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The ISDA Credit Derivatives Determinations Committees ("DC") voted to adopt rules that will set globally consistent minimum standards for the iconduct of DC member firms. The new rules are intended primarily to standardize decision-making across events and to minimize conflicts of interest in the making of decisions.

The SEC issued a notice soliciting comments about the extension of information collected from investment advisers under Advisers Act Rule 206(3)-2 ("Agency Cross Transactions for Advisory Clients"). Rule 206(3)-2 applies to all SEC-registered investment advisers, and permits them to comply with Section 206(3) of the Advisers Act by obtaining a client's blanket consent to enter into agency cross-transactions. In relying on the rule, investment advisers must provide certain disclosures to their clients. SEC-registered advisers must maintain and preserve certain information that is required under