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SEC Adopts Amendments to the Investment Company Names Rule (Rule 35d-1)

On September 20, 2023, the Securities and Exchange Commission (“SEC”) adopted amendments to Rule 35d-1[1] (the “Names Rule”) under the Investment Company Act of 1940, as amended (“1940 Act”), as well as amendments to certain...more

SEC Adopts Comprehensive Funds of Funds Rule

On October 7, 2020, the Securities and Exchange Commission (“SEC”) adopted a new rule, Rule 12d1-4, designed to provide a consistent and comprehensive framework governing a registered fund’s ability to invest in another...more

Additional SEC Exemptive Relief in Response to COVID-19

In light of the continuing disruptions that the COVID-19 pandemic is inflicting on financial markets, the Securities and Exchange Commission (“SEC”) on March 23, 2020 issued a temporary exemptive order (the “Temporary...more

Ramifications of the COVID-19 Outbreak on Open-End Investment Companies

As the outbreak of COVID-19 has spread internationally, it has impacted almost every facet of life in the United States. Financial markets too have been severely impacted with extreme levels of volatility and, for most broad...more

3/16/2020

SEC Adopts Final ETF Rule to Streamline and Ease Product Development

On September 26, 2019, the Securities and Exchange Commission (“SEC”) adopted a new rule to modernize the regulation of most exchange-traded funds (“ETFs”). Rule 6c-11 (the “Rule”) under the Investment Company Act of 1940, as...more

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