In this issue of CFWD we discuss:

- SEC Solicits Public Comment on Role of IFRS in the U.S.
- SEC Approves PCAOB Auditing Standard No. 5
- SEC Offers Competing Proposals on Shareholder
  Access to Proxies
- Rules Governing Annual Certification of Compliance
  and Supervisory Processes Amended
- Changes to Rules Regarding Distribution of Third-Party
  Research Proposed
- NASD Delays Application of Manning Rule to OTC Equity
- NYSE Amends Rule 92 to Permit Certain After-Hours Trading
- Portfolio Margin Pilot Programs Extended
- Information Program for Newly Registered Advisers
- Pilot Program Regarding Subprime Lender Supervision
- Banking Agencies Reach Agreement on Basel II
- HMRC Issues Revised Statement of Practice on IME 
- UK Treasury and FSA Jointly Consult on New Framework
  for Covered Bonds
- FSA Sets Out Good Practice for Managing Compliance Risk
- CEBS Approves International Financial Reporting Amendments
- Third Circuit Holds That Plaintiffs in Derivative Action
  May Amend Complaint
- District Court Denies Motion to Lift Stay of Discovery
- Amendments to Confidential Treatment Request Procedures