SEC Chairman Elisse Walter has named Lona Nallengara as Acting Director of the Division of Corporation Finance. Nallengara will replace Meredith B. Cross when she leaves the SEC at the end of the year. Click here to view press release in full (links externally to SEC website).

New SRO rules and rule proposals have been announced by the SEC. Click on the links to view the SEC's notices of each rule change and proposal. CME: Order Approving Proposed Rule Change to Amend Rules in Connection with Status as a "Deemed Registered" Clearing Agency DTC: Effective Immediately - Rule Change to Make Ministerial Changes to the Existing Reorganization Service Guide ICEEU: Notice of Designation of a Longer Period for Commission Action on Proposed Rule Change to Clear Western European Sovereign CDS Contracts NYSE Arca: Notice of Filing of Amendment No. 1 and Order Granting

Following the publication of its consultation paper on strengthening LIBOR last month, in which it asked for public opinion on the discontinuation of certain LIBOR currencies and maturities, the British Banking Association has published its feedback on certain points raised by contributors. In particular, the BBA has announced a delay as to the effective date of the discontinuation of certain LIBOR-related measures.

The CFTC announced that it has approved a final rule to expand the CFTC's recordkeeping requirements. The announced rule change will amend CFTC Rules 1.35(a) (Records of Cash Commodity, Futures, and Option Transactions) and 1.31 (Books and Records; Keeping and Inspection) to conform them to recordkeeping requirements for SDs and MSPs under Dodd-Frank. The final rule amends Rule 1.35(a) to require that FCMs, IBs with aggregate gross revenue exceeding $5 million over the preceding three years, retail fx dealers ("RFEDs"), and certain members of designated contract markets ("DCMs") and swap

The Office of Fair Trading ("OFT"), the UK’s consumer protection and competition regulator, has approved the anticipated acquisition of the majority control in LCH.Clearnet Group by the London Stock Exchange Group plc on the basis that such a deal would not threaten any rivals through market dominance.