The purpose is to: (i) further define certain terms; (ii) provide for the regulation of mixed swaps; and (iii) adopt specified books and records rules. The final rulemaking includes proposed rules and interpretive guidance regarding the terms "swap," "security-based swap," and "security-based swap agreement," which the Dodd-Frank Act requires the CFTC and SEC, with the Federal Reserve Board, to jointly further define. In addition, the statute provides that the Commissions shall jointly prescribe regulations regarding "mixed swaps" as are necessary to carry out the purposes of Title VII of the

The final rulemaking implements the exception to the clearing requirement for non-financial entities and small financial institutions established by Congress in the Dodd-Frank Act. The final rule establishes criteria for determining whether a swap hedges or mitigates commercial risk for purposes of electing the exception, and also specifies the information that counterparties must report to satisfy the notification requirement. View Q&A on the end-user exception here(links externally to CFTC website).

The SEC charged five physicians with insider trading in the securities of an East Lansing, Mich.-based holding company for a medical professional liability insurer. View press release in full here (links externally to SEC website). Additional Materials: SEC Complaint

The SEC charged Texas-based medical device company Orthofix International N.V. with violating the Foreign Corrupt Practices Act (FCPA) when a subsidiary paid routine bribes referred to as "chocolates" to Mexican officials in order to obtain lucrative sales contracts with government hospitals. View press release in full here (links externally to SEC website). Additional Materials: SEC Complaint

View notice in full here (links externally to SEC website).