Series
SEC Disclosure Modernization Initiative
The US Securities and Exchange Commission voted unanimously on Wednesday 26 October at an open-meeting to adopt a new approach to shareholder and investor communications by registered open-end funds and exchange-traded funds.
This series page is designed to keep you up to date on this game-changing approach to investor communications. Here, you will find the latest alerts, webinars, and other tools prepared by our Asset Management and Investment Funds lawyers to help you prepare to implement the new rules.
Our Asset Management and Investment Fund lawyers also have been quoted by and published in industry publications on this topic. Links to these articles are available at the “Read more” link below.
- Tailored Shareholder Reports, The Investment Lawyer, January 2023 (contributed article)
- What To Know About SEC Shareholder Disclosure Reforms, Law360, 28 October 2022 (contributed article)
- New SEC Rule Revamps Fund Docs, E-Delivery, Ignites*, 27 October 2022 (media mention)
- Boards: Expect to Talk About New Shareholder Reports, Fund Board Views*, 27 October 2022 (media mention)
- SEC Tightens Mutual Fund Reports, Seeks New Adviser Rules, Law360*, 26 October 2022 (media mention)
*Subscription may be required to view content.
Thought Leadership
Congress created a new framework around payment stablecoins but has done more than regulate a digital asset class—it has quietly set in motion a potential transformation of the regulation of core payment systems.
The One Big Beautiful Bill Act makes major changes to the Internal Revenue Code’s clean energy tax provisions, particularly to the provisions that were extended, expanded, and established as part of the 2022 Inflation Reduction Act.
The US Commerce Department’s Bureau of Industry and Security has introduced a major revision of the Export Administration Regulations, 15 C.F.R. Part 730 et seq., through an Interim Final Rule extending EAR-based licensing controls on entities designated on the Entity List or Military End Users List or subject to EAR § 744.8 to affiliates in which they have a 50% or greater ownership interest directly or indirectly.
On 3 September 2025, The Nasdaq Stock Market LLC (Nasdaq) announced a series of proposed amendments to its listing initial and continued standards aimed at strengthening market integrity.