The Federal Reserve Board ("FRB") and FDIC (collectively, the agencies) proposed to amend and "restate" the rule implementing the resolution planning requirements of Dodd-Frank Act Section 165(d). The proposed amendments to the rule include a proposal: (i) by the FRB to create "risk-based categories" for determining the application of the resolution planning requirement to specific U.S. and foreign banking organizations and (ii) by the agencies to extend the "default resolution plan filing cycle" and permit more focused resolution plan submissions. The agencies stated that the proposal is

The North American Securities Administrators Association ("NASAA") warned investors of the risks associated with "robo-advisers."

The Managed Funds Association and the Alternative Investment Management Association (collectively, the "Associations") advocated for IOSCO and global securities regulators to impose standardized environmental, social and governance ("ESG") disclosure requirements on issuers. The Associations also urged IOSCO to adopt a "framework" for investment managers to use to supply clients or prospective clients with general information as to what the composition of a fund or portfolio managed by those investment managers might look like. The Associations were opposed to any requirement that advisers

The Massachusetts Securities Division of the Office of the Secretary of the Commonwealth (the "Division") proposed amendments to existing regulations on the disclosure obligations of investment advisers who are registered in Massachusetts. The Division proposed amendments that would: require each investment adviser registered in Massachusetts to supply clients and prospective clients with a "stand-alone Table of Fees for Services," which would denote the fees charged for services offered by the investment adviser; and revise certain paragraphs of the regulations to eliminate redundancy and

SEC Investor Advocate Rick Fleming called on the SEC to refrain from imposing new regulations on proxy advisors. In a speech at the "SEC Speaks" Conference, Mr. Fleming said proxy advisors have given asset managers an "efficient way to exercise much closer oversight" of the companies in their portfolios and the companies "don't like it." He said that the SEC should not prioritize creating a rule that could potentially affect the independence of proxy advice. He noted that while some people have criticized proxy advisors, investors who are paying for this service are not the ones expressing