Small Funds Content

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...

Senators Cardin (D-MD) and Portman (R-OH) recently reintroduced the Retirement Security and Savings Act of 2021 (S. 1770).

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.

The Investment Company Institute's next Small Funds Committee Regulatory Update will take place on Wednesday June 23, 2021 2:00 p.m.-3:00 p.m. ET.

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...

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...

On May 5, 2021, the House Ways and Means Committee held a markup of H.R. 2954, the “Securing a Strong Retirement Act of 2021,” and approved the bill by voice vote. The overwhelmingly bipartisan nature of the markup suggests the package would have little trouble passing the full House...

We wanted to inform you about a recent development related to Executive Order 13959. As a reminder, President Trump on November 12, 2020, issued Executive Order 13959 prohibiting by any US person "any transaction in publicly traded securities, or any securities that are derivative of...