The SEC printed its semi-annual regulatory agenda for spring 2020, as required by the Regulatory Flexibility Act. The short-term agenda identifies guidelines that the SEC expects to think about within the subsequent twelve months. Different actions into account are positioned on the long-term agenda.
Brief-Time period Agenda. The spring 2020 short-term agenda consists of proposed Rule 2a-5 beneath the Funding Firm Act of 1940, addressing funding firm truthful valuation, and amendments to Type PF for which a proposal has not but been issued, every of that are new objects to the SEC’s rulemaking agenda. Amendments to the proxy course of and amendments to Rule 17a-7, regarding the exemption of sure buy or sale transactions between an funding firm and sure affiliated individuals, have been moved from the long-term agenda to the short-term agenda. Objects that stay on the short-term agenda from fall 2019 embody proposed Rule 18f-Four beneath the 1940 Act, relating to using by-product devices by registered funding firms, amendments to the custody guidelines for funding advisers, for which a proposal has not but been issued, in addition to amendments to Guidelines 206(4)-1 and 206(4)-Three beneath the Funding Advisers Act of 1940 relating to advertising and marketing communications and practices by funding advisers and amendments to fund-of-funds preparations beneath the 1940 Act, for which the SEC has issued rule proposals.
Lengthy-Time period Agenda. The spring 2020 long-term agenda consists of proposed rulemaking relating to names of registered funding firms and enterprise growth firms beneath Part 35(d) of and Rule 35d-1 beneath the 1940 Act, in addition to rule and type amendments relating to funding firm proxies, every of that are new objects to the SEC’s rulemaking agenda. Objects that stay on the long-term agenda from fall 2019 embody amendments to the custody guidelines for funding firms, in addition to rule and type amendments to modernize funding firm disclosure.
The SEC’s full rulemaking agendas can be found right here.
© 2020 Vedder ValueNationwide Regulation Assessment, Quantity X, Quantity 220