In this issue:

- CFTC Issues No-Action Letters

- SEC Division of Investment Management Lifts Actively-Managed ETF Derivatives Use Moratorium and Announces Two Rulemaking Initiatives

- Antitrust “Tying” Claims Dismissed Against Homebuilders

- Delaware Chancery Court Strengthens First-Filed Action Rule

- CFPB Proposes Consumer Disclosure Experiments

- FSA Expresses Concerns About Outsourcing by Asset Managers

An excerpt from "CFTC Issues No-Action Letters"

The Commodity Futures Trading Commission (CFTC) released a series of staff letters relating to various issues arising under rules implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act, including chief compliance officer (CCO) reports, statutory disqualification prohibitions, commodity pool operator (CPO) registration, certain commodity swaps and certain requirements for non-US persons.