The House Financial Service Subcommittee on Capital Markets and Government Sponsored Enterprises held a hearing titled, "Legislation to Further Reduce Impediments to Capital Formation." The hearing examined seven legislative proposals: H.R. 31 The Next Steps for Credit Availability Act H.R. 1800 The Small Business Credibility Act H.R. 1973 The Business Development Company Modernization Act H.R. 2274 Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act H.R. __ To direct the SEC to revise its regulations relating to requiring the use of eXtensible Business Reporting

NASAA announced the waiver of the Investment Adviser Registration Depository ("IARD") system fees for investment adviser firms and the continuation of substantially reduced initial set-up and annual system fees paid by investment adviser representatives ("IARs"). The initial IARD set-up and renewal fee, which was originally $45 when the system became operational, will now be $10 for IARs. The IARD system is an online national database sponsored by NASAA and the SEC to provide investment advisers and their representatives with a single source for filing state and federal registration and notice

According to an MFA blog post and a Reuters news item, Commissioner Wetjen has stated that the CFTC is considering dropping its appeal to defend its current position limits rule and is nearing the completion of a revised rule, with the goal of getting "position limits in place as quickly as possible." Commissioner Wetjen laid out three different "tracks" which the position limits rule can take: (i) an appeals track through the U.S. court system; (ii) a rulemaking trade through the CFTC; or (iii) a combination of appeals and rulemaking. Click here to view blog post in full (links externally to

FINRA released a regulatory notice to solicit comments on a set of proposed rules and related forms for SEC-registered funding portals that would become FINRA members pursuant to the crowdfunding provisions of the JOBS Act. The proposed Funding Portal Rules consist of the following set of seven rules (and their related forms): Funding Portal Rule 100 (General Standards); Funding Portal Rule 110 and Forms (Funding Portal Application); Funding Portal Rule 200 (Conduct); Funding Portal Rule 300 (Compliance); Funding Portal Rule 800 (Investigations and Sanctions); Funding Portal Rule 900 (Code of

The CFTC announced the publication schedule for reports delayed by the recent U.S. government shutdown. The weekly issuance of Commitments of Traders reports will begin on October 25, 2013. The Cotton-on-Call reports will be released on a rolling schedule, as they are ready, and the CFTC expects the reports to be back on schedule by November 7, 2013. The Bank Participation Report originally scheduled for release on October 4, 2013 will be released on October 25, 2013. See: CFTC Press Release.