The staff of the Division of Investment Management (the “Staff”) has issued a FAQ pertaining to the rule and form amendments adopted by the Securities and Exchange Commission (the “SEC”) in October 2022, which require open-end mutual funds and exchange-traded funds (“ETFs”, and together with open-end mutual funds, “funds”) registered on Form N-1A to transmit
William MacGregor
Question of the Week: What is the Most Significant Regulatory Change You Expect to See This Year and Why?
In the registered fund world, we spent much of the past year focused on complying with – and implementing – new, operationally complex rules covering derivatives, valuation and fund-of-fund investments, among others. This year, I expect the SEC to examine fund and adviser compliance with the technical aspects of those newly implemented rules, including a…