... Act of 1940, Release No. IC‐30300, December 10, 2012. Bibb Strench can be contacted at: strench@sewkis.com © Emerald Group Publishing Limited 2013 United States of America US Securities and Exchange Commission Mutual fund Fair valuation Boards of directors Unit trusts...

... products Supervisory and compliance procedures Suitability rule Unit trusts Real estate This notice provides guidance to firms about the supervision of complex products, which may include a security or investment strategy with novel, complicated or intricate derivative‐like features...

... Registration requirements Unit trusts Taxes Regulation In the past few years, pooled investment vehicles have made a big splash on the world investment stage and they have recommenced their rapid growth in assets under management. In the last ten years, the number of cross‐border funds have more than...

... 2010 Financial services Regulation Legislation Unit trusts The US Securities and Exchange Commission's discomfort with the concept of a registered mutual fund's use of its own assets to pay for the distribution of its shares dates back to before the adoption of Rule 12b‐1 three decades...

... Unit trusts The Securities and Exchange Commission (“SEC”) recently adopted rule amendments to permit mutual funds to use a “summary prospectus” and amendments to the mutual fund registration form [1] . The Appendix to this article includes a sample of the prospectus. These measures...

... at: faten.sabry@nera.com © Emerald Group Publishing Limited 2008 Unit trusts Advisory services Auditor's fees In 2004, the Securities and Exchange Commission (SEC) adopted amendments under the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Company Act of 1940...

... compliance is wasteful, inconvenient, and plain passé: Len Driscoll can be contacted at: Len.Driscoll@newriver.com © Emerald Group Publishing Limited 2008 Unit trusts Disclosure Regulation United States of America It is not often you can get industry regulators...

... concerning any specific situation. © Emerald Group Publishing Limited 2008 Unit trusts Hedging Private finance Financial management Non‐SEC‐registered investment managers that do not currently have formal internal compliance guidelines in place should consider adopting compliance...

... to pay for the distribution costs necessary to achieve this salutary outcome (Walsh, 2004). The result was the adoption of Rule 12b‐1 [4] . Investments Unit trusts Laws and legislation Rule 12b‐1 of the Investment Company Act of 1940 (the “Act”) permits a mutual fund to act...

... and road‐blocks confronting organizations that need to undertake such an initiative. The paper addresses this gap and gives compliance professionals a checklist to ensure a smooth remediation process. © Emerald Group Publishing Limited 2007 Unit trusts Financial institutions Over the past...

... Unit trusts Securities F. Scott Thomas can be contacted at: scottthomas@parkerpoe.com The SEC first promulgated standards for structuring performance fees for mutual funds over 34 years ago. It has since from time to time brought enforcement actions against investment advisers who have...

... and provide, perhaps, a framework for the truly active managed ETF, i.e. the non‐index ETF. We describe these product innovations below. Michael R. Rosella can be contacted at: michaelrosella@paulhastings.com © Emerald Group Publishing Limited 2006 Investments Unit trusts In 2001...

... of America Unit trusts Fund management In response to the mutual fund scandals first uncovered in 2003, a broad range of reform initiatives has been undertaken resulting in significant changes in the manner in which funds, fund directors and their service providers conduct business. The SEC has...

.... This is the first of many hearings in the House and Senate on mutual fund practices. The testimony is directed largely to the topics of performance, mutual fund fees and costs, disclosure issues, sales practices, and fund governance. © Emerald Group Publishing Limited 2006 Unit trusts Financial...