The Office of the Comptroller of the Currency (OCC) is rescinding the Office of Thrift Supervision (OTS) documents listed in Attachment A as part of its ongoing implementation of title III of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Cross References: Dodd-Frank Title VII Related Documents: Attachment A: Rescinded OTS Documents Attachment B: Additional OCC Guidance That Applies to FSAs View notice in full here.

The SEC yesterday announced that Erica Williams will become the agency’s Deputy Chief of Staff. View press release in full here.

The CFTC today approved a final rule on swap data recordkeeping and reporting requirements for counterparties to pre-enactment swaps, those swaps executed prior to passage of the Dodd-Frank Act, and transition swaps, those entered into between the law's enactment date and the applicable compliance date for swap data recordkeeping and reporting. The goal of the final rule for these swaps, collectively called historical swaps, is to specify what records must be kept and what data must be reported. The rule is also designed to ensure that historical swap data is available to regulators through

View CFTC webcast here. To view additional materials from this meeting, go to the related May 10th regulatory update.

FINRA Reg. Notice 12-24 This Notice reminds firms that FINRA Rule 5131(d)(4) prohibits firms from accepting a market order for the purchase of shares in a new issue in the secondary market prior to the commencement of trading of such shares in the secondary market. Cross References: FINRA Rule 5130; FINRA Rule 5131; Regulatory Notice 10-60; Regulatory Notice 11-29. For more information about this document, you may contact one of the following Cadwalader attorneys: Steven D. Lofchie; Nihal S. Patel.