On November 15, the UK Financial Conduct Authority (FCA) updated its webpage (webpage) in connection with position limits for commodity derivative contracts.Under the revised Markets in Financial Instruments Directive (MiFID II), limits are required to be established on the size … [Read more...] about FCA Publishes Further Set of Position Limits for Commodity Derivative Contracts
Financial Institutions & Banking
This is what we see at the present time: Congressional ActionOn the congressional front, we have not been optimistic about the general prospects for changes to the Dodd-Frank Act or other financial reform legislation. But Senate Banking Committee Chair Mike Crapo and several … [Read more...] about A Brief Look at the Current Prospects for Financial Reform
The vacancy presents the president with an opportunity to appoint a director who shares the administration’s views on financial regulation and can put the agency on a different regulatory path. In due course, the president will nominate someone to fill the post permanently, … [Read more...] about CFPB – What’s Next?
On November 15, the Financial Industry Regulatory Authority released an update on actions it has thus far taken under the “FINRA360” initiative, which is an ongoing comprehensive review of FINRA’s operations. As of November 13, these actions include: 1) … [Read more...] about FINRA Releases Summary of Phase 1 Changes to FINRA Advisory Committees Under FINRA360
On November 15, the Financial Industry Regulatory Authority issued a Regulatory Notice concerning the Securities and Exchange Commission’s approval of SEC Rule 6898 (Consolidated Audit Trail (CAT) Fee Dispute Resolution). The new rule establishes a procedure under which an … [Read more...] about FINRA Releases a Regulatory Notice That the SEC Approved the CAT Fee Dispute Resolution Process