The subject matter of the May 11, 2012 Closed Meeting will be: an examination of a financial institution.

The latest Advisers Act Enforcement Action -- Martin Currie Inc. and Martin Currie Investment Management Ltd.; IA-3404, IC-30062 (released 05/10/2012).

The SEC today charged a Scotland-based fund management group for fraudulently using one of its U.S. fund clients to rescue another client, a China-focused hedge fund struggling in the midst of the global financial crisis. The Scotland-based group was charged with certain violations of the antifraud, affiliated transaction, reporting, and compliance provisions of the Investment Advisers Act of 1940 and the Investment Company Act of 1940. View release in full here (links externally to SEC site).

The Office of the Comptroller of the Currency ("OCC"), Board of Governors of the Federal Reserve System ("Board"), and the Federal Deposit Insurance Corporation ("FDIC") issued guidance to provide clarity regarding the effective date of section 716 of the Dodd-Frank Act with respect to entities for which each is the prudential regulator. Cross References: Dodd-Frank Section 716. View release here.

The CFTC will hold a public meeting to consider a final rule on core principles and other requirements for designated contract markets and a proposed order amending the effective date for swap regulation. View the May 3rd Press Release here. Opening Statements: Opening Statement of Chairman Gary Gensler Opening Statements of Commissioner Bart Chilton Opening Statements of Commissioner Jill Sommers Opening Statement of Commissioner Scott D. O’Malia Opening Statement of Commissioner Mark Wetjen Additional Materials: Fact Sheet: Final Rulemaking Regarding Core Principles and Other Requirements