The Financial Services Authority has issued a statement on the delay in the adoption of new legislation on European Union capital requirements, which is unlikely to take place in autumn 2012 as anticipated. As a result of the delays in the legislative process, it is also unlikely that the measures will be implemented by the expected date of January 1, 2013. The FSA has confirmed that it will continue to prepare for the new provisions nevertheless, in the expectation that the legislation will follow the Basel III implementation timetable. The FSA expects all firms subject to the Capital

The Financial Services Authority has announced that it will publish a document in October providing further details on the formation of the new Financial Conduct Authority next year. The Financial Conduct Authority is set to take over the supervision of the conduct of all firms currently regulated by the Financial Services Authority. It will also supervise firms providing market services and be responsible for overseeing market conduct in general. View announcement in full here (links externally to FSA website).

SEC order instituting administrative and cease-and-desist proceeding pursuant to Sections 203(e) and 203(k) of the Advisers Act. [SL Comment: This disciplinary action really goes to the conduct of, and the personnel involved in, the compliance process. The SEC stated that the firm (i) had failed to adopt remedial measures in response t prior examinations, (ii) its compliance procedures were generally inadequate, having been originally developed for a broker-dealer and not tailored to the firm's advisory business, and (iii) a CCO of whom the SEC "questioned [his] ability to adequately oversee

SEC order instituting an administrative proceeding against Mr. Lonchar pursuant to Rule 102(e) of the SEC's Rules of Practice. The acountant was accused of having "knowingly participated in two schemes to maniipulate . . . publicly reported revenues and earnings." View order in full here (links externally to SEC website).

CBOE - Effective Immediately - Delete Temporary Rule 6.83 CBOE - Effective Immediately - Update References in Rules CBOE - Effective Immediately - Amend the Fees Schedule EDGA - Effective Immediately - Optional Attribution of Orders on the EDGA Book Feed EDGX - Effective Immediately - Optional Attribution of Orders on the EDGX Book Feed NASDAQ OMX BX - Effective Immediately - Delay the Implementation Date of Non-Display of Primary Pegged Orders with an Offset Amount NYSE - Final Rule - Amending Independence Policy of the Board of Directors of NYSE Euronext and Creating a New Independence