Alert September 13, 2005

Financial Services Alert

  • SEC Further Extends Date for Bank Broker Compliance
  • Federal Court of Appeals for the Sixth Circuit Affirms District Court’s Dismissal of Shareholder Suit Regarding Class B Shares of Mutual Funds
  • FRB Proposes to Increase Threshold of a Qualifying “Small Bank Holding Company” from $150 Million to $500 Million in Assets
  • Basel Committee Publishes Guidance for Low-Default Portfolios under Basel II
  • SEC Staff Grants No-Action Relief to Permit Prior Global Consent by Adviser’s Clients to Principal Transactions with Adviser’s Affiliated Derivatives Dealer