CME, CBOT, NYMEX and COMEX (the "Exchanges") issued a Market Regulation Advisory Notice that supersedes a previous notice and is being reissued to amend effective dates and compliance dates to reflect CFTC Letter 15-03, which was issued on February 10, 2015. This Advisory Notice continues to reflect changes to CME Rule 561 in connection with the CFTC Ownership and Control Reports ("OCR"). Rule 561, which pertains to large trader reporting, was amended to require that the submission of Forms 102A and 102B to the Exchanges be in the same form and manner as is required by the CFTC's OCR Rule

The CFTC announced that the Energy and Environmental Markets Advisory Committee will hold a public meeting on February 26, 2015. The meeting, which is sponsored by CFTC Commissioner Giancarlo, will consider the proposed position limits rules and how these proposals will impact energy and environmental markets. Se e: CFTC Meeting Announcement. Related news: CFTC Issues Clarification Regarding Comments on Position Limits for Physical Commodity Derivatives and Aggregation Proposals (with Zwirb Comment and Delta Strategy Group Summary) (December 31, 2014); CFTC Holds Agricultural Advisory

The CFTC Division of Market Oversight ("DMO") issued a no-action letter that extends the previous conditional time-limited relief provided to trading platform Yieldbroker Pty Limited ("Yieldbroker"). Therefore, DMO will not recommend enforcement action by the CFTC against Yieldbroker for failure to register as a swap execution facility under CEA Section 5h(a)(1) ("Swap Execution Facilities") or CFTC Rule 37.3(a)(1) ("Requirements and Procedures for Registration"), or against any market participant who uses or has other relationships with Yieldbroker for the period ending on May 15, 2015. The

CFTC Commissioner Chris Giancarlo discusses his white paper, the recent drops in oil prices and his priorities for the CFTC in the latest installment of Energy Metro Desk. Commissioner Giancarlo stated that he is "pleasantly surprised" at the reactions to his white paper, titled "Pro-Reform Reconsiderations of the CFTC Swaps Trading Rules: Return to Dodd-Frank," which he said was "meant to stir things up." The white paper provides an overview of issues regarding the current swaps policy and proposes an alternative framework. The article notes that Commissioner Giancarlo also "stirred things up

Office of the Comptroller of the Currency Deputy Comptroller for Operational Risk Beth Dugan discussed cyber threats, operational risks and the importance of effective risk management in a speech at The Clearing House's Operational Risk Colloquium. According to Ms. Dugan, while the impact of cyber threats on financial services firms has been relatively limited to date, the severity of such threats is escalating rapidly as cyber attackers become increasingly sophisticated in exploiting the vulnerabilities of commonly used infrastructures. In particular, Ms. Dugan noted that cyber attackers are