The MSRB has announced that it will cohost (with SIFMA) a municipal securities regulation seminar for market participants. When: Tuesday, October 2, 2012 from 2:30 to 5:30 p.m. Where: SIFMA's headquarters, 120 Broadway, New York, New York 10271 A panel will address current MSRB initiatives. These include: underwriters' duty to issuers; retail order periods; regulations of brokers' brokers; and the development of risk-based examinations. MSRB Rule G-23 and the role-switching prohibition also will be discussed. View press release here (links externally to MSRB website).

The SEC approved amendments to FINRA Rule 4560 (Short-Interest Reporting). These amendments will: codify the requirement that member firms report only "gross" short interest existing in each proprietary and customer account; clarify that member firms' short-interest reports must reflect only those short positions which have reached settlement date by the close of the FINRA-designated reporting settlement date; and delete existing exceptions to Rule 4560 for stabilizing activity, domestic arbitrage and international arbitrage while retaining exceptions for (1) any sale by any person for an

FINRA has filed with the SEC a proposed rule change to amend the Customer and Industry Codes of Arbitration Procedure to provide that FINRA arbitrators shall issue orders (instead of issuing subpoenas) for the appearance of witnesses or the production of documents. View text of rule change here(links externally to FINRA website).

DATE MEETING WITH RULEMAKING 08/22/2012 More Info ICAP SEF Registration 08/22/2012 More Info Skadden SEF Registration

The CFTC is adopting regulations to implement certain provisions of Title VII of the Dodd-Frank Act. Section 731 of the Act added a new Section 4s(i) to the Commodity Exchange Act, which requires the CFTC to prescribe standards for swap dealers (SDs) and major swap participants (MSPs) related to the timely and accurate confirmation, processing, netting, documentation, and valuation of swaps. These regulations set forth requirements for swap confirmation, portfolio reconciliation, portfolio compression, and swap trading relationship documentation for SDs and MSPs. Dates: The rules will become