News Centre

SIFMA Statement On CFTC Delay Of Cross-Border Rules

Date 21/12/2012

SIFMA today issued the following statement from Tim Ryan, president and CEO on the CFTC, announcing they will delay cross-border enforcement of certain derivatives rules until July 2013.

CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues No-Action Letter For Operators Of Investment Pools That Invest In Legacy Securitization Vehicles

Date 21/12/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a letter providing that the Division will not recommend that the Commission take enforcement action against the commodity pool operators of investment pools that invest in securitization vehicles that comply with the terms of the no-action relief set forth in the 12-45 letter.

CFTC’s Division Of Market Oversight Provides Swap Dealers With Swap Data Reporting Relief

Date 21/12/2012

The Division of Market Oversight (DMO) of the Commodity Futures Trading Commission (CFTC) today announced the issuance of a letter providing swap dealers with time-limited no-action relief from certain swap data reporting obligations under Parts 43, 45, and 46 of the Commission’s regulations.

ISDA Publishes Mid-Year 2012 Market Analysis: Compression Continues To Impact Notional Amounts Outstanding - FRA Clearing Increases Significantly

Date 21/12/2012

The International Swaps and Derivatives Association, Inc. (ISDA) published yesterday its analysis of the over-the-counter (OTC) derivatives market based on June 30, 2012 statistics.

CFTC’s Division Of Market Oversight Issues Time-Limited No-Action Relief From The Reporting Of Certain Non-Reporting Counterparty Information Pursuant To Parts 45 And 46

Date 21/12/2012

The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight (Division) today issued a letter providing reporting parties under Parts 45 and 46 of the Commission’s regulations with time-limited no-action relief from requirements to report certain identifying information regarding their non-reporting counterparties. To avail themselves of the relief, reporting parties must first meet specific criteria set forth in the no-action letter, and must also comply with certain conditions attached to the relief. The relief expires no later than April 10, 2013.

SIFMA Issues 2013 Municipal Bond Issuance Survey - Forecast shows $458 billion In Issuance For 2013

Date 21/12/2012

SIFMA today released its 2013 Municipal Bond Issuance Survey. Compiled from responses provided by large and regional municipal bond underwriters and dealers, the report forecasts what type of activity is expected in the taxable and tax-exempt municipal securities market in 2013.

CFTC’s Office Of The General Counsel Issues Time-Limited, No-Action Relief For Compo Equity Total Return Swaps

Date 21/12/2012

The Commodity Futures Trading Commission’s (Commission) Office of the General Counsel (OGC) today issued a no-action letter providing time-limited relief from requirements arising from the Commission’s joint interpretation with the Securities and Exchange Commission that compo equity total return swaps are mixed swaps.

S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices - A Deletion From The S&P/TSX SmallCap Index

Date 21/12/2012

S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

The shareholders of Queenston Mining Inc. (TSX:QMI) have accepted the terms of a Plan of Arrangement whereby the company will be acquired by Osisko Mining Corporation (TSX:OSK). Shareholders of Queenston Mining will receive 0.611 shares of Osisko Mining for every share held. Queenston Mining will be removed from the S&P/TSX SmallCap Index effective after the close of Friday, December 28, 2012. 

CFTC’s Division Of Clearing And Risk Issues No-Action Letter For Singapore Exchange Derivatives Clearing Limited And Its Clearing Members

Date 21/12/2012

The Commodity Futures Trading Commission’s (Commission) Division of Clearing and Risk (DCR) today issued a letter stating that DCR will not recommend that the Commission take enforcement action against Singapore Exchange Derivatives Clearing Limited (SGX-DC) for failing to register as a derivatives clearing organization (DCO) under section 5b(a) of the Commodity Exchange Act (CEA); and will not recommend enforcement action against SGX-DC’s clearing members for failing to register as futures commission merchants (FCMs) under section 4d(f)(1) of the CEA, in relation to the clearing and carrying of existing or new positions in certain commodity swaps for U.S. customers.

MIAX Fee Schedule 12/21/2012

Date 21/12/2012

Details are available in the full MIAX Fee Schedule at: http://www.miaxoptions.com/sites/default/files/circular-files/MIAX_RC_2012_13.pdf