The Securities and Exchange Commission (SEC) recently voted to propose a new rule under the Investment Company Act of 1940 (‘40 Act) to establish an updated framework for fund valuation practices with a focus on fair value. With pandemic-fuelled market … Continue reading SEC Revamps its Fair Valuation Rules
The US Securities and Exchange Commission was created in 1934 in the wake of the 1929 Wall Street crash and many of its rules from that period have largely stood the test of time. However, due to significant market changes, … Continue reading SEC Zeroes in on Modernization in 2020
Here are a few important things that happened in 1961. John F. Kennedy was sworn in as US President, Yuri Gagarin became the first human in space, the Berlin Wall began construction, and Pampers brought out the first ever disposable … Continue reading SEC Revamps Advertising Rules for the Digital Age
“You can please some of the people all of the time, you can please all of the people some of the time, but you can’t please all of the people all of the time.” – John Lydgate The US Securities … Continue reading SEC Proxy Voting Rules Splits Industry in Two
Following the US Security and Exchange Commission’s (SEC) approval of Precidian’s Active Shares model in May, four semi-transparent ETF structures were just yesterday given notice of approval by the SEC. The new ETF structures could herald a new era of … Continue reading New Wave of Active ETFs Shield the Secret Sauce
Regulators on both sides of the Atlantic are tightening liquidity rules for investment funds with the primary focus on whether or not fund portfolios can keep their promise of daily liquidity to their fund investors at all times. We have … Continue reading Top Down, Bottom Up: The Topsy-Turvy World of Fund Liquidity