The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced that the two regulatory agencies will hold joint meetings in September to seek input from the public on harmonization of market regulation.
The first meeting on September 2 will be held at the CFTC, while the second meeting, to be held September 3, will be at the SEC. The White House requested that the SEC and CFTC send a report to Congress by September 30 “that identifies all existing conflicts in statutes and regulations with respect to similar types of financial instruments and either explains why those differences are essential to achieve underlying policy objectives with respect to investor protection, market integrity, and price transparency or makes recommendations for changes to statutes and regulations that would eliminate the differences.”