NFA issued a notice regarding the amendment to Compliance Rule 2-49 ("Swap Dealers and Major Swap Participants Regulations") on risk exposure filing requirements for swap dealers ("SDs") and major swap participants ("MSPs"). The amendment requires that SDs and MSPs provide any reports, documents, or notices, including those required by CFTC Rule 3.3 ("Chief Compliance Officer") or CFTC Rules Part 23 ("Swap Dealers and Major Swap Participants") to the NFA upon request. According to the notice, NFA intends to make the rule amendment effective "in the very near future." Beginning September 30

ISDA submitted a letter to the Basel Committee on Banking Supervision and IOSCO in which it voiced concerns about the timing issues for margin rules for uncleared swaps. ISDA suggested that the implementation date of the proposed rules should be delayed and that the requirements for variation margin should be phased in over time. ISDA argues that the initially-proposed effective date of December 2015 is too early, citing significant issues in implementing EU proposals and the time needed for the rulemaking process to run its course in various countries around the world. ISDA requested a period

FINRA issued a Regulatory Notice regarding SEC approval of several FINRA amendments including FINRA Rules 6700 series, FINRA Rule 7730 and the TRACE dissemination protocols to disseminate additional transactions in asset-backed securities. In addition, the Notice reflected shortened time periods for reporting. Specifically, the amendments add new defined terms and revise existing terms to identify the class of securities as to which trading information will be subject to dissemination. The amendments largely serve to divide those securities that are now defined as "Asset-Backed Securities"

The CFTC Divisions of Clearing and Risk, Market Oversight, and Swap Dealer and Intermediary Oversight issued a no-action letter to Southwest Power Pool that extends the relief previously granted by the CFTC in prior no-action letter 14-18. Specifically, the letter provides exemptive relief pursuant to CEA Section 4(c)(6) (exemptions from trading on an exchange) from certain CEA provisions and CFTC rules for specified transactions that are offered or entered into pursuant to Southwest Power Pool's FERC-approved tariff. These transactions are offered on Southwest Power Pool's Integrated

The Board of Governors of the Federal Reserve System ("FRB") issued a request for comment on its proposal to repeal the credit practices rules in Regulation AA (Unfair or Deceptive Acts or Practices). Additionally, the FRB, Office of the Comptroller of the Currency, the CFPB, the FDIC, and National Credit Union Administration issued guidance regarding the repeal. The guidance clarifies that the repeal of credit practices rules applicable to banks, savings associations, and federal credit unions does not mean that the unfair or deceptive acts or practices described in those former regulations