View notice in full here (links externally to SEC website).

Notice of an application undersection 6(c)of the Investment Company Act for an exemption from section 15(a) and rule 18f-2 under the Act, as well as from certain disclosure requirements. Applicants, including an actively-managed open-end exchange traded fund, request an order that would permit them to enter into and materially amend subadvisory agreements without shareholder approval and would grant relief from certain disclosure requirements. View notice in full here (links externally to SEC website).

The Basel Committee on Banking Supervision and the International Organization of Securities Commissions have published a joint consultative paper on margin requirements for derivatives which have not been cleared through a central counterparty. The proposal sets out a number of high-level principles on margining practices, the treatment of collateral and margin requirements. The principles are envisaged to apply to all transactions involving either financial firms or systemically important non-financial entities. The proposal will be open for responses until September 28, 2012. Bank for

Cyprus has published its programme for its presidency of the Council of the EU. With regards to financial services, the country's work plan includes: the revision of MiFID; Crisis Management and Bank Resolution Framework; the revision of the Credit Rating Agencies Regulation; Omnibus II; and the Capital Requirements Directive and Regulation. Cyprus Presidency of the Council of the European Union

View study here. All Dodd-Frank related studies and reports can be accessed via our Dodd-Frank Studies table. Cross References Dodd-Frank §§ 723, 735