Page 18 - February 2017 Regulatory Review

CFTC is proposing technical amendments to its
regulations that govern registration and review of SEC Finalizes Rule Adjusting Civil
exchange disciplinary, access denial or other adverse Monetary Penalties.
actions. The proposed rule integrates existing
advisory guidance and the amendments to part 9 The Securities and Exchange Commission (SEC) has
would also incorporate swap execution facilities adopted a final rule to adjust the maximum amount of
(SEFs) and update provisions currently applicable to civil monetary penalties for inflation. This adjustment
designated contract markets (DCMs). The proposed will apply to all penalties imposed after the effective
rule revises existing rules to delete numerous cross- date of this final rule for violations that occur after
references to previously deleted regulations and adds 11/02/2015. For violations that occurred on or before
citations to applicable parallel provisions for SEFs 11/02/2015, SEC is reinstating the penalty amounts
and DCMs. Additionally, the proposed rule addresses in its prior penalty adjustments. The final rule is
the publication of final disciplinary and access denial effective 01/18/2017. The final rule may be viewed
actions taken by the SEFs and DCMs on their at: https://www.gpo.gov/fdsys/pkg/FR-2017-01-
exchange Web sites. Comments are due 03/24/2017. 18/pdf/2017-00421.pdf. Federal Register, Vol. 82,
The proposed rule may be viewed at: No. 11, 01/18/2017, 5367-5373.
https://www.gpo.gov/fdsys/pkg/FR-2017-01-
23/pdf/2017-01232.pdf. Federal Register, Vol. 82,
No. 13, 01/23/2017, 7738-7751. SEC Finalizes Rule Updating EDGAR
Filer Manual.
CFTC Issues Notice of Proposed
Rulemaking on Amendments to Swap SEC has issued a final rule adopting revisions to the
Electronic Data Gathering, Analysis, and Retrieval
Data Access Provisions. System (EDGAR) Filer Manual and related rules to
reflect updates to the EDGAR system. The updates
CFTC has proposed amendments to its regulations are being made primarily to support an upgrade to the
relating to access to swap data held by Swap Data passphrase authentication process; and update the
Repositories. The proposed amendments would recommended Internet browser language for all
implement pertinent provisions of the FAST Act and EDGAR Web sites. The final rule is effective
make associated changes to CFTC’s regulations 02/08/2017. The final rule may be viewed at:
governing the grant of access to swap data to certain https://www.gpo.gov/fdsys/pkg/FR-2017-02-
foreign and domestic authorities by Swap Data 08/pdf/2017-02455.pdf. Federal Register, Vol. 82,
Repositories and to certain other regulations No. 25, 02/08/2017, 9680-9681.
unrelated to such access. Comments are due
03/27/2017. The proposed rule may be viewed at: SEC Requests Comment on Joint
https://www.gpo.gov/fdsys/pkg/FR-2017-01-
25/pdf/2017-01287.pdf. Federal Register, Vol. 82, Standards for Assessing the Diversity
No. 15, 01/25/2017, 8369-8391. Policies and Practices of Entities
Regulated by the Agencies.
CFTC Requests Comment on Rules
Relating to the Operations and Activities SEC has issued a notice to announce it seeks
of Commodity Pool Operators and comment on the information collection titled Joint
Standards for Assessing the Diversity Policies and
Commodity Trading Advisors and to Practices of Entities Regulated by the Agencies. SEC
Monthly Reporting by Futures is also giving notice that it has sent the collection to
Commission Merchants. OMB for review. Comments are due 03/27/2017. The
notice may be viewed at:
CFTC has issued a notice to announce it seeks https://www.gpo.gov/fdsys/pkg/FR-2017-01-
comment on the information collection titled Rules 24/pdf/2017-01566.pdf. Federal Register, Vol. 82,
Relating to the Operations and Activities of No. 14, 01/24/2017, 8248-8249.
Commodity Pool Operators and Commodity Trading
Advisors and to Monthly Reporting by Futures FASB Issues Notice of Federal Financial
Commission Merchants. CFTC is also giving notice Accounting Standards on Insurance
that it has sent the collection to OMB for review. Programs.
Comments are due 02/27/2017. The notice may be
viewed at: https://www.gpo.gov/fdsys/pkg/FR-2017- The Financial Accounting Standards Board (FASB)
01-26/pdf/2017-01706.pdf. Federal Register, Vol. has issued a notice of its Statement of Federal
82, No. 16, 01/26/2017, 8514. Financial Accounting Standards 51, Insurance

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