August 7, 2020

SEC Proposes Modernizations to Fund Shareholder Reports and Disclosures

On August 5, 2020, the SEC proposed rule and form amendments to modernize the disclosure framework for open-end funds (including mutual funds and ETFs) with respect to shareholder reports and ongoing prospectus updates (Amendments).  The Amendments would streamline shareholder reports for open-end funds to require these reports to highlight and…

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August 7, 2020

Director of SEC’s Division of Investment Management Discusses Easing Restrictions on Certain Registered Fund Investments in Private Funds

At a recent speech at PLI’s Investment Management Institute, Dalia Blass, Director of the SEC’s Division of Investment Management (Division), announced that the Division’s staff (Staff) was re-examining a Staff position that historically limited certain registered fund’s investments in underlying hedge funds and private equity funds (private funds). The Staff’s…

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