In this issue of CFWD we discuss:

- SEC to Approve AS No. 5 and Propose Rules for
  Shareholder Access to Proxy Statements
- “Scheme Liability” Theory Advocated Before
  U.S. Supreme Court
- Policy on Foreign Issue Book Entry Deposits
  and Deliveries Proposed
- NASD Applies Manning Rule to Canadian Issues
- NASD Revises Rules to Accommodate Removal of
  Tick Test for Short Sales
- Reform of FSA’s Procedures for Regulatory Guidance
- LSE Launches Specialist Fund Market
- BVCA Working Group Publishes Private Equity Consultation
- FSA Publishes Further Consultation on Implementing MiFID
- CESR Gives Guidance on Implementing MAD
- Plaintiff Failed to Adequately Plead Securities Fraud Claims
- Plaintiff Sufficiently Pleaded Securities Fraud Claims