The NFA issued a notice to members announcing that information from the modified Segregated Investments Detail Reports ("SIDR") will be included on the Background Affiliation Status Information Center ("BASIC") page of each futures commission merchant ("FCM") beginning with the November 17, 2014 SIDR filing. In November 2013, the CFTC amended Rules 1.32, 30.7(l) and 22.2(g) to require FCMs to file semi-monthly reports that include the information required by the SIDR, as well as the amount of customer funds held at clearing organizations and brokers, the amount of customer-owned securities

Futures Industry Association ("FIA") General Counsel Barbara Wierzynski announced her departure from the FIA at the end of 2014. Effective January 1, 2015, Allison Lurton will become the new FIA general counsel. Pantano Comment: Barbara Wierzynski has been a persuasive and tireless advocate for FIA members for three decades. I have never known anyone who worked harder than Barbara has throughout her impressive career. She is and will continue to be a respected and well-liked colleague of everyone in the derivatives industry. See: Press Release.

FINRA filed a proposed rule change with the SEC to update cross-references and make other non-substantive changes to FINRA rules, primarily as a result of new consolidated FINRA rules. See: Text of Proposed Rule Changes.

At an open meeting, the CFTC approved rule proposals regarding (i) the residual interest deadline and (ii) recordkeeping relating to commodity interest and related cash or forward transactions, as well as a proposed interpretation related to forward contracts with embedded volumetric optionality. The proposed rule on the Residual Interest Deadline in Rule 1.22 ("Use of Futures Customer Funds Restricted") was approved by a unanimous vote. The amendment would remove the December 31, 2018 termination date from the phased-in compliance schedule for futures commission merchants, and provide

The FDIC announced the appointment of Barry C. West as Chief Information Officer ("CIO") and Barbara Hagenbaugh as Deputy to the Chairman for Communications. Mr. West will begin his new role on December 1, 2014, and currently serves as the CIO and Deputy Chief Management Officer for the Pension Benefit Guaranty Corporation. Ms. Hagenbaugh will begin on November 17, 2014, after working for more than five years as a principal spokesperson and senior media relations specialist for the Board of Governors of the Federal Reserve System. See: FDIC Press Release.