Undoing the put. Bloomberg contemplated the US Federal Reserve Board’s plans to reduce liquidity in the overnight lending market by expanding its reverse repo program. Although the US central bank says that its venture into money markets will be short-lived, Bloomberg pondered whether reality will allow it to do so. (8/3/2015) Undoing the put.
US Department of Labor Advisory Council to meet. The US Department of Labor’s Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory Council, will meet on August 18-20, 2015 in Washington, DC. The Advisory Council is expected to consider model notices and disclosures for pension risk transfers and model notices and plan sponsor education on lifetime plan participation. Written statements may be submitted by August 11, 2015. (7/30/2015) Department of Labor press release.
OSC publishes “The Investment Funds Practitioner.” The OSC published the latest edition of “The Investment Funds Practitioner,” which provides an overview of recent issues arising from applications for discretionary relief, prospectuses, and continuous disclosure documents that investment funds file with the OSC. It is intended to assist investment fund managers and their staff or advisors who regularly prepare public disclosure documents and applications for exemptive relief on behalf of investment funds. (7/23/2015) The Investment Funds Practitioner.
OSC revises table of concordance. The OSC published revisions to the “Table of Concordance and List of New Instruments.” (7/23/2015) OSC Staff Notice 11-739(revised).