Notice Requirements, Environmental Social & Governance (ESG), Securities and Exchange Commission (SEC)

SEC Expands Scope of Fund “Names Rule”

Dechert LLP on 12/6/2023

The Securities and Exchange Commission recently adopted significant changes to Rule 35d-1 under the Investment Company Act of 1940 (Names Rule), as well as certain forms and disclosure requirements on September 20, 2023...more

SEC Adopts Amendments to the Fund “Names Rule” - November 2023

Seward & Kissel LLP on 11/7/2023

The Securities and Exchange Commission (the “SEC”) recently adopted amendments1 to Rule 35d-1 under the Investment Company Act of 1940, the fund “Names Rule” (“Amendments”). In the Release, the SEC noted that the Amendments...more

SEC Adopts Rule Enhancements to Prevent Misleading or Deceptive Investment Fund Names

Goodwin on 10/5/2023

On September 20, 2023, the US Securities and Exchange Commission (the “SEC”) voted, by a 4-1 vote, to adopt certain amendments (the “final rule” or the “amendments”) to Rule 35d-1 (the “Names Rule”) under the Investment...more

SEC Adopts Amendments to Fund Names Rule

Proskauer Rose LLP on 10/4/2023

On September 20, 2023, the Securities and Exchange Commission (the “SEC”) voted to adopt final amendments to modernize Rule 35d-1 of the Investment Company Act of 1940, as amended (the “1940 Act”). This rule, commonly...more

SEC Adopts Amendments to Fund “Names Rule”

Dechert LLP on 9/22/2023

On September 20, 2023, the U.S. Securities and Exchange Commission, by a vote of four to one, adopted amendments to the current rule regarding registered fund names, as well as certain forms and disclosure requirements. The...more

SEC Proposes Rule Updates Intended to Prevent Misleading or Deceptive Fund Names

ArentFox Schiff on 6/17/2022

On May 25, the US Securities and Exchange Commission (SEC) proposed amendments to enhance and modernize Section 35(d) of the Investment Company Act, known as the “Names Rule,” to provide protection to investors.[1] In a press...more