European Parliament April 13, 2011 The European Parliament has set a debate date for 9 May and an EP plenary sitting (indicative date) date for 5 August to discuss short selling and certain aspects of credit default swaps.

April 15, 2011 ESMA has published a discussion paper (ESMA/2011/121) setting out its proposed approach, including alternative options where relevant, for developing the future rules for alternative investment fund managers. The discussion paper asks for stakeholders' views on points including: how to identify the portfolios of Alternative Investment Funds (AIFs) under management by a particular fund manager and the calculation of the total value of assets under management; how leverage influences the assets under management; how to determine the value of the assets under management by an AIF

Progress report on Implementation April 15, 2011 The Financial Stability Board (FSB) published today a progress report on implementation of OTC derivatives market reforms. The report summarises progress made toward implementation of the G20 commitments concerning standardisation, central clearing, exchange or electronic platform trading, and reporting of OTC derivatives transactions to trade repositories. In particular it looks at progress against the 21 recommendations set out in the FSB's October 2010 report for implementing reforms in an internationally consistent and non-discriminatory

International Organization of Securities Commissions April 15, 2011 The Technical Committee of the International Organization of Securities Commissions (IOSCO) has published its "Task Force on Commodity Futures Markets - Report to the Financial Stability Board (Report)". The Report sets out IOSCO's current work on the supervision of commodity derivative markets, market transparency, and the ongoing monitoring of developments in OTC financial oil markets. The Report was prepared in response to the G20's request in Seoul, November 2010, for an update to be provided to the Financial Stability

MFA Comment Letter RIN 3038-AD30 April 12, 2011 MFA submitted comments to the CFTC on its proposal to rescind sections 4.13(a)(3) and (a)(4), exemptions from registration as a commodity pool operator (CPO), in which it expressed concerns that wholesale rescission of these exemptions would require many investment advisers to dually register as CPOs, and require unnecessary, duplicative and burdensome regulation. MFA recommend that the Commission preserve and amend the exemption in: (1) section 4.13(a)(4) for an investment adviser who is registered with the SEC; and (2) section 4.13(a)(3) for an