The CFTC published in the Federal Register an Agency Information Collection request regarding certain information required to be collected on security futures products and the burden of collecting that information. Responses are due by March 26, 2014. See: 79 FR 10126.

The SEC announced a settlement with Credit Suisse Group AG that resolved charges that CSAG, acting through a non-U.S. broker-dealer and investment adviser, violated federal securities laws by providing cross-border brokerage and investment advisory services to U.S. clients without registering with the SEC. The Order stated that Swiss-based relationship managers traveled to the U.S. to solicit clients, provide investment advice, and induce securities transactions. These employees were not registered to provide brokerage or investment advisory services, nor were they affiliated with a registered

SEC Chair Mary Jo White delivered a speech at SEC Speaks 2014, discussing the current state of the SEC as well as its 2014 agenda. Chair White explained that much progress has been made on the nearly 100 new rulemaking mandates required by Dodd-Frank and the JOBS Act, including identity theft rules, money market fund rules and rules regarding bad actors, among others. However, White stated that funding for the SEC still "falls significantly short" of the level it needs to continue to fulfill its mission to investors, companies, and the markets. Chair White went on to describe the SEC's "other

The Board of the International Organization of Securities Committee ("IOSCO") met in Kuala Lumpur to discuss key issues facing global financial markets and securities regulators. The IOSCO agreed to measures that deliver on its commitments to the G20/FSB reform priorities to focus on supporting market-based financing as a driver of economic growth. Additionally, the group said it made progress on organizational and cooperation initiatives designed to ensure that IOSCO has the funding, organizational framework, and outlook needed to anticipate and respond to issues in emerging and advanced

The International Swaps and Derivatives Association ("ISDA") announced the publication of the 2014 ISDA Credit Derivatives Definitions, which revises the 2003 ISDA Credit Derivatives Definitions that contains the basic terms used in the documentation of most credit derivatives transactions. The 2014 ISDA Credit Derivatives Definitions introduce several new terms, including: bail-in/financial terms for credit default swap ("CDS") contracts on financial reference entities: incorporates a new credit event triggered by a government-initiated bail-in and a provision for delivery of the proceeds of