SEC Rules Content

The Office of Information and Regulatory Affairs released the Fall 2021 Unified Agenda of Regulatory and Deregulatory Actions on December 13, 2021. The agenda includes regulatory actions that the SEC and CFTC expect to take between now and October 2022.

The House Financial Services Committee, Subcommittee on Diversity & Inclusion, recently produced a report and held a hearing on diversity and inclusion in America's largest investment management firms.

On December 13, the Institute sent the attached comment letter to the Department of Labor (DOL) in response to its proposal (the "Proposed Rule") addressing the selection of investments for ERISA plans and proxy voting by plan fiduciaries. The Proposed Rule, which was issued in...

ICI has filed a comment letter with the Securities and Exchange Commission on its proposed amendments to enhance reporting of proxy voting information by registered investment companies ("funds") and institutional investment managers ("managers") on Form N-PX ("Proposal").

The MSRB has issued a Request for Information (RFI) to solicit public input on environmental, social and governance (ESG) practices in the municipal securities market. The Board is seeking this input as part of its broader engagement on ESG trends.

On November 17, the SEC proposed changes to its 2020 proxy advice amendments. Most notably, the proposal would rescind provisions in the 2020 amendments.

In March 2021, the Securities and Exchange Commission (SEC) adopted interim final rules to implement the Holding Foreign Companies Accountable Act (HFCA Act), which requires the SEC to identify issuers that have filed annual reports with audit reports issued by a registered audit firm...

On December 7, staff of the US Securities and Exchange Commission issued guidance on key LIBOR transition considerations for market participants. The guidance follows the staff's previously issued guidance issued in July 2019.