Following the U.S. Government's action on Friday, April 11, 2014 to impose travel bans and asset freezes on a limited number of additional Crimean individuals and entities, Canada announced on Saturday that it had named two of the same individuals – Mikhail Malyshev and Valery Medvedev – to its own sanctions list. Those individuals were named to EU and U.K. sanctions lists on March 21, 2014. Like the United States, Canada also imposed sanctions against Chernomorneftegaz, a subsidiary of the Ukrainian state-owned Naftogaz oil and gas company that was seized by the breakaway Crimean parliament

SIFMA, the American Bankers Association ("ABA"), the American Council of Life Insurers ("ACLI"), the Investment Company Institute ("ICI"), and the SPARK Institute, Inc. ("SPARK") (collectively, the "Agencies") submitted comments to the Office of Management and Budget ("OMB") with regard to the amendment proposed on March 12, 2014 by the Department of Labor ("DOL") concerning fee disclosures. The comment letter focused on a proposed amendment to the Information Collection Request ("ICR"). The DOL proposal would amend the ERISA regulation 408(b)(2), requiring that certain service providers to

The NFA issued a notice to members addressing Internet security concerns surrounding the "Heartbleed" bug. The NFA stated that it has examined its systems and determined that the NFA website (including the ORS and EasyFile systems) is not vulnerable to the Heartbleed security flaw. See: NFA Notice I-14-10.

The Financial Stability Board ("FSB") published the seventh of its semiannual progress reports on the implementation of OTC derivatives market reforms. The seventh report found that substantial progress has been made toward meeting the G20 commitments, through (i) international policy development, (ii) jurisdictions' adoption of legislation and regulation and (iii) expansion in the use of market infrastructure. Additionally, the report identified several areas in which further work was needed. In particular, Agencies were urged to: put in place their remaining legislation and regulation

FINRA filed with the SEC a proposed rule change to adopt FINRA Rule 2081, which would permit member firms and associated persons from conditioning or seeking to condition the settlement of a dispute with a customer on, or otherwise to compensate the customer for, the customer's agreement to consent to, or not to oppose, the firm's or associated person's request to expunge such customer dispute information from the Central Registration Depository ("CRD"). Specifically, FINRA Rule 2081 would provide that no member or associated person shall condition or seek to condition the settlement of a