FINRA and the other U.S. members of the Intermarket Surveillance Group ("ISG members") announced that the effective date for compliance with certain new data elements for Electronic Blue Sheets ("EBS") identified in Regulatory Notice 13-16 has been extended to May 1, 2014. FINRA and the other ISG members have also extended the effective date for compliance with certain other data elements to be consistent with the exemptive relief provided by the SEC, which extended the compliance date for certain broker-dealer recordkeeping and reporting requirements of Exchange Act Rule 13h-1("Large Trader

The CFTC's Division of Market Oversight issued a letter providing time-limited extensions for relief for swaps in the FX asset class. The time-limited extensions are provided for the following no-action letters: CFTC Letter No. 13-55 (amended) (Time-Limited No-Action Relief for Temporarily Registered Swap Execution Facilities from Certain Swap Data Reporting Requirements of Parts 43 and 45 of the Commission's Regulations); CFTC Letter No. 13-56 (Time Limited No-Action Relief for Reporting Counterparties from Certain Continuation Data Reporting Requirements of Section 45.4 of the Commission's

The CFTC has approved the application of Chicago Mercantile Exchange Inc. for temporary registration as a swap execution facility ("SEF") pursuant to CEA Section 5h ("Swap Execution Facilities") and CFTC Rule 37.3(c) ("Requirements and Procedures for Registration"). See: CFTC Letter to Chicago Merchantile Exchange; CFTC Press Release; CME Group Press Release. Related News: CFTC Issues Notice of Temporary SEF Registration to tpSEF Inc. and Tradition SEF, Inc. (with Lofchie Comment) (September 25, 2013); CFTC Issues Notice of Temporary SEF Registration to INFX SEF Inc. (September 24, 2013); CFTC

The OCC released the economic and financial market scenarios that will be used in the next round of stress tests for large financial institutions. Concurrently, the OCC also issued the final "Policy Statement on the Principles for Development and Distribution of Annual Stress Test Scenarios." The scenarios include baseline, adverse, and severely adverse scenarios, as described in the OCC's final rules that implement stress test requirements of the Dodd-Frank Act. Separately, the guidance outlines the consultative processes that the OCC will use to gather information on material vulnerabilities

The National Credit Union Administration ("NCUA") proposed a rule to conduct annual stress tests of federally insured credit unions ("FICUs") with assets of $10 billion or more. Additionally, the NCUA proposes to require those credit unions to develop and maintain capital plans. Comments Due: December 31, 2013. See: 78 FR 65583. Related News: "Federal Reserve Paper: Capital Planning at Large Bank Holding Companies: Supervisory Expectations and the Range of Current Practice" (August 19, 2013).