Notice
7 Feb 2025
investment management, shareholder rights, stock exchange, securities, compliance
📈NYSE Withdraws Rule Change on Annual Meetings for Closed-End Funds
The SEC announces the withdrawal of NYSE's proposed rule amendment, which aimed to exempt closed-end funds registered under the Investment Company Act of 1940 from annual shareholder meeting requirements. The decision followed an extended review period and highlights ongoing regulatory scrutiny around shareholder engagement processes within the investment sector.
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