<p><span>Thank you, Chair Gensler. Director Birdthistle, congratulations on such a remarkable team. So remarkable is the team that I want to take a moment to recognize an impressive achievement by the Division of Investment Management—four rulemakings between this week’s and last week’s open meetings. All of these rules are substantial. I cannot overstate what a feat the teams have accomplished in an extremely compressed time period. Rulewriters’ midnight oil has been burning for many months now. Complementing their work are the intense efforts of many others across the Division—including staff in DRAO and the Chief Counsel’s Office charged with working with funds and advisers as they implement new rules—and across the Commission. Countless people have poured themselves into these rulemakings. The Division of Economic and Risk Analysis and the Office of General Counsel are under tremendous pressure to pro
At an open meeting last week, the SEC voted, three to two, to adopt new amendments to the rules regarding proxy advisory firms, such as ISS and Glass Lewis—which the SEC refers to as proxy voting advice businesses,.
SEC published request for comment on information providers, including index providers, model portfolio providers, pricing services, whose activities they believes may cause them to meet definition of investment adviser under Advisers Act.
SEC cuts key provisions of proxy advisor regulations lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.
Regulatory Update and Recent SEC Actions lexology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lexology.com Daily Mail and Mail on Sunday newspapers.