Small Funds Content

The U.S. Securities and Exchange Commission has published for comment proposed rules that will require registered investment companies, investment advisers, and business development companies to "adopt and implement written policies and procedures that are reasonably designed to...

On January 27, the SEC's Division of Examinations ("EXAMS") issued a Risk Alert on private fund adviser compliance deficiencies. The alert compiles results from past exams as seen through the lens of advisers' fiduciary duties and requirements under the Advisers Act prohibiting untrue...

The SEC reopened for comment a proposal to amend its executive compensation disclosure rule to require certain registrants (including business development companies but not registered investment companies) to describe, in response to Item 402 of Regulation S-K, how their executive...

On January 26, the SEC approved proposed amendments to Form PF in an open meeting through a three-to-one vote. Generally, Form PF is filed by investment advisers to private funds to provide confidential information to the SEC and the Financial Stability Oversight Council (FSOC) about...

The Small Funds Committee March sessions open for registration are: Government Affairs Update, March 8th 1:00–2:00 ET Research Update, March 9th 1:00–2:00 ET

The next meeting of the Investment Company Institute's Small Funds Sales & Marketing Sub-Committee “Shop Talk” will be held on March 10, 1:00–2:00 p.m. ET via Zoom.

The Treasury Department and the Internal Revenue Service (IRS) have issued final regulations regarding the transition from the London Interbank Offered Rate (LIBOR) and other Interbank Offered Rates (IBORs) to an alternative reference rate.

ICI has filed a comment letter with the Securities and Exchange Commission on proposed rule 10c-1 ("Proposal") under the Securities Exchange Act of 1934, which would require the reporting of securities loans to FINRA.

As summarized below, the IRS has posted updated versions of various tax forms and instructions (some in draft form) related to pension and retirement plan distributions.

Each year, ICI conducts a telephone survey of US households to track households' ownership of mutual funds and to gather information on their demographic and financial characteristics. The most recent survey was conducted from May to June 2021 and was based on a dual-frame telephone...