In light of recent volatility in the currency markets, the NFA issued a Notice indicating an increase in the minimum security deposits required to be collected and maintained by forex dealer members under NFA Financial Requirements Section 12 for transactions involving a number of other currencies. The NFA previously increased the minimum security deposits of the Swiss franc, Swedish krona, and Norwegian krone. It has also determined to increase the minimum security deposits for: Japanese yen to 3 percent; Australian dollar to 3 percent; Russian ruble to 20 percent; Brazilian real to 9 percent

The NFA issued a notice announcing the newly elected members of its Board of Directors and 2015 Nominating Committee. See: NFA Notice I-15-06.

In the keynote address before the Monetary Authority of Singapore, CFTC Chair Massad continued to advocate for cross-border harmonization. Chair Massad reiterated his belief that the G-20's agreements to reform the swaps market can only go so far, explaining that it is incumbent upon regulators to develop rules that implement the G-20's commitments. He also stated that the best way to continue to grow domestic and international financial markets is to create a sound regulatory framework, which must "bring transparency, integrity, and oversight, but, at the same time, provide predictability to

The NFA issued a notice informing swap dealers ("SDs") and major swap participants ("MSPs") that, beginning with the Chief Compliance Officer ("CCO") Annual Reports for the fiscal year ended October 31, 2014, SDs and MSPs are required under NFA Compliance Rule 2-49 ("Swap Dealers and Major Swap Participants Regulations") to submit the CCO Annual Report to the NFA and the CFTC. In a separate press release, the CFTC announced that these CCO Annual Reports required under CFTC Rule 3.3(f) ("Chief Compliance Officer") should be submitted through the WinJammer TM system. Under CFTC No-Action Letter

The CFTC announced an opportunity for public comment on the proposed collection of information regarding requirements relating to the registration process for swap dealers and major swap participants. Comments must be submitted by March 24, 2015. See: 80 FR 3567.