Corporate and Financial Weekly Digest - August 24, 2012


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 newsletter below for more information.

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