The ICI study, Operational Impacts of Proposed Redemption Restrictions on Money Market Funds, suggests that redemption restrictions would likely drive users away from money market funds, drive assets into less-regulated, less-transparent alternatives, and disrupt short-term financing for the economy. View study in full here (links externally to ICI website).

This release concerns a proposed International Securities Exchange, LLC ("ISE") rule change to list and trade options on the ISE Max SPY Index ("ISE Max SPY"), which was filed with the SEC on March 9, 2012. View notice in full here (links externally to SEC website).

The CFTC will no longer hold the public meeting scheduled the be held TODAY, June 21, 2012. The meeting was originally intended to consider Proposed Interpretive Guidance on Cross-Border Application of Certain Swaps Provisions of the Commodity Exchange Act (CEA) and Regulations thereunder, and a Proposal Regarding Phased Compliance for Foreign Swap Dealers.

In a blog post yesterday, the MFA provided a link to their recently released the Hedge Fund Investor Map, described as a powerful online tool that pools publicly available information from public and corporate pensions, university endowments, and charitable foundations into an easy-to-use map. View blog post in full here(links externally to MFA website).

The SEC has approved a rule that directs national securities exchanges to adopt listing standards for public company boards of directors and compensation advisers. View press release here (links externally to SEC website).