SIFMA expressed general support of the SEC's proposed new rules and amendments designed to modernize the reporting and disclosure of information to investors by registered investment companies. In a letter to the SEC, SIFMA explicitly suggested improvements to Investment Company Act Rule 30e-3, which would permit registered investment companies to transmit certain reports to investors by making those reports accessible online. However, SIFMA explicitly suggested improvements to Investment Company Act Rule 30e-3, which would permit registered investment companies to transmit certain reports to

SEC's rules governing registration for security-based swap dealers ("SBSDs") and major security-based swap participants ("MSBSPs") under Section 15F of the Exchange Act were published in the Federal Register. These new rules and forms establish a process by which SBSDs and MSBSPs can register with the SEC. Se e: 80 FR 48964: Registration Process for Security-Based Swap Dealers and Major Security-Based Swap Participants R elated news: SIFMA Recommends Modifications to SEC-Proposed Rules on Security-Based Swap Dealers (with Lofchie Comment) (August 7, 2015); SEC Adopts Registration Rule for

The Board of Governors of the Federal Reserve System ("FRB") adopted a final rule that establishes risk-based capital surcharges for the largest, most interconnected U.S.-based bank holding companies pursuant to section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This rule requires a U.S. top-tier bank holding company that is an "advanced approaches institution" to calculate a measure of its systemic importance. A bank holding company whose measure of systemic importance exceeds a defined threshold would be identified as a global systemically important bank holding

FINRA's proposed rule change to adopt Rule 3210 (Accounts at Other Broker-Dealers and Financial Institutions) into the consolidated FINRA rulebook was published in the Federal Register. FINRA's proposals to delete NASD Rule 3050 (Transactions for or by Associated Persons), delete incorporated NYSE Rules 407 (Transactions - Employees of Members, Member Organizations and the Exchange) and 407A (Disclosure of All Member Accounts) and to delete related Incorporated NYSE Rule Interpretations 407/01 and 407/02 (Transactions - Employees of Member Organizations and the Exchange) from the consolidated

CFTC Commissioner Mark Wetjen announced his resignation in a letter to President Barack Obama. Mr. Wetjen was unanimously confirmed by the Senate in October 2011 and served as Acting Chairman of the Commission from January 2014 to June 2014. Mr. Wetjen stated that "more than ninety CFTC actions related to [title VII of the] Dodd-Frank [Act], in addition to many other commission actions, have been adopted since I joined the agency, and I supported and helped shape every one of them." Mr. Wetjen also emphasized his efforts, among other things, to: (i) strengthen the risk-management practices of