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Friday, April 07, 2006

SEC mutual funds regulations ruling [US DC]
11:14 PM ET

US Chamber of Commerce v. SEC, United States Court of Appeals for the DC Circuit, April 7, 2006 [rejecting for inadequate public comment opportunity US SEC corporate governance regulations requiring mutual fund companies to appoint independent chairpersons and compose at least 75 percent of their boards with independent members]. Read the full text of the ruling [PDF]. Reported in JURIST’s Paper Chase here.



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