The Rule Proposal includes a new rule, Rule 18f-4, which is an exemptive rule that would allow funds to enter into certain derivatives and financial commitment transactions notwithstanding the asset coverage restrictions of Section 18.
In April 2015, staff of the US Securities and Exchange
Commission's (SEC's) Division of Investment Management (IM
Staff) released a guidance update highlighting a number of measures
that registered investment companies and registered investment
advisers should consider in addressing cybersecurity
The Wall Street Journal (the "Journal") has reported1 that the US Securities and Exchange Commission ("SEC") is drafting proposed rules for the asset management industry that are designed to address the perceived risks posed by the industry to the financial system.
On August 31, 2011, the United States Securities and Exchange Commission (SEC), in Release No. IC-29778 (Release), provides a concept release and requests public comments regarding mortgage-related pools, including certain real estate investment trusts (REITs) and issuers of mortgage-backed securities, that rely on the exclusion under Section 3(c)(5)(C) of the Investment Company Act of 1940 (ICA or 40 Act).