Test assessing secondary completion

Compliance Weeds: The IFUS settlement is an unexpected application of the exchange’s disruptive trade practice rule that seemingly—on its face—requires an intentional action to be a violation. Under the plain language of IFUS rule 4.02(l)(2), it is prohibited to “[engage] in any … manipulative or disruptive trading practices prohibited by the [Commodity Exchange] Act or by the [Commodity Futures Trading Commission] pursuant to Commission regulation, including, but not limited to … knowingly entering, or causing to be entered, bids or offers, other than in good faith for the purpose of executing bona fide [t]ransactions.” (Click here to access ICE Futures U.S.'s rules.) It is difficult to understand from IFUS’s published disciplinary notice how Liger’s ATS breakdown because of a “software bug” satisfies the intent requirement of this provision. There is another section of the same rule … [Read more...] about HFTs; MF Global; Another CFTC Big Fine; ATS Breakdowns; Fed Study Assesses Clearing: Bridging the Week March 23 to 27 and 30, 2015

The next question, then, was how would I get my first case? Because people would not have confidence in me to give me their cases. Mr. Bajpai asked me not to worry and assured me that he would give me seven cases in the beginning. He was the Development Commissioner of Delhi at that time and headed the administration of all the gaon sabhas. There was a lot of litigation in the gaon sabhas stemming from the 20-point programme introduced in 1977. The zamindars continued in illegal possession of land and refused to vacate the same. He empaneled me the very same day when I registered. I then took the cases relating to seven regions in a village called Siraspur in Delhi. In those cases, the gaon sabhas had lost up to the level of the Financial Commissioner and the matter was listed for the High Court in two days on stay. I read the petition and found that it had many defects – the petition itself was drafted in a defective fashion. The matter was listed before Justice Wad. Justice Wad … [Read more...] about IDAP Interview Series: Interview VIII With Senior Advocate SK Rungta

Draft Regulation Would Add CMR Substances To REACH Annex XVII:  On July 28, 2017, the EC notified the World Trade Organization (WTO) of a draft regulation that would include within the scope of entries 28 to 30 of Annex XVII to the REACH regulation a list of substances with the effect of restricting their placing on the market or use for supply to the general public as substances on their own, as constituents of other substances, or in mixtures. The draft regulation would impose the requirement to mark packaging with the label “restricted to professional users.” The EC drafted the regulation consequent to the recent classification of these substances as carcinogenic, mutagenic, or toxic to reproduction (CMR) category 1A or 1B. … [Read more...] about Top International News in Chemical Policy and Regulation- September 2017: European Union

CRS Outlines Air Quality Standard Compliance ChallengesThe Congressional Research Service argued in report October 25 that the U.S. Court of Appeals for the District of Colombia’s decision to remand regulations designed to reduce power plant pollution that crosses state lines could make it more challenging for some areas to comply with air quality standards for fine particulate matter. The report, 2006 National Ambient Air Quality Standards for Fine Particulate Matter (PM2.5): Designating Nonattainment Areas, finds that certain areas could face difficulty due to the Environmental Protection Agency’s delay of air toxics standards for boilers, its proposed two-year compliance delay for cement kiln air toxics standards, and its decision to delay mercury air toxics standards for new coal-fired power plants. … [Read more...] about Energy and Environment Law Update 10/29/12

In addition to significant early input from environmental and industry representatives, Congress is already discussing the forthcoming rule. A bipartisan group of 47 senators asked the agency May 22 to provide a 120-day comment period for the proposed rule in order for parties to have sufficient time to review it. Meanwhile, six Republican senators sent a separate letter last week requesting that the agency not propose the rule at all. Seven Democratic senators asked President Obama May 21 to rethink the rule, recommending that the agency focus on regulations that do not cause difficulties for the coal industry while still encouraging energy solutions that reduce the nation’s carbon footprint. More than two-dozen Democratic lawmakers led by Senate Environment and Public Works Chair Barbara Boxer (D-CA), Senators Sheldon Whitehouse (D-RI) and Ed Markey (D-MA), and Representative Henry Waxman (D-CA) held a “Sound the Alarm” rally May 21 to express … [Read more...] about Energy & Environmental Law Update – May 27, 2014