The NYSE issued an information memo to remind firms that "promoting or participating in certain gambling activities" is prohibited on any NYSE-controlled premises, including the trading floor. Document Number NYSE Information Memo 11-04 Date January 26, 2011 Cross References NYSE Rule 476(a)(7)

The Federal Financial Institutions Examination Council recently approved the attached interagency examination procedures for Regulation Z - Truth in Lending. These revised procedures supersede the Regulation Z interagency examination procedures transmitted with CA Letter 10-10. Date January 28, 2011

CFTC Dodd-Frank Rulemaking The CFTC and SEC are proposing new rules under the Commodity Exchange Act and the Investment Advisers Act of 1940 to implement provisions of Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The proposed SEC rule would require investment advisers registered with the SEC that advise one or more private funds to file Form PF with the SEC. The proposed CFTC rule would require commodity pool operators ("CPOs") and commodity trading advisors ("CTAs") registered with the CFTC to satisfy certain proposed CFTC filing requirements by filing Form PF

CFTC Dodd-Frank Rulemaking In addition to new reporting and regulatory requirements for CPOs and CTAs, the CFTC is proposing is proposing to: Reinstate trading criteria for registered investments companies claiming exclusion from the CPO definition under Regulation 4.5; Rescind the exemption from CPO registration under Regulations 4.13(a)(3) and (4); Revise Regulation 4.7 so that CPOs may no longer claim exemption from the requirement that an exempt pool's annual report contain certified financial statements; Modify the participant qualification criteria of Regulation 4.7 to incorporate the

The European Securities and Markets Authority has produced a report which summarises all of the actions taken by EU Member States to control the practice of short selling in their jurisdictions. Date January 31, 2011