An SEC final rulemaking intended to simplify and update the regulatory framework for "fund of funds" arrangements was published in the Federal Register.

SEC Division of Corporation Finance William Hinman emphasized the merits of a principles-based approach to disclosure.

The Organisation for Economic Co-operation and Development's Working Group on Bribery commended U.S. efforts to improve enforcement under the Foreign Corrupt Practices Act.

The SEC adopted amendments to (i) enable the use of electronic signatures in documents requiring signature authorization, and (ii) mandate the electronic filing and service of documents for administrative proceedings.