Search Results for keywords:"investment companies"

Found 28 results

Search Results: keywords:"investment companies"

💰 Only
Oldest Newest
  • 2025-03649 — Proposed Collection; Comment Request; Extension: Rule 17j-1
    💰
    Type:Notice
    Citation:90 FR 11560
    Reading Time:about 9 minutes

    The Securities and Exchange Commission (SEC) is seeking public feedback on extending a rule that helps prevent conflicts of interest for people working with investment companies. Rule 17j-1 requires those affiliated with investment companies to follow a code of ethics that ensures their personal investments do not conflict with the company's activities. This rule mandates reports on personal securities transactions and record-keeping to detect any potential violations. The SEC estimates around 84,567 people are affected by this rule, leading to annual costs of approximately $4.68 million for compliance. Comments are invited on the necessity and impact of these reporting requirements.

    Simple Explanation

    The SEC wants to make sure that people who help manage money for others are honest and don't cheat by secretly doing things that aren't in their clients' best interests. To do this, they have rules they need to follow, like telling about their own investments and keeping records, which costs quite a bit of money each year. They are asking for ideas on whether these rules are helpful and if there's a better way to check that everyone is playing fair.

  • 2025-00248 — Submission for OMB Review; Comment Request; Extension: Rule 3a-4
    Type:Notice
    Citation:90 FR 2049
    Reading Time:about 5 minutes

    The Securities and Exchange Commission (SEC) is seeking an extension for the collection of information under Rule 3a-4, which offers a safe harbor for certain investment advisory programs from being classified as investment companies. These programs typically provide personalized investment management to clients with accounts that fall between minimum requirements for individual accounts and mutual funds. The rule mandates that each account must be managed based on the client's financial situation and investment goals, with annual check-ins to confirm or adjust these parameters. The SEC estimates the paperwork burden of these requirements to be over 57 million hours annually, as approximately 28 million clients are involved in these advisory programs each year.

    Simple Explanation

    The SEC is checking if there are too many rules for investment helpers who help people manage their money, and they spend a lot of time doing paperwork—like homework for grown-ups. They want to know if these rules are making it harder for smaller companies to help people with their money because they might have too much paperwork to do!

  • 2021-01667 — Proposed Collection; Comment Request
    💰
    Type:Notice
    Citation:86 FR 7320
    Reading Time:about 5 minutes

    The Securities and Exchange Commission (SEC) is requesting public comments on the necessity and impact of its collection of information through Form N-PX, as part of the requirements under the Paperwork Reduction Act. Form N-PX is used by registered management investment companies to report their proxy voting records annually. The SEC estimates that the cost and time burden for filing this form is approximately $17.66 million and 47,984 hours for all affected funds. They invite written comments on ways to improve or reduce the burden of this data collection within 60 days.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants people to tell them if filling out a form about how investment companies vote is too hard or costs too much money. They think doing this takes a lot of time and money, so they want ideas on how to make it better.

  • 2025-05428 — Wilshire Private Assets Fund, et al.
    Type:Notice
    Citation:90 FR 14292
    Reading Time:about 5 minutes

    The Securities and Exchange Commission (SEC) received an application from several investment companies, including Wilshire Private Assets Fund and others, for an order permitting them to co-invest in portfolio companies together with some affiliated entities. This order would allow them to engage in joint transactions that are otherwise restricted by the Investment Company Act of 1940. The application was filed through late 2024 and early 2025, with the SEC considering issuing the order unless a hearing is requested by April 21, 2025. Interested parties can request a hearing by emailing the SEC's Secretary and should provide specific reasons for their request.

    Simple Explanation

    The SEC is deciding if some investment companies can work together on certain money deals that they usually can’t do together. People can say what they think about this and ask for a meeting to talk more by a certain date in April 2025.

  • 2025-04898 — Barings LLC and Barings Private Credit Corporation
    Type:Notice
    Citation:90 FR 13507
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) announced a notification about an application from Barings LLC and Barings Private Credit Corporation. They seek an order that would allow certain investment companies to issue different classes of shares with varying sales loads and fees. The application was initially filed on February 4, 2025, and later amended on March 14, 2025. Interested parties have until April 14, 2025, to request a hearing if they have concerns or objections regarding this application.

    Simple Explanation

    Barings wants permission from a big government group to offer different types of shares that people can buy, where each type might cost more or less to buy and hold. People have until mid-April to say if they're worried about it, but it's not clear yet what all the different share types will be or how they'll affect people buying them.

  • 2025-01417 — Proposed Collection; Comment Request; Revision: Rule 482
    💰
    Type:Notice
    Citation:90 FR 7718
    Reading Time:about 6 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments on changes to the way investment companies advertise their performance to potential investors. The proposed changes, known as Rule 482, aim to ensure that advertisements provide balanced and informative information about investment objectives, risks, charges, and past performance, which may not guarantee future results. Additionally, the rule would align risk statements in advertisements with those required in official prospectuses, particularly for money market funds. Comments on the proposed changes are invited until March 24, 2025.

    Simple Explanation

    The SEC is asking people what they think about new advertising rules for companies that help people invest money. These rules want to make sure the ads are clear and honest about money risks and results, so people can make better choices.

  • 2024-30656 — Thirdline Real Estate Income Fund, et al.
    Type:Notice
    Citation:89 FR 105117
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice regarding an application from Thirdline Real Estate Income Fund and related entities. These applicants are seeking permission to engage in joint investment activities that are typically restricted by certain parts of the Investment Company Act of 1940. This application mentions the possibility of business development companies and investment companies co-investing in portfolio companies alongside certain affiliated investment entities. If there is no opposition, the SEC plans to grant the requested order, but interested parties may request a hearing by January 13, 2025, by following the specified communication procedures.

    Simple Explanation

    The big money helpers at the SEC got a request from some groups called Thirdline Real Estate Income Fund to team up and share money tricks that they usually aren't allowed to. If nobody says “no” by January 13, 2025, they might let them go ahead and do it.

  • 2024-28194 — Hamilton Lane Private Assets Fund, Hamilton Lane Private Infrastructure Fund, Hamilton Lane Private Secondary Fund and Hamilton Lane Advisors, L.L.C.
    Type:Notice
    Citation:89 FR 95256
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) has issued a notice regarding an application from Hamilton Lane Private Assets Fund and related entities. The applicants seek permission for certain investment companies to pay advisory fees using shares of their own common stock. The public can request a hearing on this matter by contacting the SEC by December 20, 2024. Details of the application, including its legal analysis and conditions, are available on the SEC's website.

    Simple Explanation

    The SEC is thinking about letting some companies pay their advisors with shares of their own stock instead of money. If people have opinions about this or want to talk about it, they need to tell the SEC by December 20, 2024.

  • 2024-31497 — Deregistration Under Section 8(f) of the Investment Company Act of 1940
    💰
    Type:Notice
    Citation:90 FR 355
    Reading Time:about 3 minutes

    The Securities and Exchange Commission (SEC) issued notices for deregistration applications under Section 8(f) of the Investment Company Act of 1940. Several investment companies, including BNY Mellon Municipal Bond Funds, John Hancock Tax-Advantaged Global Shareholder Yield Fund, List Income Opportunities Fund, and PREDEX, have applied to cease being investment companies. These applicants are transferring their assets to other funds and have made final distributions to shareholders. Each application contains specific details about the asset transfer, final distributions, and expenses incurred.

    Simple Explanation

    In this notice, some companies that used to invest people's money are saying they have stopped doing that because they gave all their stuff to different companies. Now, they're asking to be officially declared as "not investing people's money" anymore.

  • 2021-00145 — Proposed Collection; Comment Request
    Type:Notice
    Citation:86 FR 1551
    Reading Time:about 2 minutes

    The Securities and Exchange Commission (SEC) is seeking public comments regarding the extension of information collection under Rule 34b-1, as required by the Paperwork Reduction Act of 1995. This rule pertains to the sales literature of investment companies, ensuring that performance data is standardized and not misleading to investors. The SEC estimates that each year, approximately 351 respondents submit 7,362 responses related to this rule, with a total annual burden of around 46,278 hours. The SEC invites comments on whether this information collection is necessary and how the process might be improved.

    Simple Explanation

    The Securities and Exchange Commission (SEC) is asking for people's thoughts on a rule that makes sure the info investment ads show is honest and easy to compare, like making sure everyone uses the same size crayons to make a coloring book. They're also wondering if everything is working well and if it can be improved.

123 Next