What’s Next for ESG Disclosures? The SEC’s Recent Statements on These Burgeoning Investments

What’s Next for ESG Disclosures? The SEC’s Recent Statements on These Burgeoning Investments WHAT HAPPENED? Climate and environmental, social, and governance (ESG) topics continue to gain prevalence in capital markets, especially when it comes to evolving regulatory expectations. As new disclosure protocols are finalized and existing ESG guidelines become [...]

By | 2021-06-14T12:14:37+00:00 June 14th, 2021|FilePoint® Flash Reports, Regulatory Updates|

The SEC’s Bitcoin Futures Warning for Mutual Funds

The SEC’s Bitcoin Futures Warning for Mutual Funds Last week, the SEC released a statement pertaining to funds investing in Bitcoin futures. Market participants have pushed for cryptocurrency ETFs in recent years, with no sign the SEC will approve these products in the near future. Instead, the Commission continues to [...]

Temporary changes to document retention requirements

Temporary changes to document retention requirements The U.S. Securities and Exchange Commission recently issued a statement temporarily amending certain documentation requirements under Rule 302(b) of Regulation S-T. The changes come in response to the logistical challenges posed by COVID-19. Rule 302(b) requires that signatories of documents electronically filed with the [...]

Open-End Funds: Proposed Amendments to Reporting and Disclosure Requirements

Open-End Funds: Proposed Amendments to Reporting and Disclosure Requirements WHAT HAPPENED? On Aug. 5, 2020, the United States Securities and Exchange Commission proposed a new set of amendments to mutual fund and exchange-traded fund disclosure requirements. The package includes, among other things, changes to visual presentation requirements and the [...]

SEC Proposes Changes to Form 13F

SEC Proposes Changes to Form 13F WHAT HAPPENED? On July 10, 2020, the United States Securities and Exchange Commission proposed amendments to Form 13F reporting. The changes would affect the filing threshold for institutional advisers and several other requirements. Because the filing requirements have not been updated since adoption of [...]

By | 2020-07-15T11:33:33+00:00 July 14th, 2020|FilePoint® Flash Reports, Regulatory Updates|

New Final Rule: SEC to Modernize Closed-End Fund Requirements

New Final Rule: SEC to Modernize Closed-End Fund Requirements WHAT HAPPENED? On April 8, 2020, the United States Securities and Exchange Commission adopted a new final rule which will modernize business development company (BDC) and closed-end fund (CEF) requirements to meet those already applied to operating companies. The new [...]

By | 2020-05-19T15:20:34+00:00 May 19th, 2020|FilePoint® Flash Reports, Regulatory Updates|

New Final Rule: Summary Prospectus for Variable Annuities

New Final Rule: Summary Prospectus for Variable Annuities WHAT HAPPENED? Recently, the Securities and Exchange Commission adopted a new final rule, 498A, and form amendments which intend to modernize disclosure requirements and allow investors to make more informed decisions about variable annuity and variable life insurance contracts. The new [...]

By | 2020-04-18T11:51:13+00:00 April 17th, 2020|FilePoint® Flash Reports, Regulatory Updates|

The SEC Issues Regulatory Relief Amid Form ID and Notarization Challenges

The SEC Issues Regulatory Relief Amid Form ID and Notarization Challenges WHAT HAPPENED? On March 23, 2020, the SEC acknowledged in an announcement that it is aware of challenges with meeting certain requirements for initial access to the EDGAR filing system; in particular, the Form ID application process and [...]