Delta Strategy Group issued an updated version of its CFTC Implementation of Trading Requirements Timeline. The timeline includes dates relevant to the execution of package transactions, as well as information regarding the potential change to initial block sizes for swaps. Click here to view the updated CFTC Implementation of Trading Requirements Timeline by Delta Strategy Group. Related news: Revised Estimated Timeline for Implementation of Various CFTC Rules (prepared by Delta Strategy Group) (September 19, 2013).

The Office of the Comptroller of the Currency ("OCC") issued a Notice of Proposed Rulemaking ("NPRM") to integrate rules for national banks and Federal savings associations relating to policies and procedures for corporate activities and transactions. Prior to the enactment of Dodd-Frank, the OCC had regulatory oversight of national banks while the Office of Thrift Supervision ("OTS") regulated Federal savings associations. Dodd-Frank eliminated the OTS and gave the OCC regulatory authority over Federal savings associations. The NPRM is part of the OCC's ongoing effort to consolidate rules

SIFMA provided comments and suggested changes to the IRS and the U.S. Treasury Department ("Treasury") regarding the 2014 temporary and related proposed regulations under Section 1298(f) of the Internal Revenue Code ("IRC"), which requires shareholders of passive foreign investment companies ("PFICs") to file with its annual tax return an information return on Form 8621 with respect to each PFIC in which it holds a direct or indirect shareholder interest. SIFMA requested that the temporary and proposed regulations be modified to provide that they do not apply to securities held by dealers in

SIFMA provided comments to the SEC on the MSRB immediately effective proposal of Rule A-11, on Assessments for Municipal Advisor Professionals, urging the SEC to suspend the rule change. According to the comment letter, SIFMA opposes the proposed fee increases in Rule A-11, and urged the SEC to suspend the rule change and institute proceedings to disapprove the proposal. SIFMA stated that the proposed changes are inconsistent with Dodd-Frank as there is not a "reasonable relationship" between the amounts assessed to municipal advisors and the level of rulemaking, system development and

The House Financial Services Committee held a continuation of a markup to vote on 11 bills that are intended to enhance capital formation for small and emerging growth companies and provide regulatory relief for community financial institutions. The Committee reported all of the bills favorably to the House Floor, with two bills receiving unanimous votes, two bills agreed to by voice vote, and the remaining bills approved along party lines. Click here for a summary of the markup meeting by Delta Strategy Group. See: House Financial Services Committee Webcast of the Meeting; House Financial