IOSCO issued its Update to Survey on the Principles for the Regulation and Supervision of Commodity Derivatives Markets ("Principles"), which updates its 2012 review of the implementation of IOSCO's Principles for Commodity Derivatives Markets. According to the survey, a majority of the respondents in the 2014 update were "broadly compliant" with the Principles. See: Update to Survey on the Principles for the Regulation and Supervision of Commodity Derivatives Markets. See also: Survey on the Principles for the Regulation and Supervision of Commodity Derivatives Markets (2012 Report).

IOSCO issued a proposed Statement on Non-GAAP Financial Measures, which sets out IOSCO's expectations for issuers with respect to their presentation of financial measures other than those prescribed by Generally Accepted Accounting Principles ("GAAP"). According to IOSCO, non-GAAP financial measures provide additional insight into an issuer's financial performance, financial condition and/or cash flow. IOSCO stated, however, that problems can arise when non-GAAP financial measures are presented inconsistently or defined inadequately, or when they obscure financial results that are determined

IOSCO issued a report titled Implementation of the Principles for Oil Price Reporting Agencies, which reviews the implementation of the IOSCO Oil Price Reporting Agencies ("PRA") Principles during the 18 months after their publication in October 2012. IOSCO's report found that the implementation of the IOSCO Oil PRA Principles remains an ongoing process, but that good progress was made during the first year of implementation. The report found that certain aspects of the implementation warrant further examination, including additional monitoring of the risks relating to the quality and quantity

FINRA filed a proposed rule change with the SEC to adopt FINRA Rule 2040 and amend FINRA Rule 8311. FINRA proposed to adopt FINRA Rule 2040 regarding members' payment of transaction-based compensation to unregistered persons, which incorporates NASD Rule 1060 and streamlines the provisions of NASD Rules 2410 and 2420 and NYSE Rules 353 and 345. In addition, FINRA proposed to amend Rule 8311 in order to eliminate duplicative provisions of NASD IM-2420-2, and to adopt the requirements of NASD IM-2420-1(a) as FINRA Rule 0190. S ee: Text of Proposed Rule Change.

The CFTC announced the sponsors of Advisory Committees that were created to seek input and make recommendations to the CFTC on a variety of regulatory and market issues that affect the integrity and competitiveness of U.S. markets. The sponsors include: Chairman Tim Massad, as sponsor of the Agricultural Advisory Committee, which advises the CFTC on matters involving the trading of agricultural commodity futures, options and swaps, and facilitates communications among the CFTC, the agricultural community and agriculture-related organizations; Commissioner J. Christopher Giancarlo, as sponsor