SEC: Rulemaking

The final rule estimates initial costs to satisfy the revised rule 'will range from $50,000 to $500,000 per fund.' For those funds that will have ...

Gensler tells Congress the final private funds rule "was adjusted in multiple ways based on public feedback on the proposal"

Bankers, insurance companies, real estate managers walk with private fund advocates to stop 'fundamental changes' to custody system

Revised rule 35d-1 would mandate a fund have a P&P mandating it invest at least 80% of its assets in accordance with its name, plus ...

"Today’s adoption will modernize the Names Rule in a number of ways for today’s markets"

"As long as fund managers stick within the confines of plain English or industry usage, they have reasonable discretion to define terms in a fund’s ...

"These are common sense changes that protect investors by ensuring that a fund says what it means, and means what it says"

"I am particularly concerned with the potential lack of transparency as to how the Commission’s staff will administer the rule"

"The fund industry today is diverse, with more funds pursuing ESG strategies or reporting more holdings in derivatives"

"Today’s actions would further secure login protocols by requiring every person filing something into EDGAR to login with individual credentials and to use multi-factor authentication"