SIFMA submitted the attached comments to the Colorado State Senate Labor Committee in opposition of social media legislation HB 1046, arguing that the legislation would prohibit employers from requiring that current or prospective employees provide employers with access to their personal social media accounts. In the letter, SIFMA asserts that while the securities industry has no interest in accessing employee accounts that are used exclusively for personal use, the problem is that many people use the same account for both personal and business activity. SIFMA states that the legislation

The Securities and Futures Commission (SFC) has conducted its fourth fact-finding survey on the Hong Kong hedge fund industry in conjunction with a data collection exercise coordinated by IOSCO concerning global hedge fund activities. The attached report aims to provide an update on the Hong Kong hedge fund industry and hedge fund assets under management (AUM) as of September 30, 2012. From 2010 to September 2012 hedge fund industry and AUM increased almost 38% to $87.1 billion. The total number of hedge funds managed by licensed hedge fund managers in Hong Kong also increased, from 538 in

The CFTC's Division of Swap Dealer and Intermediary Oversight ("DSIO") announced in a letter that it is taking a no-action position to provide relief from IB or CTA registration requirements for certain entities, and their employees, that act as agents of a swap dealer that is not yet registered but is in the process of being registered. The relief is subject to a good number of conditions including that the various affiliates often are subject to joint and several liability for the conduct of any employees of the entity acting as agent. The letter extends relief that the DSIO had previously

The CFTC Division of Market Oversight, Division of Swap Dealer and Intermediary Oversight ("DSIO"), and Division of Clearing and Risk extended a previously issued no-action letter (CFTC Letter 12-11) issued to Regional Transmission Organizations and Independent System Operators to give them time to comply with the conditions in a final exemptive order that the CFTC had issued on March 28, 2013. Cadwalader represented PJM Interconnection, L.L.C. and the Electric Reliability Council of Texas, Inc. in connection with this matter. See : CFTC Extension of RTO/ISO No-Action Relief. Related News :

The SEC announced the agenda for its April 16th roundtable, which will address: (i) market structure for municipal securities, (ii) corporate bonds and asset-backed securities, and (iii) whether steps can be taken to improve the transparency, liquidity, execution quality, and efficiency of the market structure for such securities. The roundtable will be divided into four panels, which will address the general background of each security, the differences between them, how each market has evolved in the last decade given the advances in technology and communications, and the process by which