This amendment describes the required procedures for the bulk assignment or liquidation of Forex positions and the cessation of customer business, including the required notice to customers. [SL Comment: Generally the procedure is intended to (i) provide regulatory notice of the transfer and (ii) protect the interests of the clients whose accounts are being transferred.] Cross Reference(s): NFA Compliance Rule 2-40. View release in full here (links externally to NFA website).

The Rule change governs the custody of assets held for retail Forex customers. Note that the Rule change is now effective. [SL Comment: Against the background of Peregrine and MF Global, all CFTC-regulated firms would be well-served to review their procedures relating to custody, both from a calculation standpoint (are the numbers right?) and from an operational standpoint (are the release procedures safe?). Effective Date: July 26, 2012. View release in full here (links externally to NFA website).

The SEC granted AQR Capital Management, LLC, et al., an exemption from Sections 12(d)(1)(A), 12(d)(1)(B), 17(a) and Rule 12d1-2(a) of the Act, which pertain to certain registered management investment company's aquisition of certain registered open-end management investment companies outside the same group as the acquiring investment companies, and funds of funds relying on Rule 12d1-2 under the Act to invest in certain financial instruments. Cross Reference(s): Investment Company Act Sections 12 and 17; Investment Company Act Rule 12d1-2 . View order in full here (links externally to SEC

The SEC granted Gladstone Capital Corporation, et al., a request for relief, under sections 17(d), 57(a)(4) and 57(i) and rule 17d-1 of the Investment Company Act, that would permit certain business development companies and registered closed-end management investment companies to co-­invest in portfolio companies with each other, and with an affiliated investment fund. Cross Reference(s): Investment Company Act Sections 17 and 57; Investment Company Act Rule 17d-1. View order in full here (links externally to SEC website).

View release in full here (links externally to SEC website). See also: Exhibit 5