FINRA RN 11-19 April 27, 2011 FINRA announced that the effective date for its recently approved rulemaking to adopt new books and records rules in the consolidated FINRA rulebook will be December 5, 2011. The new rules are substantially derived from NASD Rule 3110 and NYSE Rule 410 (and the interpretations thereto). Among other things, the rule change adopts (1) NASD 3110(a) as FINRA Rule 4511; (2) NASD Rule 3110(d-e) as FINRA Rule 4512; (3) NASD Rule 3110(f) as FINRA Rule 2268; (4) NASD Rule 3110(g) as FINRA Rule 4514; (5) NASD Rule 3110(h) as FINRA Rule 7440(a)(4); and (6) NASD Rule 3110(j)

CFTC-SEC Title VII Rulemaking Roundtable 76 FR 23221 April 26, 2011 Staff of the SEC and CFTC will hold a public roundtable meeting on May 2 and 3rd, 2011, at 4 p.m., staff of the Agencies at which invited participants will discuss various issues related to the schedule for implementing final rules for swaps and security-based swaps under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The notice includes a concurring statement from Commissioner O'Malia stating that he "strongly recommend[s] that the Commission submit both a proposal on the order in which the Commission will

CFTC Dodd Frank Rulemaking 76 FR 23732 April 28, 2011 Comment Period Closing Date: June 27, 2011 The proposed regulations would implement the new statutory framework of Section 4s(e) of the Commodity Exchange Act ("CEA"), added by Section 731 of the Dodd-Frank Act, which requires the Commission to adopt capital and initial and variation margin requirements for certain swap dealers ("SDs") and major swap participants ("MSPs"). The proposed rules address initial and variation margin requirements for SDs and MSPs. The proposed rules will not impose margin requirements on nonfinancial end users

CFTC Dodd Frank Rulemaking CFTC PR 6026-11 April 27, 2011 Fact Sheet: Proposed Rules Regarding Capital Requirements for Swap Dealers and Major Swap Participants Q&A: Capital Requirements for Swap Dealers and Major Swap Participants Fact Sheet: Proposed Rulemaking on Amendments to Adapt Certain CFTC Regulations to the Dodd-Frank Act Q&A: Amendments to Adapt Certain CFTC Regulations to the Dodd-Frank Act Fact Sheet: Proposed Rules and Interpretive Guidance on Product Definitions Q&A: Proposed Rules and Interpretive Guidance on Product Definitions Fact Sheet: Proposed Rule on the Protection of

SEC Release No. 34-64341 April 26, 2011 The SEC published for comment a FINRA proposal to amend Rule 5131 (New Issue Allocations and Distributions) to (1) "simplify" the spinning provision and (2) delay the implementation date of certain provisions. The proposal would delete paragraph (b)(1) of the rule, regarding the maintenance of policies and procedures to ensure that "investment banking personnel" are not involved in new issue allocation decisions. FINRA stated that the amendment is intended to address concerns that the term "investment banking personnel" could be read to prohibit certain