New SRO rules and rule proposals were announced by the SEC. Click on the links below to view the SEC's notices of the rule changes for the week of January 27-February 2: Products CBOE: Effective Immediately - Rule Change to Extend a Pilot Program to List and Trade P.M.-Settled S&P 500 Index Option Products (see also Exhibit 5) CME: Effective Immediately - Rule Change to Amend the Fee Schedule Applicable to Its OTC Credit Default Swap Clearing Offering Trading Rules CHX: Effective Immediately - Rule Change to Amend the Order Cancellation Fee (see also Exhibit 5) CHX: Effective Immediately -

The U.S. – EU Financial Markets Regulatory Dialogue ("FMRD") met to exchange information on regulatory developments, identify potential regulatory conflicts and discuss shared interest in developing robust standards. The participants agreed to address and implement in a timely manner the G20 commitments on OTC derivatives, including the agreement to trade on standardized derivatives on organized platforms. Representatives included the European Commission ("EC"), European Supervisory Authorities ("ESAs"), European Banking Authority, European Insurance and Occupational Pensions Authority

In three separate letters, SIFMA and six other financial industry associations filed comments with the Office of the Comptroller of the Currency ("OCC"), the Board of Governors of the Federal Reserve System ("FRB") and the Federal Deposit Insurance Corporation ("FDIC") (collectively, the "Federal Agencies") on the proposed rules regarding the liquidity coverage ratio ("LCR"). The letters contained comments on the LCR proposal in connection with international standards, securitization and municipal securities. In the first letter (linked below), SIFMA, the Structured Finance Industry Group (

On December 2, 2013, FINRA filed with the SEC a proposed rule change to add a new entrant to the Alternative Display Facility. The SEC received no comments on the proposal. This order approved the proposed rule change. As previously reported, ADF is a quotation collection and trade reporting facility that provides ADF Market Participants with the ability to (i) post quotations, (ii) display orders, (iii) view real-time data, including enforcement requirements from the SEC, and (iv) report transactions in national market system ("NMS") stocks for submissions to the Securities Information

The SEC issued no-action relief under Exchange Act Section 15(a) ("Registration and Regulation of Brokers and Dealers"), specifying that the SEC would not take action against an M&A Broker if the broker were to effect securities transactions in connection with the transfer of ownership of a privately held company without registering as a broker-dealer pursuant to Exchange Act Section 15(b) subject to a substantial number of conditions, including that the purchasing buyer or group of buyers (i) take at least 25% of the interest in the company and (ii) actively operate the company. The initial