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Vedder Thinking | Articles Investment Services Regulatory Update


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Topics include

New Rules, Proposed Rules and Guidance

  • SEC's Rulemaking List Targets 2017 for Proposed Uniform Fiduciary Standard and Other Notable Proposals
  • FinCEN Adopts Customer Due Diligence Requirements for Covered Financial Institutions, Including Mutual Funds
  • SEC Staff No-Action Letter Permits Index ETF to Exceed 1940 Act Limits on Investments in Insurance Companies and Securities-Related Issuers
  • Division of Investment Management Issues Guidance on Fund Disclosure Reflecting Risks Related to Current Market Conditions

Public Statements, Press Releases and Testimony

  • SEC Chair Discusses Future Regulatory Initiatives and Emerging Industry Challenges at ICI 2016 General Meetings
  • SEC Chair Addresses Several Topics Regarding Mutual Fund Directors, Including Enforcement Actions and Oversight of Operational, Liquidity and Cybersecurity Risks, Among Other Issues

Litigation and Enforcement Actions

  • Inadvertent Proxy Voting Instruction Results in Denial of State Law Appraisal Claim
  • FINRA Publishes Targeted Exam Letter for Mutual Fund Waiver Sweep
  • SEC Settles Charges against AIG Affiliates for Mutual Fund Sales Conflicts

Other News and Developments

  • ICI Issues Memo Regarding the Adequacy of Fund Policies, Procedures and Disclosures in Light of Unanticipated Events Affecting Securities Trading Venues

To read the Regulatory Update, click the link below.


Nathaniel Segal


John S. Marten