After almost a year of deliberations, on June 30 the SEC approved a “pay-to-play” rule that restricts political contributions by investment advisers that seek business from public pension funds and similar government investment accounts. These pension plans control over $2.6 trillion in assets and account for one-third of all U.S. pension assets.
This client alert summarizes key provisions and compliance considerations, as well as record-keeping obligations.
Please see full publication below for more information.