SEC Commissioner Luis A. Aguilar made a statement addressing the issue of additional structural changes to the cash management industry (i.e., SEC registered money market funds). Commissioner Aguilar argued that there are larger macro questions and concerns about the cash management industry as a whole that must be considered before the money market funds industry is fundamentally altered. Therefore, in his view, to move forward with further rules changes as to money market funds at this time is to risk serious and damaging consequences. In particular, Commissioner Aguilar expressed his

Rule changes and proposals from C2, DTC, EDGA, EDGX, NASDAQ, NYSE Arca, NYSEMKT and OCC. C2: Effective Immediately - Rule Change to Amend the Fees Schedule C2: Effective Immediately - Rule Change to Amend the Fees Schedule DTC: Effective Immediately - Rule Change to Make Updates to its Custody Service DTC: Effective Immediately - Rule Change to Update Existing Procedures as They Relate to Processing Mandatory Corporate Actions EDGA: Final Rule - Amend EDGA Rules Regarding Market Access EDGX: Final Rule - Amend EDGX Rules Regarding Market Access NASDAQ: Effective Immediately - Rule Change to

The OCC is issuing a new booklet (titled "Unique and Hard-to-Value Assets") of the Comptroller's Handbook in the asset management series, which provides guidance to examiners and bankers on assessing the management of unique and hard-to-value assets. Asset management accounts can hold insurance, collectibles and animals as well as loans and leases. Many of these asset classes require specialized expertise, controls and valuation methods. The booklet addresses the following issues: Discussions of the types of unique and hard-to-value assets and the specific characteristics of each. Asset review

The MSRB sought approval of a proposal from the SEC to provide for more rapid public dissemination of trade size information for municipal securities transactions valued between $1 and $5 million through the MSRB Real-Time Transaction Reporting System (RTRS). Currently, transaction information disseminated from RTRS includes the exact par value on all transactions with a par value of $1 million or less but includes an indicator of "1MM+" in place of the exact par value on transactions where the par value is greater than $1 million. The exact par value of such transactions is disseminated from

NFA submitted to the CFTC proposed amendments to NFA Bylaw 301 and Registration Rules 401 and 402 regarding swaps activity eligibility and proficiency requirements. In order to track firms and individuals engaged in swaps activities, NFA's Board approved an amendment to Bylaw 301 to require FCMs, IBs, CPOs and CTAs whose activities involve swaps, and the APs of these firms, to be approved as swap firms or swaps-associated persons (every swaps firm would be required to have at least one associated person). NFA has not developed a new proficiency examination specific to swaps in large part