The MSRB will update its Electronic Municipal Market Access ("EMMA") website to accept and display two new municipal securities disclosure types under recently amended Exchange Rule 15c-12. The recent amendments to Exchange Rule 15c2-12 require municipal securities issuers to disclose material financial obligations that could impact the issuer's liquidity and overall creditworthiness. MSRB representatives, along with the SEC, National Association of Bond Lawyers, and Government Finance Officers Association will host a free webinar on January 18, 2019, to give the issuer community additional

The SEC issued a final rule making technical corrections to Form N-1A, the registration form used by open-end management investment companies. The final rule is effective on December 4, 2018.

CFTC Commissioner Brian Quintenz described the role of derivatives in supporting economic growth, the advantages of the "principles-based" regulatory model of the U.S. derivatives markets and concrete steps China has taken to liberalize its financial markets. In remarks at the 14th Annual China International Derivatives Forum, Mr. Quintenz disagreed with the label that derivatives are "risky," stating that the derivatives present tools to manage and efficiently transfer risk to market participants who have the ability to bear it. He described derivatives as being vital to the "health and

Changing the name of the Consumer Financial Protection Bureau ("CFPB") may cost financial services firms over $300 million, according to internal analysis. As reported by The Hill, the CFPB's name change to "Bureau of Consumer Financial Protection" force regulated firms to update "internal databases, regulatory filings and disclosure forms with the new name." The CFPB released the new logo in March 2018 and changed the sign in its front lobby in June 2018 in order to reflect the name codified in Dodd-Frank. Currently, the CFPB plans to update its website with the new name by March 2019.

The CFTC issued an Amended Order exempting four EU-authorized multilateral trading facilities ("MTFs") from the requirement to register as a swap execution facility ("SEF"). The CFTC action added the four additional entities to Appendix A of the original Order, which exempted certain MTFs and organized trading facilities ("OTFs") from the SEF registration requirement. According to the CFTC, there are now 20 EU-authorized venues that are exempted MTFs or OTFs.