The Futures Industry Association ("FIA") submitted a letter to the CFTC's division of market oversight seeking limited relief from reporting requirements under CFTC Rules Part 46 ("Swap Data Recordkeeping and Reporting Requirements: Pre-Enactment and Transition Swaps"). The relief would only apply to so-called "contingent" swaps, which are either immediately transformed into futures or terminated as if they had never existed. The relief requested would be available for trades occurring in the contingent EFS and EOO markets for CME Group Clearport and ICE contracts, and for energy swaps

The NFA submitted the attached comment letter to IOSCO regarding the Board's recommendations concerning the Protection of Client Assets Consultation Report. The NFA asserts generally that it believes - especially in light of the MF Global and Peregrine Financial Group ("PFG") losses - that the process to refine and improve regulatory protections must be "ongoing and constant." More specifically, the NFA states in the letter that, while it broadly supports the recommended principles set out in the Report, it has concerns regarding the means of implementation for Principle 5. (Principle 5

SIFMA submitted comments to the Rhode Island State Senate Majority Leader and Judiciary Committee expressing its concerns about proposed social media legislation, SB 493, as currently drafted. This legislation would prohibit employers from requiring that current or prospective employees provide employers with access to their personal social media accounts. SIFMA believes that SB 493 would, if enacted, conflict with the duty of broker-dealers to supervise, record and maintain business-related communications as required by both FINRA and state law. See: SIFMA Submits Comments to the Rhode Island

The NFA has released a Notice to Members to remind Member FCMs of their supervisory responsibilities with respect to Guaranteed Introducing Brokers' ("GIBs") promotional material and communications with the public. NFA Compliance Rule 2-9 ("Supervision") and the related Interpretive Notice ("Supervision of Branch Office and Guaranteed Introducing Brokers") outline an FCM's supervisory responsibilities with respect to the activities of its GIBs. The Interpretive Notice requires that NFA Members adopt written procedures regarding the use of promotional material and communications with the public

The Public Company Accounting Oversight Board ("PCAOB") is proposing a framework for reorganizing the existing interim and PCAOB-issued auditing standards into a topical structure with a single integrated numbering system. The PCAOB is also proposing certain conforming amendments to Rule 3101, Certain Terms Used in Auditing and Related Professional Practice Standards, and Rule 3200T, Interim Auditing Standards. Certain related amendments to the PCAOB auditing standards are also being proposed, as well as a proposal to rescind certain interim auditing standards which the PCAOB believes are no