The CFTC made corrections to its final rules on enhancing protections afforded customers and customer funds held by futures commission merchants and derivatives clearing organizations by removing a phrase from Appendix B to CFTC Rule 1.20 ("Futures Customer Funds to Be Segregated and Separately Accounted for") and Appendix B to Rule 1.26 ("Deposit of Instruments Purchased with Futures Customer Funds"). The corrections are effective as of May 12, 2014. See: 79 FR 26831. See generally: CFTC Rules Publication (accessible to Cabinet subscribers only). Related news: CFTC Corrects Typo in Enhanced

CME Clearing Europe ("CME Europe"), CME Group's European clearinghouse, announced that it is the first central counterparty ("CCP") to receive Bank of England approval of the full segregation client protection model with enhanced protection for all bankruptcy scenarios. According to CME Europe, this new client protection model fully segregates collateral with an external custodian at the client level, and is designed to allow the client protection and control of their securities at all times with regard to how client assets would be treated in all bankruptcy scenarios. It is available across

On May 12, 2014, the CFTC's Division of Swap Dealer and Intermediary Oversight ("DSIO") issued its long-awaited advisory (the "Advisory") as to its streamlined approach in requesting no-action relief for CPO delegation in the context of pools requiring a registered CPO ( i.e., CFTC Rule 4.7 pools). With the rescission of CFTC Rule 4.13(a)(4), coupled with the inclusion of swaps in the definition of a commodity pool, there was an increase in the number of registered CPOs and, accordingly, in the number of requests for no-action relief for CPO delegation. The intent of the streamlined approach

The Consumer Financial Protection Bureau ("CFPB") added Regulation Z, also known as the "Truth in Lending Rule," to its "eRegulations" tool in order to present the rule in an easy-to-navigate format. See: Press Release.Click here to view Regulation Z on the CFPB's eRegulations.

Chairman Jeb Hensarling (R-TX), Representative Scott Garrett (R-NJ), and other House Financial Services Subcommittee Chairmen (the "Representatives") requested that the Financial Stability Board and the Financial Stability Oversight Council provide all memoranda or communiques between the Basel Committee, the International Organization of Securities Commissions, and the International Association of Insurance Supervisors concerning the methodologies used to designate global systemically important financial institutions ("G-SIFIs"). The letter is addressed to Secretary of the Treasury Jacob Lew