Executive action takes a wide variety of forms, including executive orders, discretionary agency directives and enforcement decisions. A new memorandum on the subject focuses on the ability of President-elect Trump to reshape policy through the use of various forms of executive action.

The MFA endorsed the guidance prepared by the European Securities and Markets Authority on the calibration, publication and reporting of trading halts. The MFA also endorsed the benefits of the SEC's proposed amendment to the securities transaction settlement cycle.

Several financial industry trade associations filed a joint letter with the CFTC requesting a six-month extension of the comment period for the supplemental proposal to Regulation AT.

The SEC Division of Trading and Markets granted no-action relief to broker-dealer members of the National Securities Clearing Corporation ("NSCC"), allowing NSCC to invest cash debited from its members settlement accounts into its "long free" account.

The SEC Division of Corporation Finance granted an exemption from the registration of membership interests in a Wisconsin mutual insurance company undergoing reorganization to become a stock insurance company.