CFTC Announcements 76 Fed. Reg. 6120 February 3, 2011 The Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues will hold a public meeting on February 18, 2011, from 9:30 a.m. to 12 p.m., at the CFTC's Washington, DC headquarters. At the meeting, the committee will discuss matters relating to its recommendations regarding the market events of May 6, 2010.

CFTC Dodd-Frank Rulemaking 76 Fed. Reg. 7976 February 8, 2011 Closing Date: April 12, 2011 The CFTC is proposing to amend its existing regulations and proposing one new regulation regarding Commodity Pool Operators and Commodity Trading Advisors. The Commission is proposing a new data collection for CPOs and CTAs that is consistent with the data collection required under the Dodd-Frank Act. The proposed amendments would: Rescind the exemptions from registration provided in the Commission's regulations; rescind the relief from the certification requirement for annual reports provided to

Dow Jones February 10, 2010 Members of Congress and industry executives bemoaned the speed with which new rules for the $583 trillion over-the-counter derivatives market are being pushed through in the U.S. They also raised concerns about agencies' rush to introduce swap-trading rules amid huge budgetary constraints that could impede their ability to police the market effectively. Cross References Dodd-Frank Act, Title VII

NY Times February 10, 2011 Interview with CFTC Chairman Gensler who "has been pushing aggressively to impose the Dodd-Frank rules, although he has had to dial back on a few occasions in order to strike a compromise." Gensler states that the CFTC has had 475 meetings with outsiders in 5 months on Dodd-Frank and that the CFTC needs 400 more people. Cross References Dodd-Frank Act, Title VII

Guidance Consultation 10 February 2011 The Financial Services Authority (FSA) has published a draft code of practice designed to enhance coordination and collaboration amongst auditors and financial regulators. The principles based draft code of practice examines the nature of the relationship between the FSA and a firm's external auditor. The FSA also recommends an appropriate level of communication and exchange of information between auditors and the FSA. The draft code of practice is subject to consultation.