SIFMA and other financial associations urged the SEC to recognize electronic delivery as the primary method for the delivery of investor communications.
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Industry groups offered recommendations on an SEC proposal to establish a regulatory framework for fund valuation practices.
In an amicus curiae brief filed with the Delaware Court of Chancery, the Managed Funds Association supported a plaintiff's claims that certain Company bylaw amendments which required expanded information from investors making director nominations or stockholder proposals were invalid and unenforceable, and that the Company's board of directors breached their fiduciary duties by adopting them.
A host of trade associations, including SIFMA and the Managed Funds Association, asked the SEC to extend the comment deadline for a proposed rulemaking on the use of predicative data analytics technologies.
The House Financial Services Committee approved a bill that would codify expiring SEC no-action relief that (i) excludes broker-dealers who are compensated for research services from the definition of "investment adviser" and (ii) allows broker-dealers to continue accepting payments for research reports in order to comply with international regulations, including MiFID and MiFID II.