In this issue

New Rules, Proposed Rules, Guidance and Alerts

• OCIE Announces Risk-Based Sweep Exam of Funds, ETFs and Advisers
• OCIE Issues Risk Alert on the Cash Solicitation Rule
• SEC Staff No-Action Letter Allows Fund Boards to Rely on CCO Representations for Affiliated Transactions
• Insurance Companies Obtain Relief to Use Statutory Financial Statements in Registration Statements Filed on Form S-1 for Certain Insurance Products

Public Statements, Press Releases and Testimony

• Recent Remarks by Dalia Blass, Director of the SEC’s Division of Investment Management, at Industry Conferences
• SEC Issues New Strategic Plan for Fiscal Years 2018–2022

Litigation and Enforcement Actions and Initiatives

• District Court Grants Summary Judgment in Section 36(b) “Manager-of-Managers” Excessive Fee Suit

Download the Regulatory Update below.