SEC Commissioner Mark T. Uyeda argued that the securities laws were not designed with variable insurance products in mind and highlighted ongoing efforts to improve disclosure.

The New York State Department of Financial Services adopted amendments to state cybersecurity program requirements applicable to entities that operate under a license or registration provided under New York Banking Law, Insurance Law or Financial Services Law.

The SEC adopted final rules implementing a framework for registering and regulating security-based swap execution facilities.

The North American Securities Administrators Association introduced the Investment Adviser Representative Exam Validity Extension Program.

The CFTC reported that over the past fiscal year, it granted seven applications totaling approximately $16 million in cases in which individuals voluntarily provided original information that led to successful enforcement actions.