LCH.Clearnet: LCH offered its strong support of the policy goals underpinned by the proposed guidance and the statutory provisions contained in Title VII of the Dodd-Frank Act, but made several requests, including that the Commission clarify the reach of the CFTC's clearing mandate when clearing occurs on a registered DCO, and that the Commission reconcile statements in the proposed guidance on the applicability of the swap data repository reporting rules with the actual text of those rules in situations in which two non-U.S. persons (neither of whom is required to register as a swap dealer or

Australian Securities and Investments Commission, et al.: The Australian Securities and Investments Commission, Hong Kong Monetary Authority, Monetary Authority of Singapore, Reserve Bank of Australia and Securities and Futures Commission, Hong Kong, submitted a joint comment letter to CFTC Chairman Gary Gensler. The organizations discussed their concern that the CFTC Proposed Guidance (subjecting non-U.S. persons to the swap dealer or major swap participant registration requirements, as well as entity-level and transaction-level requirements) would have the following consequences: Affected

The SEC granted a request for relief from Section 11(d)(1) of the Securities Exchange Act of 1934 with respect to extensions of credit on ETF shares by Charles Schwab & Co., Inc. The SEC confirmed that Schwab could extend margin credit on the ETF shares in spite of the fact it had certain (very limited) business relationships with persons involved in the distribution of the shares. The relationship between Schwab and the ETF providers existed essentially to allow Schwab to hold conferences with respect to ETFs and would not have resulted in any direct cash compensation to Schwab. In effect

The SEC's Office of Investor Education and Advocacy manages a retail-oriented web site. The attached bulletin provides information as to the contents of the services for retail investors available on the site, including the following: Learn how to help avoid investment fraud; Learn how markets work; Educate yourself about investment products; Access investor alerts and bulletins; Use roadmap to saving and investing; Review investing-related publications and research studies; Learn how to choose and work with investment professionals; Access EDGAR (SEC's online database of company filings)

CFA Institute: CFA Institute suggested that the Commission accommodate the interim registration of non-U.S. firms as Swap Dealers and Major Swap Participants as they wait for the implementation of comparable regulation in their home markets. In addition, the Institute believes that the Commission should avoid shortcuts in the due diligence needed to implement the Proposal in order to meet their deadlines. U.S. Chamber of Commerce: Commerce discussed setting an appropriate scope for the Dodd-Frank extraterritorial application, which is crucial for achieving effective cross-border swaps