On May 20, 2015, the Securities and Exchange Commission proposed changes to certain aspects of the disclosure and reporting obligations of registered investment companies. As we indicated in our initial Client Alert on the proposal available here, the SEC is seeking to modernize and enhance the reporting and disclosure of information by registered investment advisers and investment companies in an effort to enhance the quality of information available to investors and allow the SEC to more effectively collect and use data in its oversight of the asset management industry. This Client Alert summarizes the proposed changes regarding investment companies and a copy of the proposal is available here. A Client Alert on the disclosure, reporting and recordkeeping proposals for registered investment advisers is available here.
Client Alert