Regulatory Alerts2019-09-10 | 2019-18342Added · Updated
Commission Guidance Regarding Proxy Voting Responsibilities of Investment Advisers
The Securities and Exchange Commission issued guidance clarifying the fiduciary duties and regulatory requirements of investment advisers when voting proxies on behalf of clients. The document details how advisers must adopt written policies and procedures to vote in clients' best interests, manage conflicts of interest, and provide full disclosure when retaining proxy advisory firms. It further outlines specific disclosure obligations on Forms N-1A, N-2, N-3, and N-CSR to ensure clients are informed about voting policies and potential conflicts.
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