COVID-19 Update

  • SEC Division of Investment Management Coronavirus (COVID-19) Response FAQs
  • SEC Provides Temporary, Conditional Relief for Business Development Companies Making Investments in Small and Medium-Sized Businesses

Rules and Regulations

  • SEC Proposes to Modernize Framework for Fund Valuation Practices
  • SEC Adopts Offering Reforms for Business Development Companies and Registered Closed-End Funds
  • SEC Adopts Rule Permitting Simplified Prospectus Summaries for Variable Annuities and Variable Life Insurance Contracts

Industry Update

  • OCIE Publishes Risk Alerts Providing Advance Information Regarding Inspections for Compliance with Regulation Best Interest and Form CRS

Litigation

  • SEC Settles with Investment Adviser for Alleged Undisclosed Conflicts of Interest Regarding In-House Operations Fees
  • SEC Settles with Investment Adviser for Alleged Advertising Omissions
  • SEC Obtains Partial Summary Judgment Against Investment Adviser and Principal

If you have any questions regarding the matters covered in this publication, please reach out to any of the lawyers listed below or your usual Davis Polk contact.

This communication, which we believe may be of interest to our clients and friends of the firm, is for general information only. It is not a full analysis of the matters presented and should not be relied upon as legal advice. This may be considered attorney advertising in some jurisdictions. Please refer to the firm's privacy notice for further details.

Related materials

Read the full update
Copy link to share post