SEC to Require Written Documentation of Annual Review
The SEC has amended Compliance Rule 206(4)-7 to require that annual reviews for all SEC-registered advisers be documented in writing.
September 06, 2023
Office of Investor Advocate Presents Policy Objectives
The SEC’s Office of the Investor Advocate has published its policy objectives for the 2024 fiscal year.
August 03, 2023
Tags: Digital Advice, Investor Advocate, Outsourcing, Private Funds
SEC Proposes Rules on Advisers’ Use of Technology
On Wednesday, the SEC proposed rules addressing conflicts of interest associated with the use of predictive data analytics by advisers and broker-dealers in investor interactions.
July 27, 2023
SEC Adopts Money Market Fund Rule Without Swing Pricing
The SEC amends money market fund rule to remove redemption gates and increase minimum portfolio liquidity requirements; does not require swing pricing but requires new liquidity fee for institutional prime and institutional tax-exempt money market funds.
July 21, 2023
Tags: Form PF, Money Market Fund
House Financial Services Committee Kicks Off “ESG Month”
House Financial Services Committee Republicans have dubbed July “ESG Month,” and have scheduled multiple ESG-focused hearings that are expected to culminate in a markup of ESG legislation addressing proxy advisors, asset managers, disclosure requirements, and other issues.
July 14, 2023
Tags: House Financial Services, Inside the Beltway, Proxy, Proxy Voting
SEC Marketing Rule Continues to be Top Compliance Concern, Survey Shows
For the third year in a row, implementing the SEC’s Marketing Rule for Investment Advisers remains the number one focus for investment adviser chief compliance officers, according to the 2023 Investment Management Compliance Testing Survey.
July 14, 2023
The IAA and NRS, a COMPLY company, today published its annual Investment Adviser Industry Snapshot, which found that the sector grew by 2.1% in 2022, with 15,114 fiduciary investment advisers managing $114.1 trillion in assets for 61.9 million clients.
June 22, 2023
IAA Calls for Holistic Review of Rule Proposals
IAA letter calls on the SEC to conduct a holistic and cohesive review of the Outsourcing, Cybersecurity, Safeguarding, Regulation S-P, and the many other rule proposals affecting advisers, as well as for a reasonable and workable implementation timeline.
June 20, 2023
Tags: Cybersecurity, Outsourcing, Regulation S-P, Safeguarding
SEC Pivots to Finalizing Rules, Other Proposals Coming
Federal agencies issue Spring Reg Flex agendas, reflecting continuation of ambitious agendas.
June 15, 2023
Tags: Money Market Funds, AML, CFTC, Custody, Cybersecurity, DOL, ESG, Private Funds, Proxy Voting, Regulatory Agendas, SEC Investment Management