Structured Thoughts -- Volume 3, Issue 6 -- April 11, 2012


In This Issue:

U.S. Treasury Seeks Comment on Issuances of Floating Rate Notes………………; Impact of the JOBS Act on Private Structured Product Programs…; FINRA Revises Proposal re Communications with the Public; “SEC Speaks” Addresses Structured Products; Institutional Suitability Certification; Section 3(c)(7) Exception under the 1940 Act; Exchange-Traded Notes Update; and Debt Research.

Excerpt from U.S. Treasury Seeks Comment on Issuances of Floating Rate Notes

In March 2012, the U.S. Treasury Department requested the public’s views on whether to begin to issue floating rate notes.1 If the Treasury elects to do so, floating rate notes would join the Treasury’s fixed rate offerings and inflation-linked offerings as potential instruments that could be purchased by U.S. retail and institutional investors.

Prior to making a decision as to such issuances, the Treasury is soliciting input from a variety of market participants regarding demand for securities of this kind and their liquidity, as well as structural and operational issues that the Treasury should consider.

The Treasury set forth a number of questions as to which it seeks responses...

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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