SIFMA and SIFMA AMG raised numerous concerns over the SEC's proposed changes to money market fund rules under the Investment Company Act. Separately, Senator Pat Toomey (R-PA) wrote a letter to SEC Chair Gary Gensler criticizing the SEC proposal.
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An SEC final rulemaking intended to simplify and update the regulatory framework for "fund of funds" arrangements was published in the Federal Register.
The SEC adopted a new rule and related amendments in order to simplify and update the framework for fund of funds arrangements.
An SEC final rule amending the application process for funds seeking exemptive relief under the Investment Company Act of 1940 was published in the Federal Register.
The SEC adopted a final rule amending the application process for funds seeking exemptive relief under the Investment Company Act.