Covering legal developments and regulatory news for funds, their advisers, and industry participants through June 2021.
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RULEMAKING AND GUIDANCE -
SEC Adopts Amendments to Exemptive Applications Procedures -
On July 6, 2020, the U. S. Securities and Exchange Commission adopted rule amendments to establish an expedited review procedure...more
9/21/2020
/ Amended Rules ,
Compliance ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Ethics ,
Fiduciary Rule ,
Final Rules ,
Financial Institutions ,
Individual Retirement Account (IRA) ,
Investment Adviser ,
Investment Advisers Act of 1940 ,
Investment Companies ,
Investment Management ,
New Rules ,
OCIE ,
Securities and Exchange Commission (SEC)
On April 8, the SEC issued an order granting relief to business development companies (BDCs) by permitting BDCs to issue and sell senior securities and participate in certain joint enterprises or other joint arrangements that...more
As required by President Trump’s Executive Order 13772, the U.S. Department of the Treasury issued a report, “A Financial System That Creates Economic Opportunities, Asset Management and Insurance,” addressing the regulatory...more
10/31/2017
/ Asset Management ,
Business Continuity Plans ,
CFTC ,
Commodities ,
Commodity Pool ,
Consumer Financial Products ,
Department of Labor (DOL) ,
Derivatives ,
Dodd-Frank ,
Employee Benefits ,
ETFs ,
Executive Orders ,
Fiduciary Duty ,
Fiduciary Rule ,
Financial Services Industry ,
FSOC ,
Individual Retirement Account (IRA) ,
Investment Adviser ,
Investment Companies ,
Investment Company Act of 1940 ,
Investment Management ,
Liquidity Risk Management Rule ,
Registration Requirement ,
Regulatory Oversight ,
Risk Assessment ,
Risk Mitigation ,
Securities and Exchange Commission (SEC) ,
Stress Tests ,
Trump Administration ,
U.S. Treasury
Practical points on managing SEC Modernization.
INTRODUCTION -
On October 13, 2016, the Securities and Exchange Commission (SEC) issued its final Investment Company Reporting Modernization rules and forms for the...more
The SEC’s order provides significant guidance on how the SEC staff will scrutinize the propriety of payments made pursuant to commonly occurring agreements between mutual funds and their service providers and with respect to...more
9/23/2015
/ Dealers ,
Enforcement Actions ,
Financial Institutions ,
Financial Markets ,
Intermediaries ,
Investment Adviser ,
Investment Companies ,
Investment Company Act of 1940 ,
Mutual Funds ,
Securities and Exchange Commission (SEC) ,
Shareholders