The SEC has announced that Enforcement Director Robert Khuzami will leave the agency. The press release highlights accomplishments during Mr. Khuzami’s four-year tenure as Director, including scores of significant actions connected to the financial crisis and record numbers of cases involving insider trading and misconduct by investment advisers and investment companies. Click here to view press release in full (links externally to SEC website).

SIFMA has submitted comments to the CFTC on the CME’s proposal to approve new Chapter 10 and Rule 1001. The comment letter urges the CFTC to reject the proposed rule on grounds similar to those expressed by ISDA and the Global Financial Markets Association, i.e., that allowing a DCO to dictate the SDR to which cleared swaps are reported would violate principles of fair and open access. Click here to view letter in full (links externally to SIFMA website). Related news stories: CFTC Extending Period for Accepting Public Comment on a CME Request to Adopt New Chapter 10 and New Rule 1001 of CME's

SIFMA today announced that T. Timothy Ryan Jr., its President and CEO, has submitted his resignation and will SIFMA on February 23. Tim Ryan has served as President and CEO of SIFMA since April 2008. Click here to view press release in full (links externally to SIFMA website).

SIFMA has released its report, 2012 Year in Review. The report covers SIFMA’s activities and advocacy efforts. Click here to view report in full (links externally to SIFMA website).

The Office of the Comptroller of the Currency ( “OCC ”) is notifying insured Federal depository institutions which are or may become swap dealers that the OCC is prepared to consider favorably requests for a transition period pursuant to Section 716(f) of the Dodd-Frank Act, provided that such requests conform to the procedures and conditions established in the OCCC's notice. This guidance is effective as of January 7, 2013. Written requests for transition periods should be submitted to the OCC by January 31, 2013. Click here to view our original story on the Notice of Guidance, including