News Centre

MF Global Trustees And Administrators Announce Agreements - MF Global Inc., MF Global UK Ltd. And MF Global Holdings Ltd. Reach Agreements To Resolve All Claims Among The Estates

Date 22/12/2012

James W. Giddens, Trustee for the Securities Investor Protection Act (SIPA) liquidation of MF Global Inc. (MFGI), and Richard Heis, a Joint Administrator of MF Global UK Ltd. (MFGUK), today jointly announced that they have reached an agreement to resolve all claims between the two entities, including the 30.7 client assets and repo to maturity valuation disputes currently before the High Court of England.  Mr. Giddens has filed a motion with the United States Bankruptcy Court for the Southern District of New York, the Honorable Judge Martin Glenn presiding, seeking entry of an order approving the agreement. 

CFTC’s Division Of Swap Dealer And Intermediary Oversight Issues No-Action Letter For Certain Persons Required To Register Pursuant To Recent Changes To Commission Regulations

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 DSIO will not recommend that the CFTC take enforcement action against certain commodity pool operators (“CPOs”), commodity trading advisors (“CTAs”) or any principal or associated person (“AP”) thereof who will be required to register with the CFTC pursuant to the recent amendment to Commission Regulation 4.5 or the rescission of Commission Regulation 4.13(a)(4).

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.