The SEC granted exemptive relief to an exchange-traded trust fund from the notice requirements of SEA Rule 10b-17 and the prohibitions of Rules 101 and 102 of Regulation M.

Finance Professor Craig Pirrong claimed that central clearing mandates do not reduce systemic risk. In a post titled "Clearing Angst: Here Be Dragons Too," he stated that central clearing has forced banks and regulators to resort to "extraordinary measures" to supply liquidity and respond to systemic stresses.

The CFTC extended the time period for relief from swap trade confirmation requirements.

SEC Director of the Division of Investment Management David W. Grim gave an update on the liquidity risk management proposal, cyber security risk reporting proposal and recent guidance on material risk disclosure.

Stay current on regulatory dates and deadlines with the latest Cabinet upgrades. This new system provides real-time updates on rule effective dates, comment deadlines and no-action relief expirations. From the Cabinet to your personal online calendar. It's just that easy.