April 24, 2019

SEC Staff Issues Liquidity FAQ on Extended Holiday Closures

On April 10, 2019, the SEC staff (Staff) prepared new FAQ #34 under its Investment Company Liquidity Risk Management Programs Frequently Asked Questions to address the treatment of securities that trade in markets closed for extended holidays (e.g., Chinese New Year) with respect to requirements under Rule 22e-4 under the…

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April 24, 2019

SEC Staff Grants No-Action Relief Under Section 15(a) of the 1940 Act

On April 15, 2019, the SEC staff (Staff) granted no-action relief  under Section 15(a) of the Investment Company Act of 1940 (the “1940 Act”) to allow investment advisers (Advisers) to certain series (Funds) of the Quaker Investment Trust (the “Trust”) to continue to serve as investment…

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April 24, 2019

SEC’s Office of Compliance Inspections and Examinations Issues Risk Alert Highlighting Compliance Issues Related to Regulation S-P

On April 16, 2019, the Securities and Exchange Commission’s Office of Compliance Inspections and Examinations issued a risk alert on compliance issues related to Regulation S-P. Seward & Kissel has recently prepared a memorandum “Investment Adviser and Broker-Dealer Compliance Issues Related to…

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April 8, 2019

SEC Adopts Amendments to Modernize and Simplify Disclosure for Investment Companies and Investment Advisers

On March 20, 2019, the Securities and Exchange Commission ("SEC") adopted amendments to modernize and simplify certain disclosure requirements in Regulation S-K and related rules and forms, as mandated by the 2015 Fixing America's Surface Transportation Act.

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April 8, 2019

SEC Director of Investment Management Dalia Blass Delivers Keynote Address at the ICI Mutual Funds and Investment Management Conference

On March 18, 2019, the SEC’s Director of the Division of Investment Management (Division), Dalia Blass, delivered a speech at the Investment Company Institute (ICI) Mutual Funds and Investment Management Conference.

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April 8, 2019

SEC Commissioner Elad Roisman Delivers Keynote Address at the ICI Mutual Funds and Investment Management Conference

On March 18, 2019, SEC Commissioner Elad Roisman delivered a speech at the Investment Company Institute (ICI) Mutual Funds and Investment Management Conference.

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