Memo #
32084

Member Call to Discuss SEC's Proposed Rules on Funds' Use of Derivatives and Sales Practices for Transactions in Leveraged/Inverse Vehicles Scheduled for December 11 at 3 pm (Eastern)
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[32084]

December 6, 2019 TO: 1940 Act Derivatives Working Group
Accounting/Treasurers Committee
Chief Compliance Officer Committee
Closed-End Investment Company Committee
Derivatives Markets Advisory Committee
ETF (Exchange-Traded Funds) Committee
ETF Advisory Committee
Operations Committee
Sales and Marketing Committee
SEC Rules Committee
Small Funds Committee
Variable Insurance Products Advisory Committee RE: Member Call to Discuss SEC's Proposed Rules on Funds' Use of Derivatives and Sales Practices for Transactions in Leveraged/Inverse Vehicles Scheduled for December 11 at 3 pm (Eastern)

 

As previously reported, the Securities and Exchange Commission issued a release proposing a three-part set of rules that would provide an updated approach to the regulation of funds’ use of derivatives and similar instruments.[1] An ICI Memorandum describing the proposal is available at: https://www.ici.org/my_ici/memorandum/memo32083.

ICI will have a 90-minute member call to discuss the proposal and potential comments on the proposal on Wednesday, December 11 beginning at 3:00 pm (Eastern Time).

The dial-in information is as follows:

Dial-in Number: 888-989-7538 Participant Passcode: 2624175

Please do not share this dial-in information outside your firm. Comments are due 60 days after the proposal is published in the Federal Register (the proposal has not yet been published).

In the meantime, if you have any questions or comments, please contact Kenneth Fang at kenneth.fang@ici.org.

 

Kenneth Fang
Assistant General Counsel

 

endnotes

[1] See Use of Derivatives by Registered Investment Companies and Business Development Companies; Required Due Diligence by Broker-Dealers and Registered Investment Advisers Regarding Retail Customers’ Transactions in Certain Leveraged/Inverse Investment Vehicles, Investment Company Act Release No. 33704 (Nov. 25, 2019), available at https://www.sec.gov/rules/proposed/2019/34-87607.pdf.