Regulatory Alerts2023-10-11 | 2023-20793Added
Investment Company Names
The Securities and Exchange Commission adopted final rules to modernize the Investment Company Act's names rule, which addresses misleading investment company names. The amendments expand the scope of the 80% investment policy requirement, mandate prospectus disclosure defining terms used in fund names, and introduce new recordkeeping and Form N-PORT reporting obligations. These changes aim to enhance investor protection by ensuring fund names accurately reflect investment focus and risks.
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