MEPs formally approved the draft regulation during the daily voting session on 13 March 2012.
The draft regulation was backed by 569 votes to 15 at the daily voting session on 14 February 2012.
The draft regulation - which has been backed by the European Parliament's Legal Affairs Committee - would create a European Certificate of Succession designed to clarify the position of people drawing up a will, as well as their heirs and creditors.
City officials have yet to draft specific regulation, but Kotani believes the motion is a step forward.
Over at The Weekly Standard, Joy Pullmann notes that a draft IRS regulation could cause serious headaches for charter schools around the country.
In a debate on the draft European regulation, Financial Secretary Mark Hoban said the plans would "limit the ability of member states to respond to the unique characteristics and risks of their markets and, where necessary, go beyond minimum standards to ensure financial stability in their own jurisdiction".
The draft of the new regulation just came out a couple of weeks ago, he added.
FORBES: New Financial Regulations -- Profitable Opportunities, For Vendors
Meanwhile, in typical fashion, the state of California is blazing its own trail on chemical reform, releasing its draft Safer Consumer Products regulation this morning.
And former Chancellor Alistair Darling will give his thoughts on bank regulation to the Joint Committee on the Draft Financial Services Bill.
BBC: Viewing guide: The coming week's highlights in Parliament
It was unclear when the proposed regulation, which was included in a draft plan presented to the Dominican Republic's president on Wednesday, would go into effect.
Grassley asked Specter to consider adding to the draft legislation the Pennsylvania lawmaker has been circulating about hedge fund regulation.
Commerce's draft report doesn't recommend specific legislation, but does indicate that self-regulation isn't robust enough, these people said.
WSJ: Obama Administration Seeks Internet Privacy Protections, New Policy Office
Al-Dabbagh said that in addition to the Cabinet approving the agreement for the withdrawal of U.S. troops and regulation of their activities in Iraq, Cabinet members also approved a "draft (strategic) framework" agreement between the United States and Iraq.
It is closely based on the draft charter agreed after the Leveson report into press standards - but without "state-sponsored regulation".
BBC: Leveson report: Newspapers reject press regulation plans
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