The SEC issued a notice soliciting comments about the extension of the collection of information under Investment Company Act Rule 10f-3 ("Exemption for the Acquisition of Securities during the Existence of an Underwriting or Selling Syndicate"). The notice was published in the Federal Register. Section 10(f) of the Investment Company Act prohibits a registered investment company ("fund") from purchasing any security during an underwriting or selling syndicate if the fund has certain relationships with a principal underwriter for the security. Rule 10f-3 permits a fund to engage in a

The SEC issued a notice soliciting comments about extending the collection of information required by Investment Company Act Rule 17g-1, which governs the fidelity bonding of officers and employees of registered management investment companies ("funds") and their advisers. The notice was published in the Federal Register. According to the SEC, the 17g-1 recordkeeping and filing requirements are designed to (i) ensure the safety of fund assets against losses due to the conduct of persons who may obtain access to those assets, (ii) facilitate the oversight of a fund's fidelity bond, and (iii)

ISDA published a paper that set out principles intended to promote regulatory consistency in the development and application of centralized trading rules for derivatives. Although the execution of rules regarding standardized derivatives on an exchange or electronic trading platform was a key objective from the G-20 summit in 2009, ISDA stated, it is concerned about the potential for divergent applications of the rules in different jurisdictions. According to ISDA research, global liquidity pools have evidenced fragmentation since the U.S. swap execution facility rules came into force in

MFA filed a position paper with the CFTC. The paper is titled "Why Eliminating Post-Trade Name Disclosure Will Improve the Swaps Market" and argues that revealing the names of counterparties to anonymously executed, cleared swap execution facility ("SEF") trades "undermines Dodd-Frank Act goals." According to MFA, there is "no commercial, operational, credit, or legal justification" for the legacy practice of post-trade name disclosure to continue on SEFs that offer the anonymous execution of cleared swaps. MFA stated that eliminating post-trade name disclosure will "increase the diversity

The CFTC announced its filing of a civil enforcement complaint (the "Complaint") against Kraft Foods Group, Inc. and Mondelēz Global LLC (together, the "Companies") for the manipulation and attempted manipulation of wheat futures and cash wheat prices. According to the Complaint, the Companies violated speculative position limits by holding wheat futures positions in excess of the speculative position limits established by the CFTC and the Chicago Board of Trade ("CBOT") without a valid hedge exemption or bona fide hedging need. The Companies also allegedly engaged in numerous noncompetitive