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 Legislative and Regulatory Affairs Archive |
MFA closely monitors legislative and regulatory actions and identifies the issues important to its members. MFA initiatives, on behalf of the industry, often result in comment letters, testimony, news releases and other relevant announcements which are announced and posted herein. | 6.25.2009 |  | MFA submitted comments to National Futures Association in response to its request for comments on CPO quarterly reporting. MFA is supportive of the regulator’s goal to enhance its audit and compliance program. We offer a number of specific and technical comments in our letter. | | 6.24.2009 | | The Honorable Gary Gensler, Chairman, Commodity Futures Trading Commission, delivered his first keynote policy address to MFA's delegation at Forum 2009. | | 6.22.2009 | | MFA Issued a Response to Today's Release of The IOSCO Technical Committee paper, Hedge Fund Oversight: Final Report | | 6.22.2009 | | MFA submitted a letter to the SEC in response to its request for comments on proposed short sale restrictions. MFA and its members believe the empirical data do not support the need for a short sale restriction, and that a short sale restriction would harm investors through decreased liquidity and pricing efficiency, and greater transaction costs. However, if the Commission determines that a short sale restriction is necessary and merited, we urge the Commission to consider a single security circuit breaker that triggers a modified uptick test as it would achieve the Commission’s objectives in the way least likely to cause market dislocation and other unintended consequences. | | 6.19.2009 | | MFA submitted a letter to the IRS Commissioner regarding FBAR compliance concerns in light of the upcoming filing deadline and statements made by IRS officials during a recent presentation to industry associations. The letter requests that the IRS (1) provide temporary relief in advance of the filing deadline, and (2) issue formal guidance in response to MFA’s prior submissions, which sought clarity on a number of issues, including whether offshore hedge funds are “financial accounts” for FBAR compliance purposes. | | 6.17.2009 | | MFA Issues News Release in Response to Obama Administration's Financial Regulatory Reform Proposals. | | 6.17.2009 | | MFA submitted a letter to the CFTC today in response to its concept release on the bona fide hedge exemption for certain swap dealers. We recommend that the Commission consider the bona fide hedge exemption in the context of the broader OTC derivatives regulatory reform goals and objectives; seek more market data to understand the role and market impact of these bona fide hedge exemptions before it makes a determination on their elimination and/or replacement; propose rulemaking to require swap dealers and index traders to report OTC swap market transactions to the Commission on a permanent, ongoing basis; and provide the public with greater transparency with respect to OTC swap markets relating to commodity futures markets through aggregated reports. |
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