In this issue of CFWD we discuss:

- SEC Votes to Propose Interpretive Guidance for
  Management to Improve Sarbanes-Oxley 404 Implementation
- SEC Votes to Adopt E-Proxy Rule Amendments
- SEC Votes to Repropose Rules Allowing Foreign Private
  Issuer Deregistration Under the Exchange Act
- Federal Banking Regulators Issue Revised Interagency
  Policy on the Allowance for Loan and Lease Losses
- SEC Extends Order Regarding Broker-Dealer Financial
  Statement Requirements
- SEC Proposes Amendments to Regulation M Concerning Short
  Selling in Connection with a Public Offering
- SEC Approves Amendment to the Portfolio Margining Rules
  of NYSE and CBOE
- SEC Proposes New Antifraud Rule and Revises Accredited
  Investor Standard for Hedge Funds
- FSA Publishes Third International Regulatory Outlook
- FSA Consultation on Investment Entities Listing Review
- Treasury Announces Working Group to Consider Taxation
  of UK Funds
- Granting of Stock Options May Constitute Public Offering
  of Securities
- Court Reaffirms Dismissal of Securities Fraud Claim
- CFTC Commissioner Frederick W. Hatfield to Resign
- NFA Amends Interpretive Notice Regarding FCM and IB
  Anti-Money Laundering Programs
- NFA Proposes Amendment to Forex Dealer Financial
- NFA Proposes Rule Regarding Assignment and Liquidation
  of Forex Positions and Cessation of Customer Business