10 Things

10 Things...about the amended Names Rule

By FBV Staff

The Securities and Exchange Commission last week adopted amendments to Rule 35d-1, commonly referred to as the Names Rule. According to a Sept. 20 statement from the regulator, "the amendments modernize and enhance the Names Rule and other names-related regulatory requirements to further the Commission's investor protection goals and to ... >> CONTINUE READING <<<

10 Things...to ask about new money market funds rule

By FBV Staff

The Securities and Exchange Commission took another stab at money market fund reforms last month, and advisers and the boards that oversee these funds will spend the next year or more working toward compliance with the new rule. At this stage, there are a lot of questions about what’s to ... >> CONTINUE READING <<<

10 Things...boards should know, ask about AI, ChatGPT-like tools

By FBV Staff

Artificial intelligence tools—like ChatGPT and others—are being talked about in every aspect of business and life these days, including in the asset management industry. How much do—and should—mutual fund boards know about AI-related work being done within the advisers of the funds they oversee? According to experts we polled, fund ... >> CONTINUE READING <<<

10 Things...for the summer 2023 reading list

By FBV Staff

Reading is a year-round pleasure, but there's something about summertime that inspires us to focus on the books we've been meaning to get through—in this case, by Labor Day. It's a fun exercise, and it's become tradition for us here at Fund Board Views to put together a list of ... >> CONTINUE READING <<<

10 Things...Boards should ask about tailored shareholder reports

By FBV Staff

The Securities and Exchange Commission adopted a new rule last October that requires mutual and exchange-traded funds to produce and distribute "concise and visually engaging shareholder reports" and include transparent and balanced information on fees and expenses in investment company advertisements. It also requires funds to mail the shorter, modernized ... >> CONTINUE READING <<<

10 Things...to consider when modernizing, harmonizing fund documents

By FBV Staff

Mutual fund complexes, and the boards that oversee them, sometimes have reason and the opportunity to review, modernize, and/or harmonize fund documents. The process can be prompted by a desire or need to update documents of funds that are older, merger or acquisition activity that has brought new funds into ... >> CONTINUE READING <<<