The Board of Governors of the Federal Reserve System ("Federal Reserve") and the Federal Deposit Insurance Corporation ("FDIC") released a model template for tailored resolution plans. Dodd-Frank requires that bank-holding companies with total consolidated assets of $50 billion or more and nonbank financial companies designated for enhanced prudential supervision by the Federal Stability Oversight Council submit resolution plans to the Federal Reserve and the FDIC. Firms are not required to use the model form. See: Model Template; Federal Reserve and FDIC Press Release.

The Basel Committee on Banking Supervision and the International Organization of Securities Commissions ("IOSCO") released the final framework for margin requirements for non-centrally cleared derivatives. Under these global standards, all financial firms and systemically important non-financial entities that engage in non-centrally cleared derivatives will have to exchange initial and variation margin commensurate with the counterparty risks arising from such transactions. Below are key principles set out in the framework. Appropriate margining practices should be in place with respect to all

The CFTC issued an Order filing and settling charges against Macquarie Futures USA LLC for a one-day technical miscue that resulted in the firm's maintaining customer funds in the incorrect bankruptcy-protected account, violating CFTC Regulation 30.7 and resulting in a penalty of $150,000. The violation occurred in connection with the conversion of certain off-exchange instruments into on-exchange products. On October 15, 2012, ICE Clear Europe had converted its existing OTC swaps and options to U.S. exchange-listed futures and options to be listed for trading on ICE Futures U.S. Energy

The SEC today announced that, in fiscal year 2014, the fees that public companies and other issuers pay to register their securities with the Commission will be set at $128.80 per million dollars. The Commission determined this new rate in accordance with procedures required under the securities laws. See: SEC Order; SEC Press Release.

The SEC announced that three whistleblowers have been awarded more than $25,000 combined for tips and information which they provided to help the SEC and the Justice Department stop a sham hedge fund. The order states that two of the whistleblowers provided information that prompted the SEC to open an investigation and stop the scheme before more investors were harmed. The third whistleblower identified key witnesses and confirmed information the other two whistleblowers provided. See: SEC Order; SEC Press Release.