The SEC announced charges against 28 officers, directors and major shareholders for violating federal securities laws requiring them to promptly report information about their holdings and transactions in company stock. Additionally, six publicly traded companies were charged with contributing to filing failures. Nearly all of the 34 individuals and firms charged agreed to settle and pay financial penalties totaling $2.6 million. The charges, according to the SEC, stem from an enforcement initiative focusing on two types of ownership reports: those relating to Section 13(d) of the Securities

The Over-the-Counter ("OTC") Derivatives Regulators Group ("ODRG") issued a report that provides an update to the G20 on further progress in resolving OTC derivatives' cross-border implementation issues. The ODRG is made up of authorities with responsibility for OTC derivatives markets regulation in Australia, Brazil, the European Union, Hong Kong, Japan, Ontario, Quebec, Singapore, Switzerland and the United States. The report described two areas in which the ODRG is working to develop approaches to address cross-border issues: (i) potential gaps and duplications in the treatment of branches

SIFMA submitted detailed comments to SEC Deputy Secretary Kevin O'Neill regarding the SEC's proposed recordkeeping, reporting, notification and security count requirements for security-based swap dealers ("SBSDs"), major security-based swap participants ("MSBSPs") and broker-dealers that enter into swaps. SIFMA noted that, in a number of places, the SEC Recordkeeping Proposal would prescribe recordkeeping or reporting requirements based on requirements in other rules that have been proposed by the SEC but have not yet been adopted; in particular, requirements relating to capital, margin and

IOSCO issued its Update to Survey on the Principles for the Regulation and Supervision of Commodity Derivatives Markets ("Principles"), which updates its 2012 review of the implementation of IOSCO's Principles for Commodity Derivatives Markets. According to the survey, a majority of the respondents in the 2014 update were "broadly compliant" with the Principles. See: Update to Survey on the Principles for the Regulation and Supervision of Commodity Derivatives Markets. See also: Survey on the Principles for the Regulation and Supervision of Commodity Derivatives Markets (2012 Report).

IOSCO issued a proposed Statement on Non-GAAP Financial Measures, which sets out IOSCO's expectations for issuers with respect to their presentation of financial measures other than those prescribed by Generally Accepted Accounting Principles ("GAAP"). According to IOSCO, non-GAAP financial measures provide additional insight into an issuer's financial performance, financial condition and/or cash flow. IOSCO stated, however, that problems can arise when non-GAAP financial measures are presented inconsistently or defined inadequately, or when they obscure financial results that are determined