In this issue:
- SEC Abandons Money-Market Fund Reform
- SEC Adopts Final Rules Regarding Conflict Minerals Disclosure
- SEC Adopts Final Resource Extraction Rules
- ISDA Dodd-Frank Protocol Opened for Adherence
- CFTC Approves Conforming Rules on Registration of Intermediaries
- CFTC Interim Compliant Identifier Website Is Launched by DTCC and SWIFT
- FIA Presents NFA Registration Webinar
- NFA Proposes Amendment Requiring View-Only Access to Customer Accounts
- CME Group Applies to Create London-Based Derivatives Exchange
- Private Placement Transaction Involving Foreign Company Was Not Within the Extraterritorial Reach of US Securities Law
- Attorney’s Participation in a Presentation to Potential Real Estate Investors Did Not Create a Duty Actionable Under Section 10(b) of the Exchange Act
- Employers Must Treat Health Plan Rebates Appropriately
- FSA Announces Approach to Transposing EU Short Selling Regulation
- FSA Proposes to Ban Sales of Unregulated Funds to Retail Clients
- FSA Reports on Hedge Funds and Systemic Risk
An excerpt from "SEC Abandons Money-Market Fund Reform"
On August 22, Securities and Exchange Commission Chairman Mary Shapiro stated that three of the five SEC commissioners have told her that they will not support a staff proposal to reform the structure of money-market funds. As a result, Chairman Shapiro stated that after two and a half years of study by the SEC, it is now time “for other policy makers . . . to address the systemic risks posed by money-market funds.”
Please see full publication below for more information.