• IOSCO Publishes Final Report on Hedge Fund Portfolio Valuation Principles
• Agencies Issue Proposed Rules and Guidelines that Address Accuracy and Integrity of Consumer Report Information and Rules to Allow Direct Disputes
• Massachusetts Securities Division Files Administrative Complaint against Hedge Fund Adviser over Compliance with Approval Process for Hedge Fund Transactions with Adviser Affiliates and other Adviser Sponsored Vehicles
• SEC Staff Provides No‑Action Relief from 1940 Act Affiliated Transaction Prohibitions to Permit In-Kind Transfers in Conversion of Manager‑of‑Managers Funds to Affiliated Funds‑of‑Funds
• SEC Votes to Codify Longstanding Policy on Shareholder Proposals Regarding Director Election Procedures and to Adopt Rules to Encourage Shareholder Forums
• Second Circuit Holds National Bank Act’s Prohibition against State Powers Preempts New York’s Investigation into Lending Discrimination Claims