Financial Services Authority July 11, 2011 The consultation paper seeks views on the process and scope of review the FSA undertakes when assessing the adequacy of the counterparty credit risk management framework within a central counterparty. The FSA assesses both applications and existing services against the UK standards for central counterparties in Part 18 of the Financial Services and Markets Act and the Recognition Requirements. The consulatation provides further information as to the way in which the FSA assesses compliance with the Recognition Requirements

Open Meeting on Four Final Rule Proposals and One Proposed Rule under the Dodd-Frank Act CFTC Press Release 6070-11 July 12, 2011 The CFTC will hold a public meeting on July 19, 2011 to consider four final rules and one proposed rule under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Commission will consider the following topics: - Consideration of Proposed Rule on Customer Clearing Documentation, Timing of Acceptance for Clearing and Clearing Member Risk Management; - Consideration of Final Rule on Process for Review of Swaps for Mandatory Clearing; - Consideration of

76 FR 41048 July 13, 2011 The final rulemaking adopts a definition of the term agricultural commodity, CFTC Rule 1.3(zz), which is necessary for, among other things, the Commission's agricultural swaps rulemaking and the Commission's agricultural commodity speculative position limit rule. The proposed definition includes four categories: 1) The enumerated commodities listed in section 1a of the Act, including such things as wheat, cotton, corn, the soybean complex, livestock, etc.; 2) A general operational definition that covers: "All other commodities that are, or once were, or are derived

"Caging the Financial Cheetahs" July 12, 2011 CFTC Commissioner Bart Chilton continues his campaign against "massive passives," "cheetah traders" (for which he calls for registration and accreditation), and speculators in the oil markets. Cross References Dodd-Frank Act, Title VII

legislation.gov.uk July 7, 2011 The Prospectus Regulations 2011 (the "Regulations"), which come into force on 31 July 2011, were presented to the UK Parliament on 8 July 2011. The Regulations will transpose Directive 2010/73/EU into UK law, and in particular will amend two provisions of the Financial Services and Markets Act 2000. The implementation of the Regulations will have the following effect: (i) the number of investors to whom an offer of securities made before a prospectus will increase from 100 to 150; and (ii) the total size of the offer which may be made before a prospectus is