Wednesday, November 26, 2008

SEC Update: IOSCO task forces, central clearing update

The IOSCO Technical Committee has created three task forces to study:
- short selling
- unregulated financial markets (OTC derivative)
- unregulated entities (hedge funds)

The SEC has granted a large number of fund cancellations

On December 3rd, the SEC will, maybe, talk about credit rating agency regulation

Corporation Finance has issued guidance for issuers replacing shelf registrations

Erik Sirri updated the House Ag Committee on the progress toward central clearing for credit default swaps

SEC General Counsel Brian Cartwright will resign



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