The SEC announced that it has adopted the revised EDGAR Filer Manual for Release 12.2, which will become effective when the adopting SEC release is published in the Federal Register (which is expected to appear on October 15). From this date, draft registration statements and amendments (and related correspondence) must be submitted or filed via the EDGAR system. View announcement here (links externally to SEC website).

MFA submitted a comment letter to the SEC in response to its proposed implementation of JOBS ActSection 201 ("Modification of exemption"). In this letter, MFA expressed support for the SEC's proposed approach for an issuer to take reasonable steps to verify that a purchaser is an accredited investor. MFA recommended, however, that the SEC include a safe harbor in the final version of Rule 506(c) that would deem an issuer to have complied with the verification requirement if a purchaser does the following: (i) provides certifications that it is an accredited investor and has not obtained

The CFTC staff is responding to questions from market participants and other interested parties as to the timing of when counterparties will be required to report swap pricing and transaction data as required under the Commission's Regulation Part 45. The CFTC is issuing a Q&A document to help market participants better understand the rule, the reporting that is required and who has the obligation to report. The first seven questions deal primarily with when reporting is first required under the Part 45regulations. Questions 8 and 9 deal with the reporting of historical swaps underPart 46

The FDIC adopted a final rule related to the FDIC's large bank pricing methodology. The final rule, which applies only to institutions with $10 billion or more in assets, defines certain higher-risk assets as used in the deposit insurance pricing scorecards for large and highly complex insured depository institutions. Assets meeting these definitions will generally result in higher deposit assessments. The final rule (i) revises the definitions of certain higher-risk assets, specifically leveraged loans, which are renamed "higher-risk C&I loans and securities," and subprime consumer loans

SEC Commissioner Elisse B. Walter, the SEC's representative on the Financial Stability Board (an international forum of prudential financial regulators), made a speech regarding international coordination (i.e., the process of regulators across jurisdictions working together to develop compatible regimes for the international financial marketplace regulation). Commissioner Walter expressed her concern that national regulation (while appropriate because different countries are at different levels of development in their financial systems and capital markets), if left unaddressed, may