CFTC PR 6009-11 March 23, 2011 The CFTC is requesting public comment on a petition submitted by the Options Clearing Corporation (OCC) to amend a November 5, 2004 Order issued by the Commission under Section 4d of the Commodity Exchange Act. The Order permits OCC to operate an internal non-proprietary cross-margining program for market professional customers who trade futures products and securities products that are cleared by OCC in its capacity as a derivatives clearing organization and a securities clearing agency, respectively. Cross References CEA Sec. 4d

Financial Services Authority The FSA has published its Newsletter on Market Conduct and Transaction Reporting Issues. The issue includes the following sections: Data integrity Monitoring outsourcing arrangements Use of default time Intention to move from FRN to BIC only for reporting firm ID Interfund reporting - a change to our policy Counterparty / client validation Change in validating the instrument type field Reporting life-cycle events on OTC derivatives Pricing credit default swaps Electronic STR submission

March 22, 2011 ISDA has published a revised draft of the Credit Derivatives Determinations Committees Rules, which has been approved by each of the five Determinations Committees, for public comment. The amendments include the implementation of the June 11, 2010 Amendments and a number of clarificatory amendments. The final version of the DC Rules will be published on the ISDA website on Tuesday 29th March 2011.

Sumitomo Mitsui Financial Group, Inc. February 7, 2011 The Staff or the SEC Division of Trading and Markets published a letter granting an exemption under Rule 102 of Regulation M to a Japanese firm relating to purchases made or arranged by the firm of its common stock in connection with a distribution of its securities and a share exchange. The exemption allows the firm to arrange through a subsidiary a purchase of shares of its own stock during the Reg. M restricted period. Cross References Reg. M, Rule 102 Barclays PLC, No-Action Letter (August 2, 2007)

SEC No-Action Letter: LCH.Clearnet Limited March 16, 2011 The SEC Division of Investment Management granted no-action relief under § 17(f) of the Investment Company Act to LCH.Clearnet Limited to allow registered investment companies or their custodians to maintain assets in the custody of LCH.Clearnet or an LCH clearing member that is a futures commission merchant registered with the CFTC, for purposes of meeting margin requirements for certain interest rate swaps cleared by LCH. Cross References Investment Company Act § 17(f) Investment Company Act Rule 17f-6