Permitting broker-dealers to take account of security futures contracts as offsets to the exposure on equity options for purposes of determining capital charges pursuant to Appendix A of Rule 15c3-1. SEC No-Action Letter Date of letter: 05/04/2012 This rule is discussed in Lofchie's Guide to BD Regulation, Capital Requirements.

NASAA/SEC 19(d) Conference Washington, D.C. In discussing partnership opportunities for the SEC and NASAA, Commissionar Aguilar discussed a number of issues where he sees federal and state regulatory cooperation and collaboration as critical to the success of the underlying policy. Cross References: Dodd-Frank Sections 403 and 911; Advisers Act Section 203(b)(3); Exchange Act Sections 39(b)(1)(C), 39(b)(1)(B), and 39(b)(1)(D)(i); JOBS Act Section 302(c). View speech in full here (links externally to SEC website).

See: 77 FR 27150 The SEC is "reopening," for thirty days, the comment period for a variety of proposed amendments, some of which are quite material, to its net capital, customer protection, books and records, and notification rules for broker-dealers. Among the more material proposals are that (i) a broker-dealer carrying the assets of another broker-dealer, including a non-U.S. broker-dealer, would effectively be required to treat the carried assets as customer assets; and (ii) a prohibition on second liens on a broker-dealer's margin account. The proposals were originally issued by the SEC

The SEC on Monday released a joint statement with other regulators concerning the regulation of the over-the-counter (OTC) derivatives markets. View release in full here (links externally to SEC website).

See: 77 FR 26709 The CFTC issued a Proposed Interpretative Statement regarding the confidentiality and indemnification provisions in the Dodd-Frank Act. The proposal generally exempts foreign regulators from the indemnification and confidentiality provision in the Dodd-Frank Act, and ensures that foreign regulators have access to data in Swap Data Repositories. This exemption only applies to data that is required to be reported and if the SDR is recognized by the country's law and regulation. The proposed interpretative statement clarifies that the provisions of CEA Section 21(d) should not