European Commission Further to the ECOFIN Council's approval of recommendations to harmonise EU-wide supervisory powers and sanctioning regimes, the Commission plans to propose policy actions to ensure that national regimes are strengthened consistently and that sanctions are properly enforced. Date January 21, 2011

European Association of Co-operative Banks The European Association of Co-operative Banks ("EACB") published a critical paper on the consultation on the European Commission's proposed Securities Law Directive ("SLD"). Date January 21, 2011 Cross References (links may require a Cabinet subscription) EU Roadmap on a Securities Law Directive

International Swaps and Derivatives Association ISDA submitted comments in response to Advance Notice of Proposed Rulemaking: Authority to Designate Financial Market Utilities as Systemically Important, regarding the criteria that should be applied by the Financial Stability Oversight Council in designating financial market utilities as systemically important. Date January 20, 2011 Cross References (links may require a Cabinet subscription) 112(a)(2)(J) and 804(a) of Dodd-Frank

Commodity Futures Trading Commission The CFTC has scheduled this meeting to consider the issuance of proposed rules regarding Investment Advisor Reporting under the Dodd-Frank Act. The agenda for this scheduled meeting will be made available to the public Document Number 76 Fed. Reg. 3881 Date January 21, 2011

CFTC Technology Advisory Committee Meeting The CFTC's Technology Advisory Committee (TAC) will hold its third meeting on January 27, 2011. The TAC will discuss pre-trade functionality, direct market access controls and costs and technology challenges in implementing the trade execution, processing and records management requirements of the Dodd-Frank Act. Dr. Michael Gorham, Illinois Institute of Technology (IIT) Industry Professor of Finance and Director of the ITT Center for Financial Markets, will present the Pre-Trade Functionality Subcommittee Report on Direct Market Access Controls