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Results: 1-10 of 12

Treasury Report, Part II: Regulation of the Capital Markets
  • Morrison & Foerster LLP
  • USA
  • October 10 2017

The U.S. Department of the Treasury ("Treasury Department" or "Treasury") issued its second report (of four reports), titled "A Financial System that


Inline XBRL Proposed Rule and IFRS Taxonomy
  • Morrison & Foerster LLP
  • USA
  • March 6 2017

On March 1, 2017, the Securities and Exchange Commission (the "Commission") proposed the use of the Inline XBRL (eXtensible Business Reporting


Mutual Funds As Venture Capitalists? Evidence from Unicorns
  • Morrison & Foerster LLP
  • USA
  • February 13 2017

In a recent paper, authors Sergey Chernenko, Josh Lerner, and Yao Zeng consider investments by mutual funds (“cross over funds”) in 99 unicorn


IRS and Treasury release 2011- 2012 Priority Guidance Plan
  • Morrison & Foerster LLP
  • USA
  • October 21 2011

On September 2, 2011, the IRS and Treasury released the annual Priority Guidance Plan for 2011-2012 (the “Plan”), which contains 317 projects that are priorities for both agencies during the plan year (July 2011 through June 2012


Securities and Exchange Commission tackles fund use of derivatives
  • Morrison & Foerster LLP
  • USA
  • October 5 2011

On August 31, 2011, the Securities and Exchange Commission published a Concept Release and requested comments on issues concerning the use of derivatives by investment companies, including mutual funds, closed-end funds, exchange-traded funds and business development companies


RIC commodity ruling update
  • Morrison & Foerster LLP
  • USA
  • August 2 2011

We learned last week that the Internal Revenue Service (“IRS”) has imposed an informal moratorium on private letter rulings for regulated investment companies (“RICs”) that invest in commodities through foreign subsidiaries or structured notes, presumably because the government is reconsidering the tax issues involved


UIT basics
  • Morrison & Foerster LLP
  • USA
  • July 14 2011

A unit investment trust, which is a type of registered investment company under the Investment Company Act of 1940 (the 1940 Act), may be used as a means of offering structured investments


Regulators turn to the stability risks presented by the explosive growth of exchange-traded funds
  • Morrison & Foerster LLP
  • Global
  • June 7 2011

Global regulators have raised concerns over the increased prevalence of exchange-traded funds (“ETFs”) as investment vehicles, as well as the new uses to which these vehicles are being put


The classroom
  • Morrison & Foerster LLP
  • USA
  • July 16 2010

A regulated investment company ("RIC") is a tax-favored vehicle that receives the benefit of avoiding an entity level tax through a dividends paid deduction if several requirements are met


Proposed bill seeks to modernize tax treatment of RICs
  • Morrison & Foerster LLP
  • USA
  • December 31 2009

Earlier this month, House Ways and Means Committee chairman, Charles Rangel (D-New York) introduced the Regulated Investment Company Modernization Act of 2009 ("Act"