The Trading Venues Regulation Subcommittee of the SEC Equity Market Structure Advisory Committee recommended ways to improve and modernize trading venue models.

FINRA reminded member firms that a revision to an SEC staff no-action letter expands the definition of "ready market" for certain foreign equity securities.

The CFTC granted exemptive relief to various commodity pool operators from having to (i) file and distribute annual reports, (ii) have an independent public accountant audit the financial statements in such reports and (iii) prepare a Form CPO-PQR report and file it with the NFA.

FINRA proposed a delay in the implementation of its rules concerning debt research analysts and debt research reports.

The SEC Office of Compliance Inspections and Examinations reviewed its priorities for 2016 at a compliance outreach program for investment advisers and investment company senior officers.