Alert December 27, 2005

Financial Services Alert

  • IRS Rules That Income from Commodity Index Derivative Contracts Is Not Qualifying Income for Funds under Subchapter M
  • Federal Banking Agencies Issue Proposed Guidance on Nontraditional Mortgage Products
  • SEC Provides No-Action Relief Regarding Application of Advisers Act to Broker-Dealers That Exercise Discretion Over Certain Family or Personal Accounts
  • FDIC Issues Guidance on New Requirement to File Notice of Proposed Class Action Settlements
  • OCC Publishes Interpretive Letters Concerning Use of Bank Premises