The CFTC approved a final order that exempts certain specified transactions of Regional Transmission Organizations (RTOs) and Independent System Operators (ISOs) from certain provisions of the Commodity Exchange Act (CEA) and Commission regulations. Cadwalader represented PJM Interconnection, L.L.C and the Electric Reliability Council of Texas, Inc. in obtaining the exemptive order.The Commission voted to approve the relief 5 to 0 via seriatim. The final order exempts the purchase or sale of specifically defined "financial transmission rights," "energy transactions," "forward capacity

The CFTC approved by a seriatim vote of 5-0 a Final Order that exempts certain non-financial energy derivative transactions between and among government-owned electric utilities and cooperatively owned electric utilities from most of the requirements of the Commodity Exchange Act (CEA). The entities eligible for the relief are charged with the unique public service mission of providing their customers with reliable, affordable electric energy service. Dodd-Frank directed the CFTC to provide such an exemption for certain transactions between certain electric utilities if it is in the public

The NFA published a notice to members on reporting requirements for Good Friday, March 29, 2013. See: NFA Notice I-13-09.

The SEC organized the "Advisory Committee on Small and Emerging Companies" to provide the SEC with advice as to the regulation of such companies under the securities laws, consistent with both the goals of capital formation and of protecting investors. The Committee issued four letters with various recommendations, as described below: Trading Spreads for Smaller Exchange-Listed Companies (March 21, 2013) (larger tick sizes should be adopted as to small issuers to encourage market-making) Specialized Disclosure Requirements (March 21, 2013) (providing an exemption from the Dodd-Frank

SIFMA announced that Matt Nevins has joined SIFMA as managing director and associate general counsel with SIFMA's Asset Management Group ("AMG"). Prior to joining SIFMA, Mr. Nevins was vice president and associate general counsel at Fidelity Investments, where he was responsible for supporting Fidelity Asset Management's Equity Division in its derivatives and trading activities. The areas he covered in this role included: swaps, options and futures, commodity investments, foreign exchange transactions, and equity trading. In addition, he supported Fidelity's Counterparty Research group, as