The CFTC voted to adopt new rules to address the cross-border application of a number of swaps requirements. The CFTC also withdrew prior "ANE" guidance, issued a related no-action letter and amended a previous order exempting certain SEFs from registration.

The Alternative Reference Rates Committee identified recommended conventions for interest calculations using the daily Secured Overnight Financing Rate for syndicated business loans.

A broker-dealer settled FINRA charges for failing to (i) transmit required reportable order events to the Order Audit Trail System and (ii) include complete and accurate information in required quarterly reports.

The SEC finalized amendments designed to improve the accuracy and transparency of information provided by proxy advisory firms.

At a meeting of the CFTC Market Risk Advisory Committee, subcommittees and industry representatives provided updates on the transition to the Secured Overnight Financing Rate and the impact of the pandemic on market infrastructure and trade volumes.