Regulatory Alerts2019-12-24
SEC Extension of Deadline for Appointment of New Fund Managers for Revoked Licensees
The Securities and Exchange Commission extends the deadline for appointing new fund managers to 10th January 2020 for 18 collective investment schemes whose managers had their licenses revoked. This extension responds to requests from affected boards and trustees, following the successful appointment of new managers for two specific funds. Directors and trustees of the remaining affected schemes are directed to ensure compliance with this new deadline.
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