US Exchanges and Self-Regulatory Organizations

Financial Industry Regulatory Authority FINRA proposes to adopt CAT-fee dispute resolution rule. The SEC published a notice on FINRA’s proposal to adopt FINRA Rule 6898 (Consolidated Audit Trail – Fee Dispute Resolution) to establish the procedures for resolving potential disputes related to CAT Fees charged to Industry Members. Comments are due by July 27, 2017. (6/29/2017)

FINRA Board of Governors elects new Chairman. FINRA announced that it has elected as FINRA Chairman William H. Heyman, Vice Chairman and Chief Investment Officer of The Travelers Companies, Inc., effective July 18, 2017. (6/29/2017)

FINRA makes available recording of final workshop on TRACE reporting of transactions in US Treasury Securities. FINRA has offered FINRA members access to a free recording of its final phone-in workshop on the reporting of transactions in U.S. Treasury Securities to FINRA via the Trade Reporting and Compliance Engine. (6/27/2017) FINRA press release.

International Swaps and Derivatives Association Three videos on benchmarks published by ISDA. ISDA published the following three videos on benchmarks: “The Search for Alternative Risk-free Reference Rates”; “Identifying Robust Fallbacks for the IBORs”; and “The EU Benchmarks Regulation.” (7/6/2017)

Joint ISDA/GFMA publication stresses need for market participants to obtain LEI for regulatory mandates. ISDA and the Global Financial Markets Association issued a joint publication highlighting the need for market participants to obtain a Legal Entity Identifier under forthcoming European regulation. (6/28/2017)