In this issue

New Rules, Proposed Rules and Guidance

• SEC Proposes Rule Amendment to Shorten Settlement Cycle From Three Business Days to Two

Other News and Developments

• IRS Issues Proposed Regulations on Income from Commodity Subsidiaries
• ICI Provides Responses to Frequently Asked Questions Regarding SEC's Temporary No-Action Relief on Auditor Independence and the "Loan Rule"

To read the Regulatory Update, click the link below.