Category: Legal and Regulatory Updates
Division of Investment Management Reminds Investment Companies of their Disclosure Obligations
The SEC’s Division of Investment Management recently issued a staff statement reminding investment companies to update and deliver required disclosures to investors in a timely manner.
April 17, 2020
Division of Investment Management Updates Hearing Request Procedures for Applications
The SEC’s Division of Investment Management has issued an Information Update on changes to procedures for filing hearing requests on Investment Company Act and Investment Advisers Act applications.
April 17, 2020
SEC Adopts Reforms for Closed-End Fund and BDC Offerings
The SEC has adopted rules that will streamline the registration, communications, and offering processes for registered closed-end funds and BDCs.
April 17, 2020
Tags: Jay Clayton, Registered Funds
CFTC Unanimously Approves Proposed Amendments to Form CPO-PQR
The CFTC unanimously approved a proposal to amend Rule 4.27 and Form CPO-PQR required to be filed by CFTC-registered commodity pool a virtual open meeting on April 14.
April 17, 2020
The Canadian Securities Administrators (CSA) have proposed amendments to National Instrument 31-103 to enhance investor protection by addressing issues of financial exploitation and diminished mental capacity of older and vulnerable clients.
April 17, 2020
The IAA has weighed in on proposed amendments to the final rule implementing the Volcker Rule statute that were proposed by the five responsible agencies.
April 02, 2020
UK Regulators to Asset Managers Prepare for the End of LIBOR
The UK’s Financial Conduct Authority has sent a letter to all UK asset management firms telling them to “prepare now for the end of LIBOR.”
March 25, 2020
Tags: International, Libor
SEC’s Investor Advisory Committee Considers LIBOR Transition, Accounting and Auditing Trends
The potential investor impact of the transition away from LIBOR was addressed by an expert panel at the February 27 meeting of the SEC’s Investor Advisory Committee (IAC).
March 25, 2020
Tags: Libor
The SEC has voted to propose amendments to simplify, harmonize, and improve certain aspects of the exempt offering framework.
March 23, 2020
Tags: Reg D, Private Offerings
Bureau of Economic Analysis Collecting Data on U.S. Direct Investments Abroad
The U.S. Department of Commerce’s Bureau of Economic Analysis (BEA) is collecting information in its BE-10 benchmark survey of U.S. direct investment abroad for fiscal years ending in 2019.
March 23, 2020
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