The American Investment Council urged FTC to withdraw its proposal to "comprehensive[ly] redesign" the premerger notification form. The Council argued that FTC lacks statutory authority to demand nearly all of the information that would be newly required.
The Managed Funds Association urged the FTC to withdraw its proposed amendments to "redesign" the premerger notification process.
The Managed Funds Association criticized the economic analysis included in an SEC proposal to require reporting of large positions in security-based swaps.
The Managed Funds Association argued that the SEC's proposed regulatory framework to require disclosure of short position information is "duplicative" and "unnecessarily complex and costly."
In a position paper, SIFMA and the accounting firm Ernst and Young assessed the current state of corporate action announcement and dissemination policies in the United States and called for more industry standardization.