The House Financial Services Committee Chairman Jeb Hensarling (R-TX) announced the committee's hearing schedule for the first half of June. Witnesses for each hearing will be announced at later dates. June 5 at 10 a.m. – The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing to examine the market power and impact of proxy advisory firms. June 12 at 10 a.m. – The Financial Services Committee will hold a hearing on alternative housing finance models. June 12 at 2 p.m. – The Capital Markets and Government Sponsored Enterprises Subcommittee will hold a hearing

The U.S. Department of Treasury posted to its website revised versions of Annex II to both the Model 1 and Model 2 IGAs. Annex II to the IGAs contains a description of exempt beneficial owners, deemed-compliant foreign financial institutions, and financial accounts excluded from FATCA reporting. The newest versions of Annex II, dated May 28, 2013, contain only slight modifications from the versions posted on the Treasury's website on May 9, 2013. The primary change in the new versions is to make clear that the special rules applicable to Investment Entities to avoid duplicative reporting are

SIFMA submitted two applications with the SEC for an order setting aside rule changes of certain SROs limiting access to market data; i.e., increasing the fees that the SROs are charging to obtain the data. See : SIFMA Application for an Order Setting Aside Rule Changes of Certain SROs Limiting Access to Their Services. See also : SIFMA Application for an Order Setting Aside Rule Change of NYSE Arca Limiting Access to Its Services.

The CFTC is adopting regulations, to implement Dodd-Frank Section 727 ("Public reporting of swap transaction data"), that define the criteria for grouping swaps into separate swap categories and establish methodologies for setting appropriate minimum block sizes for each swap category. In addition, the CFTC is adopting further measures – regulations to prevent the public disclosure of the identities, business transactions and market positions of swaps market participants. Effective Date : July 30, 2013. See : 78 FR 32866.

The text of the Intergovernmental Agreement ("IGA") under FATCA between Germany and the United States was released by Germany on May 31, 2013, following approval of the IGA by the German Cabinet. As previously disclosed, the IGA is a reciprocal Model 1 IGA under which German financial institutions will report information with respect to financial accounts held directly or indirectly by U.S. persons to the German government for automatic transmittal of such information to the United States. The text of the base IGA is essentially identical to the latest version of Model 1A (Reciprocal)