Financial Services Alert - October 12, 2010

October 12, 2010 • Vol 14 No 9

IN THIS ISSUE:

Financial Stability Oversight Council Seeks Comment on the Volcker Rule and Issues Notice of Proposed Rulemaking Regarding Criteria for Designation as Systematically Significant Nonbank Financial Companies
Basel Committee Issues Final Version of its Corporate Governance Principles and Guidance
HSBC Subject to FRB and OCC Enforcement Orders for AML Deficiencies
SEC Staff Provides Additional Guidance Regarding Money Market Fund Reform
President Signs Bill Removing Dodd-Frank Act Provisions Designed to Protect the Confidentiality of Information Obtained by the SEC
SEC Proposes Disclosure Rules for Asset-Backed Securities Pursuant to Dodd-Frank Act

President Signs Bill Removing Dodd-Frank Act Provisions Designed to Protect the Confidentiality of Information Obtained by the SEC

President Obama signed into law S. 3717 which removed provisions added to the Securities Exchange Act of 1934, the Investment Company Act of 1940 and the Investment Advisers Act of 1940 by Section 929I of the Dodd-Frank Consumer Financial Protection and Wall Street Reform Act that would have limited the SEC’s ability to disclose records or information provided to, or obtained by it, under those statutes.

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