On October 7, 2020, the Securities and Exchange Commission voted to adopt Rule 12d1-4 under the Investment Company Act of 1940 and related amendments to the regulatory framework governing funds that invest in other funds...more
On April 6, 2020, the Securities and Exchange Commission granted the request of Cboe BZX Exchange, Inc. (CBOE) to change BZX Rule 14.11(1).This will accelerate approval of Exchange-Traded Fund shares and series of ETF shares...more
The U.S. Securities and Exchange Commission adopted a new rule under the Investment Company Act of 1940 that will allow exchange-traded funds that satisfy certain standardized conditions to operate without first obtaining...more
10/24/2019
/ Amended Forms ,
Basket Transactions ,
ETFs ,
Exchange-Traded Products ,
Exemptive Orders ,
Final Rules ,
Investment Company Act of 1940 ,
Redemption Agreement ,
Rescission ,
Rule 6c-11 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act
The U.S. Securities and Exchange Commission adopted a new rule under the Investment Company Act of 1940 that will allow exchange-traded funds that satisfy certain standardized conditions to operate without first obtaining...more
10/21/2019
/ Amended Forms ,
Broker-Dealer ,
Disclosure Requirements ,
ETFs ,
Exchange-Traded Products ,
Exemptions ,
Exemptive Relief ,
Final Rules ,
Form N-1A ,
Form N-8B-2 ,
Form N-CEN ,
Investment Company Act of 1940 ,
Payment-In-Kind ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Stock Redemption
Yesterday (September 26, 2019), the U.S. Securities and Exchange Commission announced the adoption of Rule 6c-11 under the Investment Company Act of 1940, which will allow exchange-traded funds that satisfy certain...more
9/28/2019
/ Broker-Dealer ,
Compliance Dates ,
ETFs ,
Exchange-Traded Products ,
Exemptive Relief ,
Form N-CEN ,
Investment Adviser ,
Investment Company Act of 1940 ,
Investment Management ,
New Rules ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act ,
Updated Forms
As set forth in the Incoming Letter, during the past year certain constituents of large-capitalization U.S. equity growth broad-based indices (namely, certain technology-related companies) had grown to represent more than 5%...more
The Securities and Exchange Commission voted on December 19, 2018 to propose Rule 12d1-4 (proposed rule) and related amendments to the regulatory framework governing funds that invest in other funds (“fund of funds”...more
1/8/2019
/ Acquired Fund Fees and Expenses (AFFE) ,
Acquisitions ,
Business Development Companies ,
Closed-End Funds ,
Complex Financial Products ,
Controlling Stockholders ,
Disclosure Requirements ,
Excessive Fees ,
Exchange-Traded Products ,
Exemptions ,
Foreign Acquisitions ,
Form N-CEN ,
Fund of Funds ,
Investment Company Act of 1940 ,
Mutual Funds ,
Private Funds ,
Proposed Amendments ,
Registered Investment Companies (RICs) ,
Securities and Exchange Commission (SEC) ,
Share Redemption ,
Voting Rights
On December 19, 2018, the Securities and Exchange Commission (SEC) voted to propose Rule 12d1-4 (proposed rule) and related amendments to the regulatory framework governing funds that invest in other funds (“fund of funds”...more
12/21/2018
/ Amended Regulation ,
Business Development Companies ,
Closed-End Funds ,
Exchange-Traded Products ,
Form N-CEN ,
Fund of Funds ,
Investment Company Act of 1940 ,
Mutual Funds ,
Proposed Rules ,
Registered Investment Companies (RICs) ,
Regulatory Reform ,
Right to Control ,
Securities and Exchange Commission (SEC) ,
Voting Shares
The Director of the U.S. Securities and Exchange Commission (SEC) Division of Investment Management has outlined concerns of the SEC Staff (Staff) with respect to the registration of funds that hold cryptocurrencies and...more
1/29/2018
/ Arbitrage ,
Bitcoin ,
Cryptocurrency ,
Currency Manipulation ,
Custody ,
Division of Investment Management ,
ETFs ,
Investment Company Act of 1940 ,
Liquidity ,
Market Manipulation ,
Registration Statement ,
Securities and Exchange Commission (SEC) ,
Valuation
The U.S. Securities and Exchange Commission (SEC) on May 20, 2015 unanimously approved proposed rules, forms and amendments that are intended to modernize and enhance the reporting and disclosure of information by investment...more
7/22/2015
/ Asset Management ,
EFTs ,
Filing Requirements ,
Financial Markets ,
Form N-CEN ,
Form N-PORT ,
Form N-SAR ,
Investment Companies ,
Investment Company Act of 1940 ,
Regulation S-X ,
Securities and Exchange Commission (SEC) ,
Shareholders ,
Small Business Investment Company
On November 6, 2014, the Securities and Exchange Commission (“SEC”) issued notice of its intent to grant Eaton Vance Management (“Eaton Vance”) and related parties exemptive relief from various provisions of the Investment...more