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ARTICLE · 01 MAY 2014

Financial Regulatory Developments Focus - 28 April 2014

A&O Shearman
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In this newsletter, we provide a snapshot of the principal European, US and global financial regulatory developments of interest.

United StatesFinance and Banking
A&O Shearman
A&O Shearman
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In this newsletter, we provide a snapshot of the principal European, US and global financial regulatory developments of interest to banks, investment firms, broker-dealers, market infrastructures, asset managers and corporates.

Our latest quarterly Governance & Securities Law Focus newsletter is available at: http://www.shearman.com/~/media/Files/NewsInsights/Publications/2014/04/Governance-and-Securities-Europe-Bulletin-CMAM-041014.pdf.

Derivatives CFTC Staff Issues Time-Limited No-Action Letter on the Applicability of Oral Recording Requirements

On 25 April 2014, the US Commodity Futures Trading Commission's ("CFTC") Division of Swap Dealer and Intermediary Oversight and Division of Market Oversight ("Divisions") issued a time-limited no-action letter that provides relief to commodity trading advisors that are members of designated contract markets or swap execution facilities. The relief covers the oral recording requirement set forth in CFTC Regulation

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