The SEC announced that the fees paid under Exchange Act Section 31 ("Transaction Fees") will remain at their current rate until 60 days after the enactment of a regular appropriation for the SEC. The current appropriation for the SEC is due to expire on January 15, when the continuing resolution is also set to expire. The Section 31 Fee Rate will remain at the current rate of $17.40 per million for securities transactions and the assessment on round turn transactions in security futures will remain $.00042 per transaction. The SEC is required to publish a revised fee rate 30 days after the

NASAA has released an enforcement survey which reports a significant rise in the number of licenses of "unscrupulous" stockbrokers and investment advisers withdrawn due to state action. According to the report, the number of licenses withdrawn due to state enforcement actions increased by 27 percent - from 2,796 to 3,564. NASAA stated that the increase is attributable in part to the completion of the transition of 2,100 investment advisers who switched from federal to state oversight as mandated by Dodd-Frank. Overall, the report showed that state securities regulators conducted 5,865

The Managed Funds Association ("MFA") submitted comments to the Office of the Comptroller of the Currency ("OCC"), the SEC, the Board of Governors of the Federal Reserve System ("FRB"), the Federal Deposit Insurance Corporation ("FDIC"), the Federal Housing Finance Agency ("FHFA"), and the U.S. Department of Housing and Urban Development ("HUD") on the proposal on credit risk retention, focusing specifically on its application to collateralized loan obligation ("CLO") managers. In the letter, the MFA urged the agencies to reconsider its analysis of the applicability of Dodd-Frank Section 941 (

The Futures Industry Association ("FIA") sent a comment letter to the CFTC which supported the majority of the protections in its new consumer protection rule. The FIA commended the CFTC for finalizing the rule, and stated that the "codification" of these new requirements strengthens the protections and safeguards for customers. However, the FIA expressed disapproval of the CFTC's final language on residual interest, which it believes will require far-reaching changes to industry practices that will disadvantage agricultural customers and small futures commission merchants. The FIA explained

The CFTC announced that registered entities and swap counterparties subject to CFTC swap data recordkeeping and reporting regulations concerning Legal Entity Identifiers ("LEIs") may now comply with those regulations by using any LEI issued by an LEI provider endorsed by the Regulatory Oversight Committee ("ROC") of the global LEI system. This includes the CFTC Interim Compliant Identifiers ("CICIs") issued by the CICI Utility operated by DTCC-SWIFT, the provider of LEIs designated by CFTC. Further information on global LEIs can be found on the website, leiroc.org. See: Notice Regarding LEIs