SEC Rules Content

On May 26, the Market Participants Division of the Commodity Futures Trading Commission (CFTC or "Commission") issued updated responses to frequently asked questions (FAQs) regarding CFTC Regulation 4.27 and CFTC Form CPO-PQR.[1] The FAQs are summarized briefly below.

CFA Institute is developing voluntary, global industry standards - CFA Institute ESG Disclosure Standards for Investment Products - to establish disclosure requirements for investment products with environmental, social, and governance (ESG)-related features. In August 2020, it...

As we previously informed you, in March, then Acting Chair Allison Herren Lee requested public input on how the Commission can best regulate, monitor, review, and guide climate change disclosures in order to provide more consistent, comparable, and reliable information for investors...

Last month, the Securities and Exchange Commission re-opened the comment period for its 2016 universal proxy proposal. The proposal would amend the proxy rules to mandate the use of universal proxy cards in contested director elections at shareholder meetings.

In a May 24 speech, SEC Commissioner Allison Herren Lee provided her views on the myths and misconceptions about materiality, which are summarized below.

On April 30, NYU Law Institute for Corporate Governance and Finance hosted a roundtable, titled "Given that it looks like the SEC will mandate ESG disclosure, what should it mandate?" April Klein, Robert Jackson, and Edward Rock hosted the event. Former SEC Commissioner Robert Jackson...

CFA Institute is developing voluntary, global industry standards—CFA Institute ESG Disclosure Standards for Investment Products—to establish disclosure requirements for investment products with environmental, social, and governance (ESG)-related features. In August 2020, it released a...

On May 18, the Office of Foreign Assets Control (OFAC) issued General License 1B "Authorizing Transactions Involving Securities of Certain Communist Chinese Military Companies"[1] with respect to Executive Order 13959 of November 12, 2020, Addressing the Threat From Securities...

On May 13, ICI filed the attached letter urging the SEC to reform the processing fee framework that governs the fees that intermediaries may charge funds for delivering proxy and other disclosure materials to fund shareholders who hold shares through such intermediaries.

On Tuesday, the staff of the Securities and Exchange Commission's Division of Investment Management issued a statement on registered fund investments in cash-settled Bitcoin futures traded on CFTC-regulated exchanges ("Bitcoin futures").[1] The statement cautions funds investing in...