On September 19th, H.R. 2827 (Amending Exchange Act Provisions Regulating Muni Advisers) passed the House of Representatives and was sent to the Senate for consideration. The purpose of this bill is to amend the Exchange Act in order to clarify provisions relating to the regulation of municipal advisors. Click here to track this bill. View bill in full here (links externally to GPO website). See also: Link on Cabinet to Section 15B (Municipal Securities) of the Exchange Act; September 18 Cabinet news entry.

The Financial Services Authority will be hosting a number of events between October 2012 and January 2013. The events are intended to provide industry participants with the opportunity to meet with representatives across the FSA to discuss current and upcoming developments in changes to the structure of regulatory supervision in the UK. The events will include a number of sector-specific roundtables focusing on the approach of the Financial Conduct Authority, and, on October 22, two separate half-day events jointly sponsored by the Bank of England and the FSA will focus on the Prudential

The CFTC announced that it has filed a federal civil enforcement action charging Grahame Rhodes of St. Louis (who has never been registered with the CFTC in any capacity). He has been charged with fraud in connection with operating a decade-long, multi-million dollar commodity pool Ponzi scheme. View complaint here(links externally to CFTC website). See also: CFTC Press Release.

A PDF of this bill is now available via the GPO website. Click here. See also Related news entry from September 18.

Two supplementary regulations to the regulation on short selling and credit default swaps have been published in the Official Journal of the European Union. The regulations have entered into force today and will apply from November 1, 2012 (except for certain excluded provisions). The published regulations cover a number of issues, including: the content of notifications and disclosures of net short positions and the means for making such notifications and disclosures; the method for calculating turnover to determine the principal trading venue of a share; and agreements, arrangements and