In this issue:

- FINRA Issues New Investor Alert on Closed-End Funds

- CFTC Adopts Enhanced Customer Protection Rules

- CFTC Adopts Rules Regarding the Protection of Collateral and Treatment of Securities in a Portfolio Margining Account in a Bankruptcy

- CFTC Adopts Final Rules for Ownership and Control Reports

- CFTC Announces Mutual Acceptance of Approved Legal Entity Identifiers

- CFTC Seeks Comments on TW SEF Available-to-Trade Certification

- Second Circuit Affirms Dismissal of Qui Tam Case Based on Attorney’s Use of Confidential Information

- District Court Dismisses a Shareholder Suit for Failing to Plead Scienter

- OCC Issues Risk Management Guidance

- OCC and FDIC Propose Rule to Strengthen Liquidity Risk Management

- Excerpt from: OCC Issues Risk Management Guidance:

On October 30, the Office of the Comptroller of the Currency (OCC) issued guidance (Bulletin 2013-29) to national banks and federal savings associations (collectively, banks) for assessing and managing risks associated with third-party relationships. A third-party relationship is “any business arrangement between a bank and another entity, by contract or otherwise.” The bulletin rescinds OCC Bulletin 2001-47, “Third-Party Relationships: Risk Management Principles” and OCC Advisory Letter 2000-9, “Third-Party Risk.”

Please see full newsletter below for more information.

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Topics:  Business Ownership, CFTC, Commercial Bankruptcy, Confidential Information, FDIC, FINRA, Liquidity Coverage Ratio, OCC, Pleadings, Qui Tam, Scienter, SEF, Shareholder Litigation

Published In: Bankruptcy Updates, Civil Procedure Updates, General Business Updates, Finance & Banking Updates, Securities Updates

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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