We are pleased to announce that we will be holding a webinar with Institutional Shareholder Services (ISS) covering its approach to determining recommendations related to voting the shares of listed closed-end companies. The webinar will be virtual and will begin at 2:30 p.m. (ET) on...
On June 29, 2023, Saba Capital Management, L.P. ("Saba") filed a complaint in the United States District Court of the Southern District of New York against sixteen closed-end funds and several trustees overseeing some of the named funds.
The primary, secondary, and NRA layouts (all in excel spreadsheet form) for use by regulated investment companies ("RICs") in reporting 2023 year-end tax information to brokers and banks are available on the Institute's website at: https://www.ici.org/year-end-tax-reporting.
As we previously informed you, in March 2023, the SEC published for comment proposed rules that would revise Regulation S-P to require SEC registrants to provide breach notices to customers and consumers in the event such persons' non-public personal information is breached.
As we previously informed you, in March 2023, the SEC published for comment proposed rules that would require various registrants, including broker-dealers and transfer agents among others, to adopt and implement written cybersecurity risk programs.
On April 28, the Securities and Exchange Commission (SEC or "Commission") reopened the comment period for its proposal to amend the rules governing beneficial ownership reporting on Schedules 13D and 13G ("Proposal"). The Commission reopened the comment period to allow interested...
The next meeting of the Closed-End Investment Company Committee will take place via Zoom teleconference on Tuesday, April 18, 2023. The meeting will begin at 1:00 p.m. (ET) and end at approximately 3:00 p.m. (ET).
On March 31, 2023, ICI filed a comment letter on the SEC's proposals for Regulation Best Execution and the Order Competition Rule issued by the SEC on December 14, 2022. Proposed Regulation Best Execution would establish a new SEC-level standard regarding a broker-dealer's duty of...
