Notice
17 Jun 2025
securities, investment, nyse, regulatory change, shareholder meetings, closed-end funds
📈NYSE Proposal
The SEC is considering a proposed rule change by the NYSE to exempt newly-listed closed-end funds from the requirement to hold annual shareholder meetings. The proposal aims to reduce costs for funds while ensuring investor protections through existing regulations. The NYSE believes this change could encourage new fund listings, enhancing capital market opportunities.
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Notice
7 Feb 2025
compliance, regulations, securities, investment companies, shareholder meetings
📊Withdrawal of Proposed Rule Change on Shareholder Meetings
The Securities and Exchange Commission formally acknowledged the withdrawal of a proposed rule change by Cboe BZX Exchange, which sought to exempt closed-end management investment companies from annual shareholder meeting requirements. This action underscores the complexities of regulatory compliance for investment companies under the Investment Company Act of 1940.
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