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  • CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues Interpretative Guidance And No-Action Letter For Operators Of Securitization Vehicles

    Date 07/12/2012

    The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a letter providing additional guidance to securitization vehicles regarding whether they may be excluded from the definition of commodity pool. The letter also stated that the Division will not recommend that the Commission take enforcement action against the operators of certain securitization vehicles that have not and will not issue new securities on or after October 12, 2012 for failure to register as a commodity pool operator, provided certain criteria are satisfied. Finally, the letter stated that, for securitization vehicles that cannot claim relief either under this letter or CFTC Letter No. 12-14, which was issued by the Division on October 11, 2012, the Division will not recommend enforcement action against operators of securitization vehicles for failure to register as a commodity pool operator until March 31, 2013.

  • S&P Dow Jones Indices Announces Changes In Canadian Indices - A Deletion From The S&P/TSX Composite Index

    Date 07/12/2012

    The shareholders of Viterra Inc. (TSX:VT) have accepted the $CDN16.25 cash per share offer from Glencore International plc (LSE:GLEN). Viterra will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion, the S&P/TSX Composite Dividend, the S&P/TSX Composite Equal Weight and the S&P/TSX Capped Consumer Staples Indices effective after the close of Friday, December 14, 2012. 

  • CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues No-Action Letter For Operators Of Mortgage REITs

    Date 07/12/2012

    The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a no-action letter to mortgage real estate investment trusts (mREITs). The letter states that DSIO will not recommend that the CFTC take enforcement action against the operators of mREITs for failure to register as commodity pool operators under the Commodity Exchange Act and the CFTC’s regulations provided that the mREIT satisfies certain criteria including compliance with a de minimis threshold.

  • S&P Dow Jones Indices Announces Changes In Canadian Indices - A Deletion From S&P/TSX Venture Composite And Venture Select Indices

    Date 07/12/2012

    The shareholders of Prodigy Gold Incorporated (TSXVN:PDG) have approved the Plan of Arrangement whereby the company will be acquired by Argonaut Gold Inc. (TSX:AR). Shareholders of Prodigy Gold will receive 0.1042 shares of Argonaut Gold and $CDN0.000001 cash per share held.

  • The MIAX Options Exchange Joins OCC

    Date 07/12/2012

    OCC and Miami International Securities Exchange, LLC announced today that the MIAX Options Exchange has become an OCC participant exchange. The MIAX Options Exchange began operations today, Friday, December 7.