The CFTC's Division of Market Oversight (DMO) issued an Advisory reminding market participants that as per CFTC Rules Parts 43and 45, swap dealers (SDs) were required to begin reporting data regarding equity, foreign exchange and other commodity swaps on February 28, 2013. Additionally, SDs must be in compliance with their reporting obligations with respect to historical swaps in these three asset classes by March 30th. The Advisory also reminds market participants that CFTC Rules Part 43 (Real Time Public Reporting), Part 45 (Swap Data Reporting and Recordkeeping Requirements) and Part 46

The 2012 Fact Book includes monthly, quarterly or yearly aggregate market information from 2008 to 2012, and covers different types of municipal issues, trades and rate resets. Information about nearly every trade reported to the MSRB by municipal securities dealers since 2008 is included. The MSRB obtains some of its information on the characteristics of securities traded from Standard Poor’s Financial Services LLC and CUSIP databases furnished by CUSIP Global Services. See below for an outline: Part One: Municipal Market Trade Summary, 2009-2012 Part Two: Municipal Market Trade Distribution

SEC Director of the Division of Investment Management ("IM"), Norm Champ, prepared (although did not directly deliver) a keynote address summarizing the short and long-term regulatory priorities of IM. Director Champ focused on discretionary rulemaking initiatives. The short-term priorities that Champ noted included: (1) developing recommendations for structural reform of money market funds; (2) finalizing identity theft and red flags rules first proposed by the SEC and CFTC in February 2012 to protect mutual fund investors and clients of asset managers; and (3) exploring methods to engage the

SIFMA submitted the attached comments to the SEC regarding a proposed rule change filed by the Chicago Board Options Exchange ("CBOE"). SIFMA supported CBOE's proposal to permit the minimum price variation for mini-options to be the same as is permitted for standard options on the same underlying security. Click hereto view comment letter in full (links externally to SIFMA website).

The SEC published in the Federal Register a request for assistance in determining whether to make new rules for broker-dealers and investment advisers when they provide personalized investment advice about securities to retail customers. Click here to view our original story and commentary. See: 78 FR 14848. See also: SEC Request for Data on the Duties of Broker-Dealers and Investment Advisers and Investor and Industry Perspective on Broker-Dealers and Investment Advisers (2006). See generally: Lofchie's Guide to Broker-Dealer Regulation: Customers Chapter.