Notice
6 Jun 2025
sec, financial services, securities regulation, investment companies, shareholder rights, closed-end funds
📈SEC Proposes Exemption for Closed-End Funds from Annual Meetings
The SEC is considering a new rule allowing Closed-End Funds listed from May 20, 2025, onward to be exempt from annual shareholder meetings, streamlining operations and potentially enhancing market participation. This change aims to protect shareholders while encouraging the formation of new funds by reducing regulatory burdens associated with costly annual meetings.
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Notice
7 Feb 2025
compliance, securities, investment management, shareholder rights, stock exchange
📈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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