts employed by firms to identify, mitigate and manage conflicts of interest," FINRA requests responses to nineteen questions related to conflicts and compensation. The questions address only the treatment of "retail accounts," which are defined as accounts that are not institutional accounts under FINRA Rule 4512. The questions are concerned with compensation issues primarily; e.g., how representatives are compensated for particular products and how that compensation is structured. The questions demonstrate FINRA's concern over how compensation structures

A provisionally registered swap dealer agreed to a settlement of CFTC charges against it for failing to diligently supervise the traders in one of its subsidiary groups. The CFTC stated that this enforcement action was the first in which it charged a party with violations of CFTC Regulation 23.602, which imposes supervision standards specifically applicable to swap dealers. The CFTC found that the swap dealer: (i) provided inadequate oversight of the traders in its subsidiary group; (ii) lacked adequate policies and procedures to ensure that the discretionary trading of customer accounts was

The CFTC issued an order of exemption from registration as a derivatives clearing organization ("DCO") to ASX Clear (Futures), an Australian clearinghouse. The CFTC noted that this was the first order it has issued based on its authority under CEA Section 5b(h) ("Derivatives Clearing Organizations"), which provides that the CFTC may grant an exemption to a non-U.S. clearing organization if it "determines that the [non-U.S.] derivatives clearing organization is subject to comparable, comprehensive supervision and regulation by . . . appropriate government authorities in the home country of the