• Process for Selecting CAT Plan Processor is Proposed.

On November 15th, the SEC provided notice of the filing of a proposed National Market System Plan Governing the Process of Selecting a Plan Processor and Developing a Plan for the Consolidated Audit Trail. The proposal was jointly filed by the National Market System participants. Comments should be submitted on or before December 23, 2013. SEC Release No. 34-70892.

Financial Industry Regulatory Authority

  • BrokerCheck Amendments Proposed.

On November 14th, the SEC provided notice of the Financial Industry Regulatory Authority's filing of a proposed rule change amending FINRA Rule 8312 (FINRA BrokerCheck Disclosure) to expand the categories of civil judicial disclosures that are permanently included in BrokerCheck. SEC Release 34-70876. Separately, FINRA proposed an additional amendment to the BrokerCheck rule that would expand the information available in BrokerCheck to include information about those who are members, and their associated persons, of any registered national securities exchange that uses the CRD system for registration purposes. Comments on either amendment should be submitted on or before December 11, 2013. SEC Release No. 34-70880.

National Futures Association

  • Holiday Reporting Obligations.

On November 21st, the National Futures Association reminded members of their holiday reporting obligations for Thanksgiving Day, November 28, 2013. NFA Notice to Members I-13-37.

  • Request to CPOs Operating Registered Investment Companies.

On November 18th, the National Futures Association advised it is requiring any commodity pool operator who has filed a claim of notice under CFTC Letter No. 13-51, which provides reporting relief to certain wholly owned subsidiaries of registered investment companies, to notify NFA of the notice filing on or before December 31, 2013. NFA Notice I-13-36.