www.isda.org March 28, 2011 ISDA has published a comment letter in connection with the draft amendment to the Government Ordinance no. 9/2004 regarding financial collateral arrangements to transpose into Romanian law the Directive 2009/44/EC of the European Parliament and Council of 6 May 2009 Amending the Settlement Finality and Financial Collateral Directives (2009/44/EC).

Futures Industry Association Comment Letter RIN 3038-AD15 and 3038-AD16 March 25, 2011 The FIA on March 25 submitted a detailed response to the CFTC's proposed rulemaking on speculative position limits. Although the FIA continues to oppose implementation of hard limits and continues to challenge the view that speculative investments have caused an increase in commodity prices, the FIA set out a number of specific recommendations for revising the proposed rule. The FIA also expressed its appreciation for the CFTC's decision to adopt a two-phase approach to the imposition of position limits

CFTC Speeches March 30, 2011 Commissioner Bart Chilton speaking before the Taxpayers Against Fraud in New York talks about his favorite television programs and the whistleblower protection provision. Cross References Dodd-Frank Act, Title VII, Sec. 748

British and Irish Legal Information Institute The High Court's judgment in Bank Leumi (UK) plc v Wachner (Linda Joy) [2011] EWHC 656 (Comm) (22 March 2011) has been published. In the judgement, the Commercial Court dismissed Ms Wachner's counterclaims against Bank Leumi (BLUK) in relation to alleged misrepresentations and negligent advice about certain foreign exchange options, and that BLUK had misclassified her under the FSA's Code of Business Rules (COB) and/or its successor the Conduct of Business Sourcebook (COBS).

Euroclear March 2011 Euroclear have published a guide aimed at helping CREST members meet both their own MiFID FSA transaction reporting obligations and any reporting agent responsibilities they have to others. It explains how Euroclear UK Ireland, in its role as an Approved Reporting Mechanism (ARM), will interpret transaction reports made by CREST member firms to using the CREST system for onward reporting to the FSA (the 'ARM service').