Alert October 17, 2006

Financial Services Alert - October 17, 2006

  • President Signs Financial Services Regulatory Relief Act of 2006
  • FDIC Finalizes Rule Regarding One-Time Credit Assessment
  • SEC Settles Administrative Proceedings against Adviser over Fund Shareholder Report Disclosure Regarding Partial-Interest-Paying Bonds and Related Portfolio Manager Commentary
  • DOL Advisory Opinion Addresses Scope of Prohibited Transaction Exemption Concerning Bank-Maintained Collective Funds
  • Basel Committee Publishes Industry Practice in Key Areas of Operational Risk Advanced Approach
  • SEC OCIE Staffer Discusses Identity Theft Prevention
  • SEC Publishes Audit of Investment Company Act Exemptive Application Process
  • SEC Action on Internet Availability of Proxy Materials Scheduled for December 2006
  • SEC Proposes Changes to Net Capital Rule for Broker-Dealers Also Registered as Futures Commission Merchants
  • Goodwin Procter to Co-Present a Basel Conference; Host Post-Conference Cocktail Reception - Save the Date!