In this Issue

New Rules, Proposed Rules, Guidance and Alerts

• SEC Adopts Interim Final Rule Amending Timing Requirements for Filing Reports on Form N-PORT
• SEC Proposes Extending Ability to “Test the Waters” Prior to Registered Public Offerings
• SEC Staff Seeks Comment on the Application of the Custody Rule to Digital Assets and Issues Associated with Trades That Do Not Settle on a Delivery Versus Payment Basis
• SEC Staff No-Action Letter Provides Fund Boards Relief from Certain In-Person Voting Requirements
• OCIE Issues Risk Alert on Transfer Agent Safeguarding of Funds and Securities
• FINRA Interpretive Letter Provides Guidance on the Use of Pre-Inception Index Performance Data for Mutual Funds

Litigation and Enforcement Actions and Initiatives

• SEC Announces Settlements from Share Class Selection Disclosure Initiative
• U.S. District Court Rules for Defendants in BlackRock Section 36(b) Excessive Fee Case

Download the Regulatory Update below.

Investment Services Regulatory Update - March 2019