SEC to Hold Open Meeting on Proposals Regarding Registered Investment Companies and Advisers
The SEC announced that it will hold an Open Meeting on May 20, 2015 to consider whether to propose new rules, forms and rule amendments regarding registered investment companies and investment advisers.
Specifically, the SEC will consider whether to propose (i) new rules, forms and amendments to modernize the reporting and disclosure of information by registered investment companies, and (ii) form and rule amendments to (a) require investment advisers to provide additional information concerning their operations, (b) require the maintenance of performance records and (c) remove outdated transition provisions from rules.