SEC Updates Performance Fee Rule to Remove Specific Dollar Amounts
The SEC has amended the rule that allows advisers to charge performance-based fees to qualified clients, to remove specific dollar amounts.
November 22, 2021
SEC Proposes Reporting Say-on-Pay Votes, Updates to Fund Proxy Reporting
In a 4-1 vote at Chair Gary Gensler’s first open meeting, the SEC proposed requiring institutional investment managers that are required to file Form 13F to report “say-on-pay” votes, which are non-binding shareholder votes related to corporate executive compensation.
October 05, 2021
Tags: Elad Roisman, ESG, Gary Gensler, Hester Peirce, Mutual Funds, Proxy, SEC Investment Management
SEC Offers Free Training on Identifying and Reporting Elder Abuse
The SEC has announced a joint training program titled Addressing and Reporting Financial Exploitation of Senior and Vulnerable Adult Investors.
July 07, 2021
Federal Agencies Release Spring 2021 Regulatory Agendas
Federal agencies recently released the spring 2021 update to their regulatory agendas. These agendas are the first issued under the Biden Administration and reflect this administration’s policy priorities.
June 16, 2021
Tags: Accredited Investor, CFTC, Custody, DOL, ESG, Marketing Rule, Money Market Fund, Proxy Voting, Regulatory Agendas, SEC Investment Management
SEC Investment Management Highlights Focus Areas in Statement on Funds Investing in Bitcoin Futures
The SEC’s Division of Investment Management (IM) staff has issued a statement regarding registered funds investing in the Bitcoin futures market.
May 19, 2021
Tags: Bitcoin, SEC Investment Management
The Chief Accountant of the SEC’s Division of Investment Management has issued a “Dear CFO Letter” to assist funds, advisers, and their independent public accountants “in addressing certain accounting, auditing, financial reporting, or other related disclosure matters.”
May 04, 2021
Tags: Custody, Derivatives, Mutual Funds, SEC Investment Management, Valuation
SEC Requests Comment on Money Market Fund Report
The SEC is requesting public comment on potential reforms for money market funds that were discussed in a report by the President’s Working Group on Financial Markets.
February 10, 2021
Tags: Coronavirus, COVID-19, Dalia Blass, Money Market Fund, SEC Investment Management
SEC No-Action Letter Allows Funds to Custody Loan Interests
The SEC’s Division of Investment Management has issued a no-action letter that allows registered funds to self-custody interests in term or delayed draw corporate loans that are originated, negotiated, and structured by one or more primary lenders.
January 25, 2021
Tags: Custody, Investment Company Act, Mutual Funds, SEC Investment Management
SEC Requests Feedback on Money Market Fund Report
The SEC’s Division of Investment Management is seeking feedback on a report by the President’s Working Group on Financial Markets on the effects of the March 2020 market volatility on money market funds and short-term funding markets.
December 28, 2020
Tags: Coronavirus, COVID-19, Dalia Blass, Industry Trends, Money Market Fund, SEC Investment Management
Blass, Kothari to Depart SEC in January; SEC Names Acting Directors
After a little over three years at the helm of the SEC’s Division of Investment Management, Dalia Blass is set to leave the SEC in January. The SEC has also announced the departure in January of its chief economist and Director of the Division of Economic and Risk Analysis, S.P. Kothari.
December 22, 2020
Tags: Dalia Blass, DERA, Sarah ten Siethoff, SEC Investment Management