📈SEC Notice
The SEC has issued a notice regarding an application from several investment funds seeking permission to co-invest in portfolio companies. This application aims to permit joint transactions that are typically prohibited, potentially impacting investment strategies and regulatory compliance for involved entities. Interested parties have the option to request a hearing on the matter.
Learn More📈SEC Notice
The SEC issued a notice regarding an application by Morgan Stanley Pathway Funds for exemptions from certain regulations related to subadvisory agreements. This would allow them to make amendments without requiring shareholder approval and would alleviate certain disclosure obligations. Interested parties may request a hearing on the matter, with parameters outlined in the notice.
Learn More📈SEC Seeks Comments on Form 13F Compliance Requirements
The Securities and Exchange Commission is soliciting comments regarding the continuation of Form 13F, which requires institutional investment managers to file quarterly reports for U.S. exchange-traded equity securities. The notice outlines regulatory obligations tied to reporting, the methodologies for estimating compliance costs, and the implications of recent amendments affecting data submission practices.
Learn More📈SEC Notice on Venerable Variable Insurance Trust Exemption Application
The SEC has issued a notice regarding an application from Venerable Variable Insurance Trust and Venerable Investment Advisers, LLC, seeking an exemption under the Investment Company Act. This exemption would allow the approval of sub-advisory agreements without the need for in-person meetings, aiming to streamline governance and operational processes for the trust's board of trustees.
Learn More🏦SEC Notice for Mercer Funds on Sub-Advisory Agreement Exemption
The Securities and Exchange Commission (SEC) has issued a notice regarding an application from Mercer Funds and Mercer Investments LLC for an exemption under the Investment Company Act. This exemption would allow the Trust's board of trustees to approve new and modified sub-advisory agreements without adhering to the traditional in-person meeting requirement. Interested parties may request a hearing on the application.
Learn More📈SEC Notice on GoldenTree Fund Exemption Application
This SEC notice pertains to an application from GoldenTree Opportunistic Credit Fund for an exemption to allow multiple share classes and the imposition of asset-based fees. The Commission invites public comments and requests for hearings on this application, highlighting its significance for registered investment companies.
Learn More⚖️SEC Temporary Order for Credit Suisse
The Securities and Exchange Commission has issued a temporary order allowing Credit Suisse Services AG and its affiliates to continue operations despite ongoing legal complexities. This exemption is critical for maintaining their investment advisory services while navigating significant compliance issues stemming from past convictions related to financial misconduct. The decision impacts direct operational and financial strategies within the firm.
Learn More💼SEC Notice on Co-Investment Application for Business Development Companies
The Securities and Exchange Commission has announced a notice regarding an application that seeks permission for certain business development companies to co-invest in portfolio companies, aiming to streamline investment practices and foster collaboration among investment firms. Interested parties can request a hearing on the matter.
Learn More📈SEC Proposal for P.M.-Settled Options on S&P 500 Equal Weight Index
The SEC has published a notice for a proposed rule change allowing Cboe Exchange to list and trade p.m.-settled options on the S&P 500 Equal Weight Index. This change aims to provide additional trading opportunities and more precise risk management options for investors, thereby enhancing market participation and investment strategies.
Learn More📈SEC Notice for RJ Private Credit Income Fund Exemption Application
The SEC has issued a notice regarding the RJ Private Credit Income Fund's application for exemptions from specific sections of the Investment Company Act of 1940. The application aims to enable certain closed-end investment companies to issue multiple classes of shares and charge early withdrawal fees. Interested parties may request a hearing on the matter.
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