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The SEC feels the need for speed—SEC proposes amendments to exemptive application procedures

USA - October 29 2019 On October 18, 2019, the US Securities and Exchange Commission (the "SEC") announced that it had voted to propose rule amendments1 intended to…

Cynthia R. Beyea, Thomas E. Bisset, Steven B. Boehm, Vlad M. Bulkin, Taylor W. Davison, Stephani M. Hildebrandt, Dodie C. Kent, Clifford E. Kirsch, Cynthia M. Krus, Anne G. Oberndorf, Stephen E. Roth, Payam Siadatpour, Mary Jane Wilson-Bilik

SEC proposes revised “significant subsidiary” tests for investment companies and reduced financial information requirements for fund acquisitions

USA - May 15 2019 On May 3, 2019, the Securities and Exchange Commission (SEC) voted to propose rule amendments with regard to financial disclosures about acquired and…

Cynthia R. Beyea, Steven B. Boehm, Vlad M. Bulkin, Stephani M. Hildebrandt, Terri G. Jordan, Cynthia M. Krus, Ingrid E. Messbauer, Adam W. Park, Stephen E. Roth, Payam Siadatpour

Not so FAST - SEC passes rules to implement FAST Act provisions

USA - March 29 2019 On March 20, 2019, the SEC adopted rules (the Rules) to implement certain provisions of the FAST Act. The omnibus highway bill called "Fixing…

Cynthia R. Beyea, Steven B. Boehm, Vlad M. Bulkin, Annie M. Flowers, Stephani M. Hildebrandt, Terri G. Jordan, Cynthia M. Krus, Payam Siadatpour

SEC proposes offering reforms for business development companies and registered closed-end funds

USA - March 21 2019 On Wednesday, March 20, the Securities and Exchange Commission voted to propose rule amendments to implement certain provisions of the Small Business…

Cynthia R. Beyea, Steven B. Boehm, Vlad M. Bulkin, Stephani M. Hildebrandt, Terri G. Jordan, Cynthia M. Krus, Payam Siadatpour

And now for some good news—SEC no-action position provides limited relief for fund in-person voting requirements

USA - March 14 2019 On February 28, 2019, the Chief Counsel’s Office of the Securities and Exchange Commission’s Division of Investment Management issued a…

Cynthia R. Beyea, Steven B. Boehm, Vlad M. Bulkin, Stephani M. Hildebrandt, Terri G. Jordan, Ronald D. Coenen, Jr., Cynthia M. Krus, Adam W. Park, Stephen E. Roth, Payam Siadatpour