The Bank for International Settlements published the "2016 Triennial Central Bank Survey" of activity on the foreign exchange and over-the-counter derivatives markets. The survey shows a decline in foreign exchange spot trading and an increase in U.S. dollar-denominated derivatives trading.
News & Insights
The SEC Division of Corporate Finance issued a no-action letter based on a determination that the application of procedures for "applicable margin reset" would not constitute an "offer and sale of asset-backed securities by an issuing entity" within the meaning of Regulation RR.
The CFTC Division of Swap Dealer and Intermediary Oversight issued time-limited no-action relief for swap dealers, allowing them an additional thirty days to comply with the collateral segregation requirement for uncleared swaps margin.
The Federal Trade Commission approved final amendments to the Hart-Scott-Rodino Premerger Notification Rules ("HSR") that allow HSR filings to be submitted on DVDs.
FINRA filed a proposed rule change with the SEC that would adopt NASD interpretive material into the FINRA rulebook. The material concerns communications on variable life insurance and annuities.