Topics:

New Rules, Proposed Rules and Guidance

• Treasury Issues Determination Exempting Foreign Exchange Swaps and Foreign Exchange Forwards from the Definition of "Swap"
• SEC Proposes Extending Temporary Rule Regarding Adviser Principal Trades

Other News

• IDC Issues White Paper on Board Oversight of Exchange-Traded Funds
• Professional Organizations Issue Guidance to Audit Committees Regarding Evaluation of External Auditors
• Mutual Fund Directors Forum Issues Practical Guidance for Fund Directors on Oversight of Proxy Voting

Litigation and Enforcement Actions

• Federal Court Vacates and Remands the CFTC's Position Limits Rule
• SEC Settles Charges Against Adviser for Failing to Disclose Revenue Sharing Payments and Other Conflicts of Interest

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