The U.S. House of Representatives Committee on Financial Services held an organizational meeting to adopt its own rule package and announce Committee assignments for Republican members. The following Republican members were selected to lead the Committee: Full Committee Vice Chair: Patrick McHenry (R-NC); Republican Whip: Steve Stivers (R-OH); Republican Deputy Whip: Ann Wagner (R-OH); Chairman of Subcommittee on Capital Markets and Government Sponsored Enterprises: Scott Garrett (R-NJ); Chair of Subcommittee on Financial Institutions and Consumer Credit: Randy Neugebauer (R-TX); Chair of

MetLife, Inc. announced that it intends to file an action in the U.S. District Court for the District of Columbia to overturn the designation by the Financial Stability Oversight Council ("FSOC") of the company as a non-bank systemically important financial institution ("SIFI"). Dodd-Frank Section 113(h) provides that any company designated as a SIFI may petition the federal courts for an order requiring that the final determination be rescinded. Chair, President and CEO of MetLife Steve Kandarian stated that "FSOC's designation of MetLife is premature. FSOC has designated non-bank SIFIs

BATS Global Markets proposed several market structure initiatives that would, among other things, implement tiered market access fees depending on an individual security's average daily volume. See: BATS Press Release.

The SEC adopted two new sets of rules (the "rules") that will require security-based swap data repositories ("SDRs") to register with the SEC and that prescribe the reporting and public dissemination of security-based swap transaction data. The rules – Regulation SDR and Regulation SBSR – also set forth other requirements with which SDRs must comply, as well as provide an exemption from registration for certain non-U.S. SDRs when specific conditions are met. Regulation SDR governs the registration process for security-based swaps data repositories, assigning duties and core principles, as well

The Office of the Comptroller of the Currency ("OCC") issued an updated booklet, titled "Conflicts of Interest." The booklet is part of the Comptroller's Handbook. The booklet, which replaces a booklet of the same title issued in June 2000, was revised to include the supervision of federal savings associations and provides updated guidance for examiners on the risks and expected controls over conflicts of interest that may arise in management activities. See: Conflicts of Interest Booklet; OCC Press Release.