The CFTC is proposing to grant, pursuant to section 4(c) of the Commodity Exchange Act (CEA), temporary exemptive relief in order to allow non-U.S. swap dealers and non-U.S. major swap participants to delay compliance with certain entity-level requirements of the CEA (and CFTC regulations promulgated thereunder), subject to specified conditions. Comments Due: August 13, 2012 View exemptive order in full here (links externally to GPO website).

Chairman Mary Schapiro began the SEC's Open Meeting by emphasizing the benefits of implementing a consolidated audit trail, including: Increasing the data available to regulators investigating illegal activities, such as insider trading, wash sales and market manipulation; Improving the ability of regulators to reconstruct broad-based market events in an accurate and timely manner; Increasing the ability of regulators to monitor overall market structure, so that both the Commission and the SRO's can be better informed about how rules are affecting markets; Reducing the data production burdens

Brian M. Campbell; 34-67384, IA-3429 SEC administrative proceeding pursuant to Section 15(b) of the Exchange Act and Section 203(f)of the Advisers Act against Brian Campbell. Calhoun Asset Management, LLC; 33-9333, 34-67377, IA-3428, IC-30131 SEC administrative proceeding pursuant to Section 8A of the Securities Act, Section 21C of the Exchange Act, Sections 203(e) and 203(k) of the Advisers Act, and Section 9(b)of the Investment Company Act.

The Serious Fraud Office has announced that it has opened an investigation into the rigging of the interbank lending rate by a number of UK banks. The Treasury has agreed to provide the SFO with £3 million to run the investigation, and the SFO has asked for the assistance of staff from the Financial Services Authority for the first time in its existence.

View notice in full here (links externally to SEC website).