SEC to Consider Guidance on Proxy Voting at Open Meeting

In a notice posted to its web site the SEC announced an open meeting for Wednesday August 21, 2019 at 10 a.m. to discuss guidance on proxy voting rules. According to the agenda, Commissioners will consider: (1) whether to publish guidance regarding the proxy voting responsibilities of investment advisers under Rule 206(4)-6 under the Investment Advisers Act of 1940, and Form N-1A, Form N-2, Form N-3, and Form N-CSR under the Investment Company Act of 1940 and (ii) whether to publish an interpretation and related guidance regarding the applicability of certain rules under Section 14 of the Securities Exchange Act of 1934 to proxy voting advice.