The Delta Strategy Group released a summary of the Basel Committee on Banking Supervision's potential changes to the interim capital rules. Attached are the two June consultative reports released by the Basel Committee: The first consultative document suggests potential changes to the capital treatment of exposures to Qualifying Central Counterparties ("QCCPs");and The second consultative document describes a proposed method of calculating counterparty credit risk exposure called the non-­internal model method ("NIMM"). Separately, the OCC and Federal Reserve Board approved on July 2 final

The NFA issued a Q&A style interpretive notice in response to NFA Members' frequently asked questions regarding NFA assessment fees. The notice is intended to serve as a reference tool for Members and provides clarification on the following topics: Definitions; The manner and frequency of payments; The proper form of invoicing the assessment fee; and The applicability of the NFA assessment fee in different situations. See: NFA Interpretive Notice 9016.

The SEC announced on July 1, 2013, that it charged three individuals with insider trading in connection with the acquisition of Rohm Haas by Dow. The complaint alleges that one of the three charged individuals obtained the confidential information from his then live-in girlfriend, now his wife, who was the administrative assistant to Dow's CFO. However, the girlfriend/wife was not charged, as her failing seems to have been to not hide the relevant information from her boyfriend; there is no assertion that she was involved in the trading decisions. See: Click here to view the SEC Litigation

A federal district court upheld a challenge by four trade associations (American Petroleum Institute, Independent Petroleum Association of America, U.S. Chamber of Commerce, and National Foreign Trade Council) ("API") to SEC Rule 13q-1 ("Disclosure of Payments Made by Resource Extraction Issuers"), which requires resource extraction issuers to annually disclose payments made to a foreign government in connection with the issuer's commercial development of oil, natural gas or minerals. The court granted API's motion for summary judgment, vacated the SEC's rule, and remanded it to the SEC for

The July 4th holiday will impact the following regulatory filings: Daily segregated, 30.7 secured, clear swaps collateral and daily forex statements are required to be submitted by noon on July 5, 2013; Daily segregated statements are not required to be prepared as of July 4, 2013; Daily 30.7 secured, cleared swaps customer collateral and forex statements are required to be prepared as of July 4, 2013, and to be submitted by noon on July 5, 2013. If an FCM is required to file a July 4, 2013 Daily 30.7 secured or cleared swaps customer collateral statement, it should also include the most