News
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April 24, 2025
SEC Extends Compliance Timeline for Investment Company ReportingAccording to the press release, larger fund groups would have until November 17, 2027 (formerly November 17, 2025), while smaller fund groups would have until May 18, 2028 (formerly May 18, 2026).
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April 23, 2025
Nasdaq Publishes 2024 ETF Retail Investor SurveyThe contents of the report focus heavily on the generational impacts on retail investing and how those impacts spur growth in the ETF marketplace. The survey also highlights that younger generations are dedicating more of their time to investment research, including millennials.
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April 22, 2025
MFDF In-Person Program: Developments in Registered FundsThe program is specifically designed to provide fund board directors of registered investment companies (RICs) with the insights and strategies necessary for their oversight responsibilities.
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April 21, 2025
Stradley Ronon Webinar, Resources Highlight Dual Share Class DevelopmentsThe program highlights amendments to the Dimensional application including a more detailed outline of board responsibilities both in the initial stages and after the new class has been launched.
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April 17, 2025
Management Practice Requests Participants for CCO SurveyThe survey requests information which is considered to be proprietary; however, MPI commits to keeping all submissions confidential. The data provided is aggregated and individual names or complex-specific data will never be revealed.
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April 16, 2025
MFDF Webinar: SEC-ing is Believing- The First 100 Days of the Trump AdministrationSara Crovitz and Miranda Sturgis, partners at Stradley Ronon, will discuss the opening months of the new administration and implications for fund directors.
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April 15, 2025
MFDF Publication: Role of the Fund Director in the Oversight of the Risk Management FunctionThe updated white paper outlines the risk management roles and duties of fund directors, discusses sample risk management program elements and practices, and provides an overview of specific areas of existing and emerging risks that impact the investment management industry.
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April 14, 2025
MFDF Publication: Fund Director Recruitment PracticesThe report offers findings relating to recruitment processes, sourcing candidates, candidate slates, and consideration of future recruitment.
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April 11, 2025
Paul Atkins Confirmed as the Next SEC ChairThe U.S. Senate voted 52-44 to confirm Paul Atkins to serve as the next Chair of the Securities and Exchange Commission (SEC). Issue areas he is likely to focus on include digital assets and cryptocurrency, ETF share class applications, private funds, and capital formation topics, among other areas.
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April 10, 2025
Board Bookshelf: The Complete Guide to ETF Portfolio ManagementThe Complete Guide to ETF Portfolio Management is primarily written for portfolio managers of ETFs but the book’s coherent structure, plain language, and easy-to-follow examples can demystify for fund directors how these products work and the intricacies of managing their performance.
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April 9, 2025
MFDF Webinar: Exploring a Decade of Transformation in US & European Fund Fee TrendsThe discussion will focus on Broadridge's 2024 white paper that investigates the changes in fund costs across US, UK, Ireland, and Luxembourg over the last 10 years.
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April 8, 2025
SEC Hosts Roundtable on Artificial IntelligenceThe SEC’s AI Roundtable was innovation oriented and technology-neutral throughout. The panelists focused on the potential risks of generative AI and discussed mitigating controls including human oversight, data management, sensitivity analysis and bias testing.
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April 7, 2025
Event of Interest: K&L Gates to Host Webinar on Regulatory Enforcement in the Trump AdministrationThe webinar will address predictions for SEC and CFTC enforcement priorities, the impact of recent and anticipated changes in investigations and enforcement practices, and other fallout that regulated entities can expect as new leadership takes charge of these agencies.
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April 3, 2025
SEC Withdraws Litigation Support for Climate Disclosure RuleOn March 27, the SEC voted to abandon its prior defense of climate disclosure rules for public companies adopted in March 2024. Following its vote, the SEC sent a letter to the court that had consolidated the pending litigation that it was withdrawing its defense of the rules.
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April 2, 2025
MFDF Webinar: Director Oversight of Fund Management and Selected Fund Service ProvidersOn Thursday, April 3 at 2:00pm ET, MFDF and Paul Felsch the Founder & Owner of compliance consulting firm Helios, plan to host a webinar titled “Protectors & Partners: Best Practices of Director Oversight of Fund Management and Selected Fund Service Providers.”
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April 1, 2025
Ropes & Gray Releases White Paper on ETF Share Class IssuesRopes & Gray published a white paper and recorded a webinar outlining how fund groups can prepare for anticipated SEC exemptive relief. The paper notes several considerations fund complexes should consider prior to launching an ETF share class, which include, the fund board’s “best interest determination,” operational hurdles, and service provider requirements.
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March 31, 2025
Senate Banking Committee Holds Confirmation Hearing for SEC Nominee Paul AtkinsIn his written testimony, Atkins noted that regulation should be “smart, effective, and appropriately tailored within the confines of the regulator’s statutory authority… clear rules of the road benefit all market participants.” His testimony emphasized that the role of the SEC should be to facilitate well-designed regulation, analyze effectiveness of regulation, and utilize the SEC’s enforcement arm to challenge illegal behavior.
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March 27, 2025
SEC Provides Guidance on Accredited Investor DefinitionThe Securities and Exchange Commission (SEC) Division of Corporate Finance issued a no-action letter clarifying what “reasonable steps” means to verify an individual’s accredited investor status as required under amended Rule 506(c) of Regulation D under the Securities Act of 1933.
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March 26, 2025
Stradley Podcast Details Changes at the SECPanelists discussed the SEC leadership transition and what these changes mean for rulemaking, enforcement, and the Commission’s priorities. The panelists also share perspectives from their time at the SEC.
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March 25, 2025
SEC Delays Names Rule ImplementationOn March 14, the Securities and Exchange Commission (SEC) issued a release that delays the compliance date for the amended Names Rule under Rule 35d-1 for six months.
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