SIFMA and the International Swaps and Derivatives Association, Inc. ("ISDA") have submitted comments to the CFTC on the made-available-to-trade ("MAT") submission by MarketAxess for certain credit default swaps pursuant to CEA Section 5(c) ("Common Provisions Applicable to Registered Entities") and CFTC Rule 40.6(a) ("Self-Certification of Rules"). According to the comment letter, SIFMA and ISDA support the contract-by-contract approach taken by MarketAxess with respect to the six factors set out in the submission. The agencies also support MarketAxess's demonstration of how it supports the

The National Futures Association's ("NFA") amendments to NFA Financial Requirements Section 10 ("Late Financial Transactions") and Section 13 ("Forex Dealer Daily Reports"), and NFA Compliance Rule 2-48 ("Forex Member Dealer Daily Trade Data Reports"), became effective on December 2, 2013. See: Amendments to Financial Requirements Section 10; Amendments to Financial Requirements Section 13; Amendments to Compliance Rule 2-48. See generally: NFA Rule Calendar.

The Managed Funds Association ("MFA") submitted comments to the SEC in response to the notice of FINRA amendments to Rule 5123 ("Private Placement of Securities"). The amendments would require broker-dealers to provide additional information about an issuer to FINRA, along with a private placement memorandum or other disclosure document, in connection with certain private placements conflicts. The MFA previously submitted comments regarding Rule 5123 which expressed concerns about the scope of FINRA's amendments, the authority of FINRA in implementing the rule, and the expedited approval

FINRA has filed with the SEC an amendment to the proposed rule change to FINRA Rule 5210("Publication of Transactions and Quotations"), which was originally filed in August. In the initial rule filing, FINRA proposed to add "Supplementary Material .02" to FINRA Rule 5210 to emphasize that wash sale transactions are generally non-bona fide transactions, and that members have an obligation to put policies and procedures in place to review their trading activity for, and to prevent, wash sale transactions. The SEC received five comment letters regarding the proposed rule, and FINRA filed

FINRA released a podcast summarizing the latest FINRA notices, news and compliance resources for November 2013. See the links below for topics in the FINRA podcast that were previously covered in the Cabinet news. See: FINRA Podcast: November 2013 Monthly Recap. Related news: FINRA Proposed Rule Change to Extend Tier Size Pilot of FINRA Rule 6433 (November 6, 2013); FINRA Regulatory Notice 13-39: SEC Approved Amendments to FINRA Rule 2360 and Rule 4210 Regarding OTC Options Cleared by OCC (November 7, 2013); FINRA Releases Enhanced Version of BrokerCheck (November 12, 2013); FINRA Proposes