IOSCO released a consultation report which seeks public comments on a series of proposed high-level recommendations intended to improve market surveillance. The report responds to a 2010 G20 mandate, which called for significant policy actions in several areas, including an extensive reform of the financial sector. The G20 called on IOSCO to develop recommendations to promote "market integrity and efficiency" and mitigate the technological risks posed to the financial system, which IOSCO initially published in an October 2011 report. This report presents further recommendations to Market

In response to NASDAQ's proposal to modify NASDAQ Rule 4626 [the proposed rule change starts at the bottom right of the linked page] to compensate member firms in light of the technical malfunctions experienced during the Facebook IPO, SIFMA has filed a comment letter asserting that the proposed amendment presents significant policy and procedural issues. SIFMA states that the proposed amendment is being used by NASDAQ to establish the grounds to claim regulatory immunity from a lawsuit, which SIFMA does not believe is appropriate, as it asserts that NASDAQ was acting as a for-profit market

The CFTC is amending its regulations governing the operations and activities of commodity pool operators (CPOs) and commodity trading advisors (CTAs) in order to have those regulations reflect changes made to the Commodity Exchange Act by the Dodd-Frank Act. Effective Date: [INSERT DATE 60 DAYS AFTER DATE OF PUBLICATION IN THE FEDERAL REGISTER]. Compliance Date: CPOs and CTAs must comply with these amendments to Part 4 by no later than the most recent effective date of the regulations issued by the Commission to further define the term "swap" in section 1a(49) of the CEA, pursuant to the Dodd

SEC Chairman Mary Schapiro released a statement regarding her fellow Commissioners' opposition to publishing a proposal to reform the structure of money market funds. According to the Chairman's statement, three Commissioners have informed Chairman Schapiro they will not support the publication of the proposal (and that it therefore cannot be published for public comment) and have suggested issuance of a concept release instead. Chairman Schapiro criticized this suggestion as being too go-slow, arguing that a concept release at this point does not advance the discussion as compared to concrete

The SEC established the Advisory Committee on Small and Emerging Companies in 2011 to seek advice on its rules, regulations and policies as they relate to emerging companies or privately held small businesses and publicly traded companies with less than $250 million in public market capitalization in the areas of: raising capital through securities offerings, including private and limited offerings and initial and other public offerings; trading in the securities of emerging and smaller public companies; and public reporting and corporate governance requirements of emerging and smaller public