Small Funds Content

In June, the SEC issued a request for comment on index providers, model portfolio providers, and pricing services.

Congress recently passed and President Joe Biden signed into law on August 16 the Inflation Reduction Act of 2022 (the Act).

The 2022 primary layout has been designed to "track" IRS Form 1099-DIV. The 2022 secondary layout provides a format for RICs to use in reporting various additional tax-related items.

In June, the SEC issued a request for comment on index providers, model portfolio providers, and pricing services.

On July 26, William Birdthistle, Director of the SEC's Division of Investment Management, gave a speech on current issues and trends in investment management at the Practicing Law Institute Investment Management 2022 program.

Last month, the Securities and Exchange Commission (SEC or "Commission") adopted final rules and form amendments to mandate electronic filing of certain documents that are currently filed in paper format.

On 24 June 2022, the Chinese Securities Regulatory Commission (CSRC) released for public consultation the Interim Provisions on the Management of Publicly Offered Securities Investment Funds for Private Pension Investments (Draft for Comments) ("Draft Provisions").

Last week, the SEC proposed amendments to Rule 14a-8 (the shareholder proposal rule) by a 3-2 vote.

The Investment Company Institute's next Small Funds Committee Government Affairs Update will take place on Tuesday, August 16th 1:00 p.m.-2:00 p.m. ET.