An Office of Financial Research working paper concluded that "Form PF submissions may obscure reporting funds' actual risks". The paper examined the precision of the SEC's Form PF as an instrument for measuring market risk exposures. The SEC requires private fund investors to use Form PF to report regulatory assets under management.

IOSCO published a review of periodic and material event-based disclosure frameworks in relation to issuers that have made a public offering of securities and/or whose securities are listed and/or publicly traded. The review was limited to disclosure frameworks under IOSCO Principles 16 and 26 in the thirty-seven participating jurisdictions. With regard to disclosure under IOSCO Principle 16, the review found that the requirements varied according to the type of issuer and information. Concerning IOSCO Principle 26, the review determined that timely disclosure requirements on the value, risk

The United States Government Accountability Office ("GAO") issued a report finding control deficiencies by the U.S. Treasury Department ("Treasury") and the Office of Management and Budget ("OMB") concerning the preparation of the government's fiscal year 2014 consolidated financial statement. These deficiencies contributed to material weaknesses in internal controls over the federal government's ability to: (i) adequately account for and reconcile intra-governmental activity and balances between federal entities; (ii) provide reasonable assurance that consolidated financial statements were

The National Futures Association issued a notice stating that a registered Commodity Trading Advisor ("CTA"), who does not direct any trading of commodity interest accounts, is no longer required to file a Form CTA-PR. The Notice relates to CFTC Letter No. 14-115, exempting certain CFTC-registered CTAs from filing CFTC Form CTA-PR pursuant to Regulation 4.27. The relief is self-executing and effective immediately. S ee: NFA Notice: Relief from CTA-PR Filing Requirement. R elated news: NFA Issues a Notice to Members Regarding Changes to CPO Form PQR and CTA Form PR (July 8, 2015).

The MSRB filed a rule change with the SEC that revised the information facilities for the three market transparency systems: the Electronic Municipal Market Access System, the Real-Time Transaction Reporting System and the Short-Term Obligation Rate System. The purpose of the revisions is to better align the rules' language with the MSRB's administration of the three systems. The rule change also adds references to the MSRB's core operational hours and the "24/7 availability of many aspects of its systems." The rule change became effective when filed and will be made operative on August 24