In This Newsletter:

EU and Supranational Regulatory Developments:

p1 - Hungarian Presidency's EMIR Compromise Proposal

p1 - Short Selling EU Set to Ban "Sepculative" Sovereign Debt Trades

p2 - EFAMA Papers on External Governance and REsponsible Investment

p2 - AIFM Directive: AIMA's Report on Developments

p3 - Revised AIFM Directive Text

p3 - EFAMA Report on "Newcits"

UK Regulatory Developments

p4 - Bribery Act: Risk Assessments Should Be Well Underway

p4 - FSA: Publication of Guidance on Individual Liquidity Systems Assessment

p4 - Offshore Funds (Tax)(Amendment) Regulations 2011

p5 - The Companies Acts 2006 (Consequential Amendments and Transitional Provisions) Order 2011: Financial Services Implications

p5 - FSA Publishes First Decision Notices for Enforcement Decisions

p6 - FSA Consultation on Remaining CRD 3 Amendments