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ARTICLE · 12 OCTOBER 2011

Financial Services Alert – October 11, 2011

Goodwin Procter LLP
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The Investment Company Institute (ICI) and Independent Directors Council (IDC) issued a white paper (the "White Paper") designed to assist directors of registered investment companies ("funds") in carrying out their risk oversight responsibilities.

United StatesFinance and Banking
Robert Kurucza
Robert Kurucza

Developments of Note

  • ICI and IDC Issue White Paper on Risk Oversight by Registered Fund Boards
  • DOL Issues Interim Policy on Providing Information Via Electronic Media under Participant-Level Fee Disclosure Regulation
  • FINRA Proposes Amendments to Customer Account Statement Rule to Address Values of Unlisted Equity Securities of REITs and Direct Participation Programs
  • CFTC Issues Proposals Regarding Compliance Timetables for Requirements Relating to Swap Trading Relationship Documentation, Margin for Uncleared Swaps and Swap Clearing and Trade Execution

Other Item of Note

  • Federal Banking Agencies Issue Proposed Regulation Implementing Requirements of the Volcker Rule

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