NFA News Release CME Group and National Futures Association announced, in conjunction with the InterContinental Exchange), the Kansas City Board of Trade and the Minneapolis Grain Exchange, the formation of a joint committee to review how self-regulatory organizations can strengthen current safeguards for customer segregated funds held at the firm level in light of the MF Global bankruptcy. This coordinated effort by all of the futures industry self-regulatory organizations will examine what changes can be made to rules or to the ways firms demonstrate compliance with those rules to prevent

DOL Letter Letter from the Department of Labor's v Employee Benefits Security Administration stating that in its view, the CFTC's final business conduct standards neither conflict with DOL's existing regulations, nor compel swap dealers or major swap participants to engage in fiduciary conduct. Cross References: Dodd-Frank Section 731; CEA Sections 4s, 8(a)(10) and 17(o); 17 CFR 23.21.

77 FR XXXX The CFTC is issuing regulations which subject each person who meets the definition of an SD or MSP to the registration provisions under the CEA and to Part 3 of the Commission's regulations. Additionally, the Commission is issuing Regulation 170.16, which provides that each registered SD or MSP must become and remain a member of a registered futures association. The Commission is also adopting regulations that define an "associated person" of an SD or MSP as a natural person and that implement the prohibition on a Swaps Entity permitting an associated person who is statutorily

77 FR XXXX The CFTC is adopting regulations pertaining to the protection of cleared swap customer contracts and related collateral. Specifically, the regulations impose requirements on FCMs and DCOs) regarding the treatment of cleared swaps customer contracts (and related collateral), and make conforming amendments to bankruptcy provisions applicable to commodity brokers under the CEA. Significantly, the CFTC rules adopted a model entitled the "Legally Segregated Operationally Commingled Model" or the "Complete Legal Segregation Model" that allows the collateral of all of an FCM's cleared

77 FR XXXX The CFTC is requesting comment on a proposed rule that would implement Section 619 of the Dodd-Frank Act, which contains certain prohibitions and restrictions on the ability of a banking entity and nonbank financial company supervised by the Board of Governors of the Federal Reserve System to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund (the "Volcker Rule"). Under the proposed rule, banking entities would be required to establish an internal compliance program that is designed to ensure and monitor compliance