Corporate and Financial Weekly Digest - February 17, 2012


In this issue;

- SEC Issues New C&DI on Description of Say-on-Pay Advisory Vote on Proxy Card and Voting Instruction Form

- Treasury Form SHC and Private Fund Advisers

- SEC Revises the "Qualified Client" Standards for Registered Investment Advisers

- Court Addresses Challenges to Adequacy of Lead Plaintiff in Consolidated Class Action

- Agencies Issue Final Rules On Summary of Benefits for Health Plans and Insurance Coverage Under PPACA

- Deadline to Request Review Under the Independent Foreclosure Review Extended to July 31

- Agencies Issue Guidance on Junior Lien Loan Loss Allowances

- OCC Announces Reduction of Printing and Mailing

- Some European Short Selling Restrictions Lifted

- OFT Indicates Possible Bank Competition Investigation

- Former Corporate Broking Managing Director Fined £350,000 for Inside Information Disclosure

An excerpt from "Former Corporate Broking Managing Director Fined £350,000 for Inside Information Disclosure"

On February 16, following on from the disciplinary actions against David Einhorn, Greenlight Capital, Alexander Ten-Holter and Caspar Agnew reported in the January 27, 2012 and February 3, 2012 editions of Corporate and Financial Weekly Digest, the UK Financial Services Authority (FSA) published a further final notice and announced that it had imposed a fine of £350,000 (approximately $550,000) on Andrew Osborne, a former Corporate Broking Managing Director of a major investment bank, for engaging in market abuse by improperly disclosing inside information ahead of a significant equity fundraising by Punch Taverns Plc (Punch) in June 2009.

Please see full newsletter below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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