The CFTC announced that it will hold its first SmartCheck SM Week from April 6 to April 12, 2015. During this period, CFTC staff will endeavor to enable and encourage investors to check the backgrounds of financial professionals before investing money.

The CFTC Division of Swap Dealer and Intermediary Oversight issued no-action relief regarding compliance by swap dealers with regulations that concern, among other things, business conduct and trading documentation. The no-action relief was issued in connection with swaps entered into by structured finance special purpose vehicles prior to October 10, 2013. The relief was granted in response to a request by the Structured Finance Industry Group. It is subject to further conditions specified in the letter. See: CFTC Letter 15-21; CFTC Press Release.

The CFTC Division of Swap Dealer and Intermediary Oversight issued five separate no-action letters to CPOs regarding the reporting requirements in CFTC Rules 4.22 and 4.7. In letters 15-16, 15-17 and 15-18, the CFTC granted no-action relief to three CPOs of commodity pools from Rule 4.22(d), which requires that the financial statements included in the pool's annual report be audited. Additionally, in letters 15-19 and 15-20, the CFTC granted no-action relief to two CPOs of commodity pools that operate pursuant to an exemption under Rule 4.7(3). The relief allows the CPOs to file 14-month

SIFMA submitted a letter in response to the SEC's revised request for comments regarding Exchange Act Rule 15c2-12. SIFMA expressed its concern about what it considers to be "gross inaccuracies" in the Current Notice and the Original Notice of the SEC's time estimates for compliance with the rule. In addition, SIFMA noted what it characterized as the "failure of the SEC to estimate the [r]ule's primary disclosure compliance burdens, as separate and distinct from its secondary market compliance burdens." See : SIFMA Comment Letter. See also: MSRB Urges SEC to Revisit Municipal Securities Market

The SEC issued a notice soliciting comments about the extension of information collected from funds under Investment Company Act Rule 12d1-1 ("Exemptions for Investments in Money Market Funds"). Under Investment Company Act Section 12(d), an investment company ("fund") generally is limited in the amount of securities that it may acquire from another fund. Rule 12d1-1 provides an exemption from these limitations for "cash sweep" arrangements, in which a fund invests all or a portion of its available cash in a money market fund ("MMF") rather than directly in short-term instruments. Rule 12d1-1