9.30.2009 The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) stated in a press release that they anticipate that, in two weeks, the two agencies will issue a report that will address key areas in which their regulatory schemes are different. The chairmen also expect that the report will recommend legislative and regulatory actions to address those differences where appropriate. The report will address the following issues:

  • Product listing and approval
  • Exchange/clearinghouse rule approval under rules- versus principles-based approaches
  • Risk-based portfolio margining and bankruptcy/insolvency regimes
  • Linked national market and common clearing versus separate markets and exchange-directed clearing
  • Market manipulation and insider trading rules
  • Customer protection standards applicable to broker-dealers, investment advisors and commodity trading advisors
  • Cross-border regulatory matters

Click http://www.sec.gov/news/press/2009/2009-211.htm for the press release.