Alert June 20, 2006

Financial Services Alert - June 20, 2006

  • SEC Seeks Comment on Challenged Fund Governance Requirements
  • OTS Issues Opinion Regarding Preemption of State Restrictions on Gift Cards
  • FRB and FinCEN Request Comments on Funds Transfer Recordkeeping Requirements and the Travel Rule
  • FRB Issues Opinion Letter Concerning Application of Reg O to Insider’s Use of Bank-Owned Credit Card
  • SEC Commissioner Campos Discusses Hedge Fund Activity and Regulation at SIA Conference
  • Basel Committee Publishes Guidance on Bank Use of Fair Value Option
  • FRB Governor Details Compliance Examination Issues
  • SEC Staff Provides No-Action Relief Regarding Cross Trades Involving Accounts in which an Adviser has an Interest