The CFTC removed Part 36 ("Exempt Markets") regulations that implemented CEA provisions that established exempt boards of trade ("EBOTs") and exempt commercial markets ("ECMs") – two categories of derivatives-trading platforms that were eliminated from the CEA by Title VII ("Wall Street Transparency and Accountability") of the Dodd-Frank Act. The final rule will also remove various cross-references in other CFTC regulations regarding EBOTs and ECMs. The final rule is effective on October 2, 2015.

The EU Commissioner for Financial Services Lord Jonathan Hill discussed details of the European Commission's recently released Capital Markets Union ("CMU") Action Plan at an event hosted by the MFA. Lord Hill emphasized that the CMU Action Plan is intended to (i) help European businesses, particularly small and medium enterprises, have a wider range of funding sources and (ii) increase investments and choices for retail and institutional investors.

The SEC approved the adoption of FINRA Rule 2272 ("Sales and Offers of Sales of Securities on Military Installations") to govern sales and offers of sales of securities by firms to members of the U.S. Armed Forces or their dependents on the premises of any military installation. The final rule will be effective on March 30, 2016.

A group of trade associations came out against imbedding the Unique Transaction Identifier ("UTI") with, or deriving the UTI from, transactional data that is separately reported, among other objections. The International Swaps and Derivatives Association, Inc., the Institute of International Finance, The Investment Association, and SIFMA (together, the "Associations") were responding to the Committee on Payments and Market Infrastructures' ("CPMI") and IOSCO's consultative report, titled "Harmonisation of the Unique Transaction Identifier." The Associations focused on the fundamental business

The SEC named Chyhe Becker the Associate Director in the Division of Economic and Risk Analysis. Dr. Becker assumes a new position in the division's Office of Litigation Economics, which was created to reflect the significance of data-driven economic and statistical analysis in investigations and litigated cases. The office has almost tripled in size in the past three years, growing to a staff of 26 from nine, and has expanded to five regional offices in addition to the SEC's Washington, D.C. headquarters.