Alert June 28, 2005

Financial Services Alert

  • SEC to Consider D.C. Circuit Remand of Fund Governance Rules at June 29, 2005 Open Meeting
  • OCC Issues Letter Concluding that National Bank May Hold Security in its BOLI that Has Some Equity Characteristics, but that More Closely Resembles Debt
  • OCC Rules National Bank Rabbi Trusts May Invest in Equities
  • OCC Rules a "GAP Addendum" is Subject to Debt Cancellation Contract Provisions
  • California Appeals Court Holds Internal Forms Used by Banks in Connection with SAR Preparation are Shielded from Disclosure
  • OCC Reports Growth in Derivatives Volume
  • NASD Proposes to Apply Non-Cash Compensation Prohibition to Sale of Any Security and to Ban Product-Specific Sales Contests