March 30, 2016

Investment Management Issues Guidance Concerning FAST Act Changes Affecting Investment Advisers to Small Business Investment Companies

In a Guidance Update, staff of the SEC’s Division of Investment Management outlines amendments to the Investment Advisers Act in the recently passed (Dec. 4, 2015) FAST Act, and provided its view on the exemptions now available to advisers to Small Business Investment Companies (SBICs).

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March 14, 2016

Investment Management Director Discusses Fund and Director Responsibilities

In remarks at the ICI’s 2016 Mutual Funds and Investment Management Conference, David Grim, the Director of the SEC’s Division of Investment Management, discussed his views on mutual fund boards’ responsibilities in light of recent events.

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March 3, 2016

Investment Management Director Discusses Division Priorities

In an address at the 2016 PLI Investment Management Institute, Director Grim, discussed the Division’s focus on rules concerning exchange-traded funds, improving the effectiveness of disclosure and developing guidance and policy to support the oversight function of fund boards.

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March 2, 2016

Investment Management Issues Guidance Concerning Fund Disclosures Regarding Current Market Conditions

In a Guidance Update, Staff of the SEC’s Division of Investment Management set out steps funds should take on an ongoing basis to provide investors with risk disclosures that remain robust in changing market conditions.  Funds should monitor market conditions and their impact on fund risks to determine if changing…

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