Category: Legal and Regulatory Updates
SEC Proposes to Substantially Reduce Form 13F Reporting by Increasing Threshold
SEC Proposes to Substantially Reduce Form 13F Reporting by Increasing Threshold July 13, 2020 The SEC is proposing to raise the Form 13F reporting threshold for institutional investment managers...
July 13, 2020
Tags: Allison Herren Lee, Form 13F, SEC
The President’s Working Group on Financial Markets (PWG) has issued a “Report on Protecting United States Investors from Significant Risks from Chinese Companies,” in response to a June memorandum from...
August 13, 2020
Tags: ETFs, Index Funds, Mutual Funds
The IAA has joined other trade associations in an August 5 letter to the CFTC supporting its May 28 adoption of an interim final rule and issuance of a proposed...
August 20, 2020
Tags: CFTC, Coronavirus, COVID-19
CFA Institute Publishes Consultation Paper on Disclosure Standards for ESG Investment Products
The CFA Institute (CFA) has published a consultation paper requesting comment on the scope, structure, and design of the global Environmental, Social, and Governance (ESG) Disclosure Standards for Investment Products...
August 24, 2020
Tags: Disclosure, ESG
SEC Broadens Accredited Investor and Qualified Institutional Buyer Definitions
Updated October 9, 2020 In a first and welcome step to update access by a wider range of investors to the exempt markets, the SEC has, by a 3-2 vote,...
August 26, 2020
Tags: Accredited Investor, QIB
AMAC Discusses ESG, Private Funds, Diversity and Inclusion, COVID-19 Impact
The SEC’s Asset Management Advisory Committee (AMAC) held a meeting on September 16. In his opening remarks, SEC Chairman Jay Clayton discussed his interest in promoting access and choice for Main...
September 24, 2020
Tags: AMAC, Coronavirus, COVID-19, Diversity & Inclusion, ESG, Private Funds
In a 3-2 vote, the SEC has adopted amendments to the rule regarding the process for including shareholder proposals in issuers’ proxy statements, making it more difficult for shareholders to...
October 02, 2020
Tags: 12b-1 Fees, Best Execution, Conflicts of Interest, Money Market Fund, Mutual Funds, Revenue Sharing, SEC Enforcement, Share Class Disclosure
New SEC Whistleblower Rules: Some Processes Streamlined, Others May Be More Onerous
In an effort to “provide greater transparency, efficiency and certainty to the Award Amount determination process,” the SEC updated its whistleblower rules in a split 3-2 vote on September 23....
October 05, 2020
Tags: SEC Enforcement, Whistleblower
IAA Recommends Changes to SEC’s Form 13F Proposal To Balance Transparency with Regulatory Burdens
The IAA has weighed in on the SEC’s proposal to raise the reporting threshold to $3.5 billion for Form 13F reports by institutional investment managers, eliminate the omission threshold for...
October 02, 2020
Tags: Exchange Act Reporting, Form 13F
SEC Adopts Fund of Funds Rule – Without Redemption Limit Opposed by the IAA
In a policy win for the IAA, the SEC has adopted a new “fund of funds” rule that does not include a proposed redemption limitation on a fund that acquires...
October 08, 2020
Tags: Fund of Funds, Gail Bernstein, Investment Company, Investment Company Act
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