United States Proposed fiscal 2018 budget would restructure CFPB and SEC.
Reutersreported that the CFPB and the SEC would face structural changes under the President's fiscal 2018 budget proposal. According to an Office of Management and Budget document, the CFPB would undergo a “restructure” that could reduce the federal deficit by as much as US$145 million. The SEC would have its reserve fund, which has recently been used to overhaul the SEC’s information technology and is funded outside the SEC's general budget by registration fees, be used to supplement the SEC's budget. According to the OMB, this could reduce the deficit by as much as US$50 million per year. (5/23/2017)
Canada Roundtable agenda on proposed business conduct rules for derivatives dealers and advisers.
The OSC announced the agenda and list of panelists for the upcoming roundtable to discuss CSA Notice and Request for Comment on Proposed National Instrument 93-101 Derivatives: Business Conduct. The roundtable will take place on May 29, 2017, from 9:00 a.m. to 12:00 p.m. on the 22nd floor of the OSC’s offices, located at 20 Queen Street West in Toronto, Ontario. (5/18/2017)