The Board of the International Organization of Securities Commissions ("IOSCO") published a consultation report titled "Strategic Framework for Investor Education and Financial Literacy," which describes IOSCO’s approach to promoting investor education and financial literacy, and details its strategy in both of those areas. The report also identifies practices currently used by members of the "Committee 8 on Retail Investors" to address issues in an effort to help guide the IOSCO in developing and enhancing their own investor education and financial literacy programs. Comments on the report

FINRA announced that Alternative Trading System ("ATS") transparency data is now available on its website. A list of ATS firm identifiers and their descriptions is available as well as an ATS Website User Guide to assist users in navigating the website. See: Press Release; ATS Website; ATS Website User Guide; List of ATS Firm Identifiers; FINRA ATS Product Page.

The U.S. Treasury Department ("Treasury") announced on May 30, 2014 that Barbados and the United Arab Emirates ("UAE") agreed in substance to a Model 1 Intergovernmental Agreement ("IGA") to implement FATCA. Sixty-eight countries to date either signed or agreed in substance to the terms of an IGA. Treasury previously announced that any jurisdiction reaching an "agreement in substance" with the United States for an IGA by July 1, 2014 would be treated as having an IGA in effect through December 31, 2014, even if the IGA is not signed. Russia, China, Saudi Arabia, Greece, Turkey, Monaco, Egypt

The SEC approved a FINRA-proposed rule change to adopt FINRA Rule 4553, which establishes a fee schedule for alternative trading system volume information. Under the new rule, a year's subscription would cost $12,000 for professionals and $18,000 for vendors. Nonprofessionals would be provided with a non-downloadable version of the volume information at no cost. See: SEC Approval Order. See also: FINRA Announces ATS Data Website.

The CFTC vacated New York Portfolio Clearing LLC's ("NYPC") request of registration as a derivatives clearing organization ("DCO") in conjunction with the transfer of its open interest to ICE Clear Europe Limited. The CFTC's issued Order will be effective 10 business days after the successful transfer of open interest from NYPC to ICE Clear Europe Limited and in any event, no earlier than June 23, 2014. See: Order of Vacation of Registration as a DCO: New York Portfolio Clearing LLC.