The SEC's approval of FINRA's proposed rule change to amend the codes of arbitration procedure for customer disputes and industry disputes to increase arbitrator honoraria and increase certain arbitration fees and surcharges was published in the Federal Register. In general, the amendments increase the member surcharges and process fees for claims larger than $250,000, as well as filing fees for investors, associated persons or firms bringing claims of more than $500,000, and hearing session fees for claims of more than $500,000. See: 79 FR 59876. Related news: FINRA Proposes Rule Change to

The Office of the Comptroller of the Currency named Kathy K. Murphy as the agency's Senior Deputy Comptroller for Management and Chief Financial Officer. See: OCC Press Release.

The SEC Division of Corporation Finance updated its Compliance and Disclosure Interpretations ("C&DIs") to discuss whether an issuer may use its own website or social media presence to offer securities in a manner consistent with Securities Act Rule 147 ("Part of an Issue", "Person Resident", and "Doing Business Within" for Purposes of Section 3(a)(11)), which provides an exemption for certain intrastate offerings by issuer (where the offerees are all residents in the same state as the issuer). See: SEC Compliance and Disclosure Interpretations. Related news: SEC Updates Compliance and

On October 2, 2014, the Managed Funds Association ("MFA") submitted comments to the proposed rulemaking issued by FinCEN in August 2014. In its comments, the MFA supports the FinCEN proposal to exempt SEC-registered investment advisors and entities registered with the CFTC, including commodity pool operators and commodity trading advisors, from an obligation to identify the natural persons who are beneficial owners of legal entity customers. The MFA also favors the proposal to exempt pooled investment vehicles, including hedge funds operated or advised by financial institutions, from the

JPMorgan Chase Co. Office of Regulatory Affairs issued a paper proposing steps required to establish a credible securities and derivatives clearinghouse ("CCP") resolution framework to manage the event of a CCP failure. According to the paper, the "issue of resolution" has become increasingly important given that the use of CCPs in the United States is now mandatory, and there is a larger volume of transactions going through these institutions. Additionally, many CCPs have migrated from being utilities owned by members to private for-profit institutions, introducing a possible conflict between