Home SEC: Rulemaking
SEC: Rulemaking
The proposal would keep the current financial tests for establishing who is an accredited investor but also would add new categories
These rules cover reconciling outstanding security-based swaps with applicable counterparties on a periodic basis
The Commission is adopting a recordkeeping program for SBSDs and MSBSPs
“There’ll be a lot more ads to approve” if the proposal is finalized
SEC proposes changing the advertising rule for the first time in decades
The proposed amendments would codify the Commission’s interpretation that proxy voting advice generally constitutes a solicitation
"Modernizing old rules is one of the Division’s major themes. We are pursuing this on a number of fronts"
The SEC specifically notes that these new duties wouldn’t “supplant or by itself satisfy” an IA’s fiduciary duty
Any final rule would replace decades worth of SEC guidance
The 2020 will cover a broad array of topics