FINRA Reg. Notice 12-17 The SEC approved FINRA's proposed rule change to adopt NASD Rule 2212 (Telemarketing) as FINRA Rule 3230 (Telemarketing) in the consolidated FINRA Rulebook, taking into account certain requirements under NYSE Rule 440A and Interp. 440A/01 (Telephone Solicitation). Further, the new rule adopts provisions that are substantially similar to FTC rules that prohibit deceptive and other abusive telemarketing acts or practices. This Notice highlights the portions of Rule 3230 that differ from NASD Rule 2210. Effective Date: June 29, 2012 Cross References: SEC Release No. 34

European Union On 29 March 2012, the European Parliament voted in favour of an accord on the European Markets Infrastructure Regulation (EMIR), which forces traders to register OTC contracts in data centres and process them through clearing houses. The adopted text is not yet publicly available.

View study here. Release Date: March 30, 2012 Cross Reference Dodd-Frank § 967

View the Guidance here. The Board of Governors of the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation are issuing this guidance to provide clarity regarding the effective date of section 716 of the Dodd-Frank Act with respect to entities for which each is the prudential regulator.

European Securities and Markets Authority 30 March 2012 ESMA, one of the supervisory authorities within the European System of Financial Supervision, has published a final draft of the technical standards relating to Regulation (EU) No 236/2012 of the European Parliament and of the Council on short selling and certain aspects of credit default swaps.