Top of the Agenda - Regulatory

SEC ETF rule proposal likely on boards' fall agendas
By Hillary Jackson
Boards overseeing exchange-traded funds—or working with advisers that plan to enter the ETF market—are likely to spend time at their third- and fourth-quarter meetings familiarizing themselves with a new ETF rule proposed in June by the Securities and Exchange Commission. The rule is designed to streamline the process of bringing ...  >> CONTINUE READING <<<

 

 

ETF rules, liquidity risk disclosures on SEC agenda
By FBV Staff
The Securities and Exchange Commission is holding an open meeting tomorrow to consider amendments related to liquidity risk management disclosures for open-end funds, a rule that would exempt exchange-traded funds from certain provisions of the Investment Company Act of 1940, and several other items. 
 
Both the liquidity risk management disclosure amendments ...  >> CONTINUE READING <<<

 

 

Governance pros applaud SEC's paperless rule
By Hillary Jackson
Mutual fund governance professionals on Tuesday commended the Securities and Exchange Commission's move to modernize shareholder report delivery, pointing out that going paperless will reduce costs, save trees, and cater to the habits of "next generation" investors. Amy Lancellotta, managing director of Independent Directors Council, hailed SEC Chairman Jay Clayton ...  >> CONTINUE READING <<<

 

 

SEC's Blizzard to leave IM Division this month
By Hillary Jackson
Diane Blizzard, associate director of the Securities and Exchange Commission's Division of Investment Management, will leave her position at the end of this month, wrapping up 18 years of service. Since 2012 Blizzard has been a key player in the Division's rulemaking efforts, contributing to recent rules covering reporting modernization, ...  >> CONTINUE READING <<<

 

 

Scheidt to retire from SEC's IM Division
By Hillary Jackson
Douglas Scheidt will retire from the Securities and Exchange Commission's Division of Investment Management at the end of September after decades of public service. An associate director and chief counsel of the division, Scheidt has been involved with countless regulatory initiatives and rulemakings during his career, which has included more ...  >> CONTINUE READING <<<

 

 

SEC's Blass eyes updating valuation guidance

By Hillary Jackson
Securities and Exchange Commission staff is considering updating valuation guidance to reflect evolution in the markets and the standards for accounting, auditing and reporting, according to Dalia Blass, director of the Division of Investment Management. "We are in the early stages, but we are hopeful that we can develop recommendations to ...  >> CONTINUE READING <<<

 

 


Most Read

Top of the Agenda - Regulatory
SEC ETF rule proposal likely on boards' fall agendas

Boards overseeing exchange-traded funds—or working with advisers that plan to enter the ETF market—are likely to spend time at their third- and fourth-quarter meetings familiarizing themselves ...
Top of the Agenda - Legal
 Appeals court upholds 2016 AXA ruling

The U.S. Court of Appeals on Tuesday affirmed a lower court decision in favor of the defendants in an excessive fees case against AXA Equitable Life ...