February 1, 2011 OFAC Released new Civil Penalties Information on Feb. 2, 2011.

SEC Release No. 34-63855 February 7, 2011 The SEC declared immediately effective an NYSE proposal to amend the forms of letters contained in NYSE Rule 451, and Sections 905.02-03 of the Listed Company Manual. The amendments revise the letters which brokers are required to distribute to clients regarding whether or not they may vote shares in which the broker is the record holder but the client is the beneficial owner. Cross References NYSE Rule 451 NYSE Listed Company Manual § 905 Dodd-Frank § 957

February 1, 2011 OFAC published a Final Rule revoking a general license authorizing U.S. persons to engage until May 31, 2011, in otherwise prohibited transactions with two blocked entities, Lakokraska OAO and/or Polotsk Steklovolokno OAO. The revocation of the general license is effective February 11, 2011. Cross References Final Rule amending the Belarus Sanctions Regulations, 76 Fed. Reg. 5482 (Feb. 1, 2011)

News Article Reuters February 8, 2011 The CFTC will face heightened scrutiny this year from the lawmakers who control its budget, the head of a congressional spending panel said on Tuesday. Republican Representative Jack Kingston, who chairs the House Agriculture Appropriations subcommittee, said he would examine the CFTC's requested budget increase to implement the Dodd-Frank financial reforms, which passed Congress last year over almost unanimous Republican opposition Top lawmakers on that panel have said the agency is sacrificing quality for speed as it races to write dozens of regulations

Financial Services Authority February 8, 2011 The Chief Executive of the FSA has released a letter to CEOs giving further details of the expected timing for the replacement of the FSA by two new regulators - the Prudential Regulation Authority and the Consumer Protection and Markets Authority. The transition is set to begin on April 4, 2011 and continue over a period of two years. A follow-up letter will be sent out in April to give firms a clearer idea of where their current supervision will be placed within the new structure. Papers will also be published in the first half of 2011 on the new