The CFTC issued a comment request relating to a petition submitted by ICE Clear Europe Limited ("ICE Clear Europe") for an order regarding CEA Section 4d(a) ("Dealing by unregistered futures commission merchants or introducing brokers prohibited; duties in handling customer receipts; rules to avoid duplicative regulations"). The petition requests that the CFTC amend an earlier order dated May 30, 2014. The May 30, 2014 order permitted ICE Clear Europe and its clearing members that are registered futures commission merchants ("FCMs") to: Commingle in an account subject to Section 4d(a) (a

The CFTC Division of Clearing and Risk issued three separate no-action letters providing relief from the written acknowledgement requirements in CFTC Rules 1.20 ("Futures Customer Funds to be Segregated and Separately Accounted For") and 22.5 ("Futures Commission Merchants and Derivatives Clearing Organizations: Written Acknowledgement"). The letters provide time-limited no-action relief to Chicago Mercantile Exchange Inc., ICE Clear Europe Limited, and LCH.Clearnet Limited, respectively. Each of the letters provide additional time for the CFTC and the depositories to develop procedures that

The CFTC Division of Swap Dealer and Intermediary Oversight ("DSIO") issued time-limited no-action relief to futures commission merchants ("FCMs") regarding the CFTC requirement that FCMs obtain an acknowledgement letter from certain depositories that hold customer funds. The relief is necessary to provide additional time to finalize the depositories' access agreements with the CFTC, until October 17, 2014. In the letter, the DSIO provided additional time for FCMs to comply with CFTC Rules 1.20(d)(3)(i) and (ii) ("Futures Customer Funds to be Segregated and Separately Accounted For"), 1.26 (

SEC Division of Investment Management Director Norm Champ delivered remarks at the Insured Retirement Institute Government Regulatory Conference. In his speech, Director Champ discussed the SEC's efforts to monitor industry trends and enhance communications between the SEC staff and industry participants. Director Champ explained that the SEC strives to monitor industry trends through a variety of sources. Among these sources, Director Champ pointed to: (i) reviewing disclosure filings for new products, (ii) examining requests for exempting relief, and (iii) engaging directly with executives

The SEC held a public meeting of the Investor Advisory Committee. The meeting addressed the tick size pilot program and the definitions of "accredited investor" and "elder fraud," and included a briefing by SEC staff on market structure and the proposed Market Structure Advisory Committee.