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SEC Adopts Amendments to Form N-PORT and Form N-CEN Reporting Relating to Liquidity Risk Management; Issues Guidance on Open-End...

On August 28, 2024, the Securities and Exchange Commission (“SEC”) adopted amendments to reporting requirements on Forms N-PORT and N-CEN that apply to certain registered investment companies, including registered open-end...more

Are the SEC’s Private Fund Advisers Rules Now Dead? No, but they are on Life Support

The U.S. Court of Appeals for the Fifth Circuit (the “Fifth Circuit”) has thrown a wrench into the gears of the U.S. Securities and Exchange Commission (the “SEC”) in its attempt to regulate those investment advisers that...more

SEC Adopts Highly Anticipated Private Funds Rules

The U.S. Securities and Exchange Commission (the “SEC”) last week adopted highly anticipated new rules and amendments (the “Adopted Rules”) to the Investment Advisers Act of 1940, as amended (the “Advisers Act”), that will...more

SEC Proposes Changes to Liquidity Risk Management and Swing Pricing Rules

On November 2, 2022, the Securities and Exchange Commission (“SEC”) proposed  amendments to the current rules relating to liquidity risk management and swing pricing (the “Proposal”)....more

SEC Proposes New Rule Requiring Investment Adviser Oversight of Certain Third Party Service Providers

On October 26, 2022, the Securities and Exchange Commission ("SEC") proposed a new rule under the Investment Advisers Act of 1940 ("Advisers Act") to prohibit registered investment advisers from outsourcing certain services...more

SEC Adopts Modernized Disclosure Framework for Shareholder Reports

On October 26, 2022, the Securities and Exchange Commission (“SEC”) adopted rule and form amendments that modernize the disclosure framework for mutual funds and exchange-traded funds (“ETFs”) to create a new layered...more

SEC Adopts New Rules on Investment Company Use of Derivatives

he U.S. Securities and Exchange Commission (the “SEC”) recently adopted new rules and rule and form amendments under the Investment Company Act of 1940 (the “1940 Act”) relating to, among other things, use of derivatives and...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

Top 4 Questions Fund Boards Should Ask in the Wake of the Coronavirus

As the coronavirus continues to affect markets worldwide, many groups are conducting internal reviews and risk-assessments. In the investment management world, here are the top 4 questions fund boards should be asking their...more

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