International Swaps and Derivatives Association March 1, 2012 Following the submission of two potential Credit Event questions on February 28, 2012, the ISDA EMEA Determinations Committee has declared that a Credit Event has not occurred in Greece. The Committee noted that as the situation in Greece is still evolving, market participants should feel free to submit further questions and that a Credit Event could occur at a later date should further facts come to light.

HM Treasury February 21-22, 2012 A consolidated version of the Financial Services and Markets Act has been published, highlighting amendments by the Financial Services Bill at Introduction.

Financial Services Authority February 27, 2012 The Financial Services Authority has published guidance on distributor-influenced funds to alert distributors and customers to the increased risks of using these funds.

Financial Services Authority February 29, 2012 The Financial Services Authority has issued guidance to alert firms to its concerns about collateral upgrade transactions and its expectations for managing the associated risks.

Financial Services Authority February 23, 2012 Tracey McDermott, acting director of the Enforcement and Financial Crime Division of the Financial Services Authority, has given a speech on the FSA's investigations and enforcement regime to the City and Financial Conference. The speech mainly reflects on the anticipated role of the Financial Conduct Authority, a new body that will take on the FSA's enforcement activities following the expected disbanding of the FSA in 2013.