💼SEC Rule 12b-1 Compliance and Business Implications
The Securities and Exchange Commission (SEC) issued a notice regarding the extension of Rule 12b-1, which governs the distribution expenses of registered open-end investment companies. The rule mandates written plans and board approvals to ensure compliance and protect shareholder interests, requiring funds to maintain specific records and reporting practices for effective oversight.
Learn More📊DOL Seeks Comments on Prohibited Transaction Class Exemption
The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
Learn More📝DOL Submits Comment Request on Investment Fund Regulations
The Department of Labor (DOL) is submitting this Employee Benefits Security Administration (EBSA)-sponsored information collection request (ICR) to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995 (PRA). Public comments on the ICR are invited.
Learn More