The SEC requested comments on a proposal to amend the requirements for the formation and composition of a quorum of the MSRB.

The SEC staff issued a no-action letter to SIFMA that will allow a broker-dealer to compute net capital by treating operating lease assets' value as a "good asset," to the extent of its associated operating lease liabilities, so that the two amounts effectively offset each other.

The Federal Reserve Bank of New York issued a new policy on counterparties for all domestic and foreign market operations. The new policy includes reduced capital requirements applicable to broker-dealer counterparties, including primary dealers in government securities.

The Federal Financial Institutions Examinations Council revised the Uniform Interagency Consumer Compliance Rating System.

A number of sources offer guidance to readers on developments in financial regulation that could occur during the president-elect's coming administration. Those sources include the Donald J. Trump website, the Republican Platform 2016 document and the proposed CHOICE Act.