In this issue

New Rules, Proposed Rules, Guidance and Alerts 

•  SEC Adopts New Rules Permitting Covered Investment Fund Research Reports
• Division of Investment Management Updates Investment Company Reporting Modernization FAQs
• OCIE Announces Risk-Based Sweep Exam of Funds, ETFs and Advisers

Public Statements, Press Releases and Testimony

•  Remarks by Dalia Blass, Director of the SEC’s Division of Investment Management, at the ALI CLE 2018 Conference on Life Insurance Company Products

Litigation and Enforcement Actions and Initiatives 

• District Court Issues Tentative Ruling Granting Partial Summary Judgment in Section 36(b) Excessive Fee Suit

Download the Regulatory Update below.