The SEC is adopting revisions to the Electronic Data Gathering, Analysis, and Retrieval System ("EDGAR") Filer Manual, and related rules, to reflect updates to the EDGAR system. The revisions are being made primarily to submission form types 13F-HR and 13F-HR/A and to support updates to Form D. See: SEC Adoption of Updated EDGAR Filer Manual. See also: SEC Publishes Revised Form D (September 23, 2013); SEC Adoption of Updated EDGAR Filer Manual (Final Rule; Pre-Fed. Reg. Version) (May 17, 2013).

The SEC has created an online forum on which members of the public who are interested in commenting on recent SEC rulemaking can publicly post their views even before an official comment period opens. The SEC will post all submissions to the comment page on the SEC website, and all submissions will be posted without change. The SEC is requesting public comments on the following matters: Title II - Orderly Liquidation of Covered Broker-Dealers; Title III - Transfer of Powers to the Comptroller of the Currency, the Corporation, and the Board of Governors; Title IV - Regulation of Advisers to

The National Futures Association ("NFA") released a notice to members regarding Compliance Rule 2-45 ("Prohibition of Loans by Commodity Pools to CPOs and Affiliated Entities") and a related Interpretive Notice, "Prohibition of Loans by Commodity Pools to CPOs and Affiliated Entities . " The amended Compliance Rule 2-45 and Interpretive Notice prohibit a Member CPO from permitting a commodity pool to use any means to make a direct or indirect loan or advance of pool assets to the CPO or any other affiliated person or entity. However, the Rule does not prohibit all financial transactions

The MSRB adopted a policy for the formal use of economic analysis in MSRB rulemaking which is intended to ensure that regulations support a fair and efficient municipal market, as well as balance the benefits of protections for investors and municipal issuers with the burdens placed on regulated entities. The policy incorporates the core principles of the SEC guidance on economic analysis, which include: identifying the need for a proposed rule; evaluating alternative regulatory approaches; and assessing the benefits and costs, both quantitative and qualitative. Lofchie Comment: The SEC (and

The Managed Funds Association ("the MFA") submitted a comment letter to the SEC regarding FINRA's proposed amendments to Rule 5210 ("Publication of Transactions and Quotations") which seems to expand the scope of prohibited wash sale transactions. In the letter, the MFA stated that the unintentional interaction of orders from one or more algorithms from a single firm ("self-matches") should not be a violation of Rule 5210, and regulators should recognize that, in automated trading environments, a firm's orders from unrelated algorithms may cross. Further, the MFA stated that FINRA's proposed