# Division of Investment Management News

The Latest Information Updates, Guidance Updates, and No-Action Letters Published by the Division of Investment Management

- Nationwide Life Insurance Company Regulation S-X Rule 3-13 Relief for Certain Non-Variable Insurance Products
- Forethought Life Insurance Company Regulation S-X Rule 3-13 Relief for Certain Non-Variable Insurance Products
- Staff Responses to Inquiries Regarding Business Development Companies and Section 61(a) of the Investment Company Act of 1940 FAQ
- Accounting and Disclosure Information 2018-09: Improving Principal Risks Disclosure Improving Principal Risks Disclosure
- Redwood Trust, Inc. Mortgages/Real Estate/REITs
- Symetra Life Insurance Company and First Symetra National Life Insurance Company of New York Regulation S-X Rule 3-13 Relief for Certain Non-Variable Insurance Products
- Lehman Brothers Holdings Inc. No-Action relief under Section 7 of the Investment Company Act of 1940
- XAI Octagon Floating Rate & Alternative Income Term Trust No-Action relief under Sections 5(b) and 6(b) of the Securities Act of 1933 and Rule 486(b) thereunder
- Cushing MLP & Infrastructure Total Return Fund and Cushing Renaissance Fund No-Action relief under Sections 5(b) and 6(b) of the Securities Act of 1933 and Rule 486(b) thereunder
- Staff Letter: The BNY Mellon Family of Funds, et al. No-Action relief under Section 15(a) of the Investment Company Act of 1940
- Investment Company Reporting Modernization Frequently Asked Questions -Updates Investment Company Reporting Modernization Frequently Asked Questions -Updates
- Staff Letter: Nuveen S&P 500 Dynamic Overwrite Fund, et al. No-Action relief under Sections 5(b) and 6(b) of the Securities Act of 1933 and Rule 486(b) thereunder
- Staff Letter: Community Capital Management, Inc. No-action relief under Section 15(a) of the Investment Company Act of 1940
- Staff Letter: Voya Prime Rate Trust No-Action relief under Sections 5(b) and 6(b) of the Securities Act of 1933 and Rule 486(b) thereunder
- IM No Action Letters Regulation S-X Rule 3-13 Relief for Certain Non-Variable Insurance Products
- Staff Letter: Engaging on Non-DVP Custodial Practices and Digital Assets Engaging on Non-DVP Custodial Practices and Digital Assets
- Money Market Fund Statistics: December, 2018 Money Market Fund Statistics: December, 2018
- Information Update: Website Updates to Investment Company Forms Information Update: Website Updates to Investment Company Forms
- Staff Letter: PIMCO Income Strategy Fund and PIMCO Income Strategy Fund II No-Action relief under Sections 5(b) and 6(b) of the Securities Act of 1933 and Rule 486(b) thereunder
- Investment Company Reporting Modernization Frequently Asked Questions -Updates Investment Company Reporting Modernization Frequently Asked Questions -Updates
- Staff Letter: Industrial Alliance, Investment Management Inc. No-Action relief under Section 203(a) of the Investment Advisers Act of 1940
- Staff Letter: Eaton Vance Tax-Managed Buy-Write Opportunities Fund, et al. No-Action relief under Sections 5(b) and 6(b) of the Securities Act of 1933 and Rule 486(b) thereunder
- Dalia Blass Speech: Keynote Address - ICI Securities Law Developments Conference Keynote Address - ICI Securities Law Developments Conference by Dalia Blass, Director, Division of Investment Management, in Washington, DC
- Money Market Fund Statistics: September, 2018 Money Market Fund Statistics: September, 2018
- Dalia Blass Speech: Remarks at the IDC - 2018 Fund Directors Conference Remarks at the IDC - 2018 Fund Directors Conference by Dalia Blass, Director, Division of Investment Management, in Chicago, Illinois
- Staff Letter: Independent Directors Council No-Action relief under Sections 10(f), 17(a) or 17(e) of the Investment Company Act of 1940 and Rules 10f-3, 17a-7 and 17e-1 thereunder
- Staff Letter: DNP Select Income Fund Inc. No-Action relief under Sections 5(b) and 6(b) of the Securities Act of 1933 and Rule 486(b) thereunder
- Staff Letter: Allianz Life Insurance Company of North America Regulation S-X Rule 3-13 Relief for Certain Non-Variable Insurance Products
- Staff Letter: Athene Annuity and Life Company Regulation S-X Rule 3-13 Relief for Certain Non-Variable Insurance Products
- Staff Letter: Great West Life & Annuity Insurance Company Regulation S-X Rule 3-13 Relief for Certain Non-Variable Insurance Products
- Staff Letter: Midland National Life Insurance Company Regulation S-X Rule 3-13 Relief for Certain Non-Variable Insurance Products
- Money Market Fund Statistics: August, 2018 Money Market Fund Statistics: August, 2018
- Form N-LIQUID Current Report Open-End Management Investment Company Liquidity
- Form N-PORT Monthly Portfolio Investments Report
- Staff Letter: PIMCO Corporate & Income Opportunity Fund and PIMCO Income Opportunity Fund No-Action relief under Sections 5(b) and 6(b) of the Securities Act of 1933 and Rule 486(b) thereunder
- Information Update: Statement Regarding Staff Proxy Advisory Letters Information Update: Statement Regarding Staff Proxy Advisory Letters
- IM Announcement: Jennifer McHugh Named Acting Associate Director, Disclosure Review and Accounting Office IM Announcement: Jennifer McHugh Named Acting Associate Director, Disclosure Review and Accounting Office
- Staff Letter: Golub Capital BDC, Inc., et al. No-Action relief with respect to certain BDC and investment adviser affiliated transactions in connection with the risk retention rules mandated by the Dodd-Frank Act
- Money Market Fund Statistics: July, 2018 Money Market Fund Statistics: July, 2018
- Staff Letter: Charles Schwab & Co., Inc. No-Action Relief Under Section 206(4) and Rule 206(4)-3)
- Staff Letter: Asia Pacific Fund Asia Pacific Fund-Omission of Shareholder Proposal Submitted by Matisse Capital Management, L.P.
- Money Market Fund Statistics: June, 2018 Money Market Fund Statistics: June, 2018
- Money Market Fund Statistics: May, 2018 Money Market Fund Statistics: May, 2018
- New Fund Disclosure Website Fund Disclosure at a Glance
- Information Update: Updates to Custody Rule Frequently Asked Questions Information Update No. 2018-01: Updates to Custody Rule Frequently Asked Questions
- Staff Letter: Investment Company Institute No-Action relief under Section 22(e) of the Investment Company Act of 1940
- Staff Letter: Delaware Enhanced Global Dividend and Income Fund Staff Letter: Delaware Enhanced Global Dividend and Income Fund-Omission of Shareholder Proposal Submitted by Saba Capital Management L.P.
- Staff Letter: South State Bank Staff Letter: South State Bank
- Dalia Blass Speech: Remarks at the PLI Investment Management Institute 2018 Remarks at the PLI Investment Management Institute 2018 by Dalia Blass, Director, Division of Investment Management, in New York, NY
- Updates to IC Reporting Modernization FAQs Investment Company Reporting Modernization FAQs updates
- Updates to IC Reporting Modernization FAQs Investment Company Reporting Modernization FAQs updates
- Dalia Blass Speech: Keynote Address, ICI 2018 Mutual Funds and Investment Management Conference Remarks to ICI 2018 Mutual Funds and Investment Management Conference by Dalia Blass, Director, Division of Investment Management, in San Antonio, TX
- Accounting and Disclosure Information 2018-01 Expanded Use of Draft Registration Statement Review Procedures for Business Development Companies
- Staff Letter: Ironwood Multi-Strategy Fund LLC and Ironwood Institutional Multi-Strategy Fund LLC Staff Letter: Ironwood Multi-Strategy Fund LLC and Ironwood Institutional Multi-Strategy Fund LLC
- Staff Letter: Guggenheim Credit Allocation Fund Staff Letter: Guggenheim Credit Allocation Fund
- Money Market Fund Statistics, February 2017 Money Market Fund Statistics, February 2017
- Guidance Update: Holding Companies and the Application of Rule 3a-2 under the Investment Company Act Guidance Update No. 2017-03: Holding Companies and the Application of Rule 3a-2 under the Investment Company Act
- Staff Letter: Dechert LLP No-Action relief under Section 12(d)(1)(E) of the Investment Company Act of 1940 - Foreign Fund of Funds
- Guidance Update: Robo-Advisers Guidance Update No. 2017-02: Robo-Advisers
- Money Market Fund Statistics, January 2017 Money Market Fund Statistics, January 2017
- Frequently Asked Questions on IM Guidance Update 2016-06 (Mutual Fund Fee Structures) FAQ on Mutual Fund Fee Structures
- Private Funds Statistics (2016 Q2) Private Funds Statistics, Second Quarter, 2016
- Staff Letter: Invesco Senior Income Trust, et al. Staff Letter: Invesco Senior Income Trust, et al.
- Staff Letter: Dechert Staff Letter: Dechert
- Money Market Fund Statistics, December 2016 Money Market Fund Statistics, December 2016
- Information Update: Updates to Form PF Frequently Asked Questions Information Update No. 2017-01: Mutual Fund Fee Structures
- Capital Group Interpretive letter under Section 22(d) of the Investment Company Act of 1940 - Fund Shares Distribution
- American Century Investment Management No-Action Relief under Section 15(a) of the Investment Company Act
- Money Market Fund Statistics, November 2016 Money Market Fund Statistics, November 2016
- Staff Letter: Russell Investment Management, LLC Staff Letter: Russell Investment Management, LLC
- Guidance Update: Mutual Fund Fee Structures Guidance Update No. 2016-06: Mutual Fund Fee Structures
- Staff Letter: Life Partners Position Holder Trust and Life Partners IRA Partnership, LLC No-Action Relief permitting a liquidating trust formed in connection with bankruptcy to rely on the exemption from 1940 Act registration in sections 7(a) and 7(b)
- Staff Letter: Great-West Life & Annuity Insurance Company (authorization under Rule 3-13 of Regulation S-X) Staff No-Action Letter: Great-West Life & Annuity Insurance Company (authorization under Rule 3-13 of Regulation S-X)
- Money Market Fund Statistics, October 2016 Money Market Fund Statistics, October 2016
- Dave Grim Speech: Remarks to the ALI CLE 2016 Conference on Life Insurance Products Remarks to the ALI CLE 2016 Conference on Life Insurance Products
- Money Market Fund Statistics, September 2016 Money Market Fund Statistics, September 2016
- Private Fund Statistics (2016 Q1) Private Fund Statistics (2016 Q1)
- "Tandy" Representations No Longer Needed in Filing Reviews Division of Corporation Finance Announcement: "Tandy" Representations No Longer Needed in Filing Reviews
- Staff Letter: (No-Action relief extending relief concerning the performance of certain engagements under rule 206(4)-2 by auditors in light of the PCAOB's Temporary Rule providing for its inspection of auditors related to audits of brokers or dealers) Staff Letter: (No-Action relief extending relief concerning the performance of certain engagements under rule 206(4)-2 by auditors in light of the PCAOB's Temporary Rule providing for its inspection of auditors related to audits of brokers or dealers)
- Staff Letter: Hannon Armstrong Sustainable Infrastructure Capital, Inc. Staff Letter: Hannon Armstrong Sustainable Infrastructure Capital, Inc.
- Staff Letter: Thrivent Financial for Lutherans and Thrivent Asset Management, LLC Staff Letter: Thrivent Financial for Lutherans and Thrivent Asset Management, LLC
- Staff Letter (Neuberger Berman Investment Advisers LLC, et al.: No-Action Relief permitting continuing reliance on certain existing exemptive orders under the Investment Company Act of 1940 following internal reorganization) Staff Letter (Neuberger Berman Investment Advisers LLC, et al.)
- Staff Letter (No-Action relief under Rule 486(b) under the Securities Act of 1933) Staff Letter (No-Action relief under Rule 486(b) under the Securities Act of 1933)
- Money Market Fund Statistics, August 2016 Money Market Fund Statistics, August 2016
- Staff Letter (No-Action relief under Section 17(f)(1) of the Investment Company Act of 1940) Staff Letter (No-Action relief under Section 17(f)(1) of the Investment Company Act of 1940)
- Staff Letter Regarding Rule 206(3)-3T under the Investment Advisers Act of 1940 Staff Letter Regarding Rule 206(3)-3T under the Investment Advisers Act of 1940
- Money Market Fund Statistics, July 2016 Money Market Fund Statistics, July 2016
- No-Action Letter: AFL-CIO Housing Investment Trust AFL-CIO Housing Investment Trust No-Action Letter
- No-Action Letter: Franklin Limited Duration Income Trust Franklin Limited Duration Income Trust
- Private Funds Statistics (2015 Q4) Private Funds Statistics, Fourth Quarter, 2015
- Money Market Fund Statistics, June 2016 Money Market Fund Statistics, June 2016
- No-Action Letter: Deutsche Multi-Market Income Trust (Omission of Shareholder Proposal) Deutsche Multi-Market Income Trust (Omission of Shareholder Proposal)
- No-Action Letter: Deutsche Strategic Income Trust (Omission of Shareholder Proposal) Deutsche Strategic Income Trust (Omission of Shareholder Proposal)
- Guidance Update: Business Continuity Planning for Registered Investment Companies Guidance Update: Business Continuity Planning for Registered Investment Companies
- Money Market Fund Statistics, May 2016 Money Market Fund Statistics, May 2016
- No-Action Letter: Fidelity Management & Research Company et al. Fidelity Management & Research Company et al.; Regulation S-X – Rule 2-01
- No-Action Letter: Investment Adviser Association Investment Adviser Association No-Action Letter; Investment Advisers Act of 1940 – Section 206(4) and Rule 206(4)-2
- No-Action Letter: J.P. Morgan Securities LLC J.P. Morgan Securities LLC No-Action Letter; Principal Transaction and Investment Advisers Act of 1940 – Section 206(3))
- No-Action Letter: SPDR S&P Dividend ETF SPDR S&P Dividend ETF No-Action Letter; Index-Based Funds and Sections 12(d)(2) and 12(d)(3) of the Investment Company Actof 1940
- Guidance Update: Fast Act Changes Affecting Investment Advisers to Small Business Investment Companies Guidance Update: Fund Disclosure Reflecting Risks Related to Current Market Conditions
- Dave Grim Speech: Remarks to ICI 2016 Mutual Funds and Investment Management Conference Remarks to ICI 2016 Mutual Funds and Investment Management Conference by Dave Grim, Director, Division of Investment Management, in Orlando, Florida
- Guidance Update: Fund Disclosure Reflecting Risks Related to Current Market Conditions Guidance Update: Fund Disclosure Reflecting Risks Related to Current Market Conditions
- Responses to Frequently Asked Questions Regarding the Commission's Rule under Section 13 of the Bank Holding Company Act (the "Volcker Rule") New: Capital Treatment of Banking Entity Investments in TruPS CDOs
- Dave Grim Speech: Remarks to the PLI Investment Management Institute – 2016 Remarks to the PLI Investment Management Institute – 2016 by Dave Grim, Director, Division of Investment Management
- No-Action Letter: BlackRock Health Sciences Trust BlackRock Health Sciences Trust
- Private Funds Statistics (2015 Q3) Private Funds Statistics, Third Quarter, 2015
- Money Market Fund Statistics, January 2016 Money Market Fund Statistics, January 2016
- Private Funds Statistics (2014 Q4 (revised), 2015 Q1, 2015 Q2) http://www.sec.gov/divisions/investment/private-funds-statistics.shtml
- No-Action Letter: Fiduciary/Claymore MLP Opportunity Fund Fiduciary/Claymore MLP Opportunity Fund
- Guidance Update: Mutual Fund Distribution and Sub-Accounting Fees Guidance Update: Mutual Fund Distribution and Sub-accounting Fees
- No-Action Letter: Chicago Mercantile Exchange Chicago Mercantile Exchange
- No-Action Letter: ICE Clear Credit LLC ICE Clear Credit LLC
- No-Action Letter: ILCH.Clearnet Limited and LCH.Clearnet LLC LCH.Clearnet Limited and LCH.Clearnet LLC
- Dave Grim Speech: Remarks to the ICI 2015 Securities Law Development Conference Remarks to the ICI 2015 Securities Law Development Conference by Dave Grim, Director, Division of Investment Management
- Money Market Fund Statistics, October 2015 Money Market Fund Statistics, October 2015
- Responses to Frequently Asked Questions Regarding the Commission's Rule under Section 13 of the Bank Holding Company Act (the "Volcker Rule") Termination of Market-Making Activity: Treatment of Residual Positions; Applicability of the Restrictions in Section 13(f) of the BHC Act
- No-Action Letter: Investment Company Institute, et al. Investment Company Institute, et al
- Dave Grim Speech: Remarks to the ALI CLE 2015 Conference on Life Insurance Company Products Remarks to 2015 IAA Compliance Conference by Dave Grim, Acting Director, Division of Investment Management
- Guidance Update: Employees’ Securities Companies and Escheatment Guidance Update: Employees’ Securities Companies and Escheatment
- Money Market Fund Statistics, September 2015 Money Market Fund Statistics, September 2015
- Private Funds Statistics http://www.sec.gov/divisions/investment/private-funds-statistics.shtml
- No-Action Letter: North American Division of Seventh-Day Adventists North American Division of Seventh-Day Adventists
- No-Action Letter: F. Porter Stansberry F. Porter Stansberry
- No-Action Letter: Willkie Farr & Gallagher Willkie Farr & Gallagher
- Money Market Fund Statistics, August 2015 Money Market Fund Statistics, August 2015
- Money Market Fund Statistics, July 2015 Money Market Fund Statistics, July 2015
- No-Action Letter: Royal Dutch Shell plc Royal Dutch Shell plc
- No-Action Letter: Fidelity Freedom 2020 Fund, Fidelity Freedom 2025 Fund, and Fidelity Advisor Municipal Income Fund (Omission of Shareholder Proposal) Fidelity Freedom 2020 Fund, Fidelity Freedom 2025 Fund, and Fidelity Advisor Municipal Income Fund
- Money Market Fund Statistics, June 2015 Money Market Fund Statistics, June 2015
- No-Action Letter: Carey Credit Income Fund Carey Credit Income Fund
- No-Action Letter: Jackson National Life Jackson National Life
- No-Action Letter: Northern Lights Fund Trust Northern Lights Fund Trust
- No-Action Letter: SPDR Series Trust, et al. SPDR Series Trust, et al.
- Guidance Update: Personal Securities Transactions Reports by Registered Investment Advisers: Securities Held in Accounts Over Which Reporting Persons Had No Influence or Control Personal Securities Transactions Reports by Registered Investment Advisers: Securities Held in Accounts Over Which Reporting Persons Had No Influence or Control
- Money Market Fund Statistics, May 2015 Money Market Fund Statistics, May 2015
- Notice of Compliance Date (Political Contributions by Certain Investment Advisers: Ban on Third-Party Solicitation) Compliance Date for the Ban on Third-Party Solicitation
- Staff Responses to Questions About the Pay to Play Rule (Compliance Date for the Ban on Third-Party Solicitation) Compliance Date for the Ban on Third-Party Solicitation
- Staff Letter (No-Action relief under Rule 14a-8) Fidelity Inflation-Protected Bond Fund (Omission of Shareholder Proposal)
- Staff Letter (No-action No-action relief under Section 12(d)(3) of the Investment Company Act) Adams Diversified Equity Fund Inc., May 5, 2015
- Staff Letter (No-action relief regarding employees' securities company's exemptive relief) Tudor Employee Investment Fund LLC and Tudor Investment Corporation, April 28, 2015
- Money Market Fund Statistics, March 2015 Money Market Fund Statistics, March 2015
- FAQ: 2014 Money Market Fund Reform Frequently Asked Questions FAQ: 2014 Money Market Fund Reform Frequently Asked Questions
- FAQ: Valuation Guidance Frequently Asked Questions FAQ: Valuation Guidance Frequently Asked Questions
- Staff Letter (No-Action relief under Rule 14a-8) Opportunity Partners L.P. Shareholder Proposal (Clough Global Equity Fund)
- Staff Letter (No-Action relief under Rule 14a-8(i)(7)) Harris & Harris Group, Inc.
- Staff Letter (No-Action relief under Section 12(d)(1)) Franklin Templeton Investments
- Staff Letter (No-Action relief under Rule 14a-8(i)(7)) Tom DeWard Shareholder Proposal (LMP Real Estate Income Fund, Inc.)
- Staff Letter (No-Action relief under the Custody Rule with respect to principal-owned private funds) 16th Amendment Advisors LLC
- Money Market Fund Statistics, January 2015 Money Market Fund Statistics, January 2015
- Dave Grim Speech: Remarks to 2015 IAA Compliance Conference Remarks to 2015 IAA Compliance Conference by Dave Grim, Acting Director, Division of Investment Management
- Dave Grim Speech: Remarks to PLI Investment Management Institute 2015 Remarks to PLI Investment Management Institute 2015 by Dave Grim, Acting Director, Division of Investment Management
- Responses to Frequently Asked Questions Regarding the Commission’s Rule under Section 13 of the Bank Holding Company Act (the “Volcker Rule”) - SOTUS Covered Fund Exemption: Marketing Restriction SOTUS Covered Fund Exemption: Marketing Restriction
- Guidance Update: Key Employee Trusts Under the Family Office Rule Acceptance of Gifts or Entertainment by Fund Advisory Personnel —Section 17(e)(1) of the Investment Company Act
- Money Market Fund Statistics Money Market Fund Statistics
- Staff Letter (No-Action relief under Rule 14a-8 under the securities Exchange Act of 1934) Karpus Management, Inc.
- Staff Letter (No-action relief with respect to Rule 482 under the Securities Act of 1933) American Retirement Association
- Guidance Update: Key Employee Trusts Under the Family Office Rule Key Employee Trusts Under the Family Office Rule
- Staff Letter (No-action relief under rule 206(4)-3 under the Investment Advisers Act of 1940) Royal Bank of Canada
- Staff Letter (Extension of no-action relief under rule 17f-6 under the Investment Company Act of 1940) LCH.Clearnet Limited and LCH.Clearnet LLC
- Staff Letter (Extension of no-action relief under rule 17f-6 under the Investment Company Act of 1940) ICE Clear Credit LLC
- Staff Letter (Extension of no-action relief under rule 17f-6 under the Investment Company Act of 1940) Chicago Mercantile Exchange
- Staff Letter (Clarification of 2011 No-action letter) New Mountain Finance Corporation
- Norm Champ Speech: Remarks to the ICI 2014 Securities Law Developments Conference Remarks to the ICI 2014 Securities Law Developments Conference by Norm Champ, Director, Division of Investment Management, on December 10, 2014
- Information Update: Updates to Form PF Frequently Asked Questions Updates to Form PF Frequently Asked Questions
- Guidance Update: BDCs-Transactions with Certain Second-Tier Affiliates BDCs-Transactions with Certain Second-Tier Affiliates
- Staff Letter (No-action relief under rule 206-4(3) under the Investment Advisers Act of 1940) No-action relief under rule 206-4(3) under the Investment Advisers Act of 1940
- Norm Champ Speech: Remarks to the ALI CLE 2014 Conference on Life Insurance Company Products Remarks to the ALI CLE 2014 Conference on Life Insurance Company Products by Norm Champ, Director, Division of Investment Management, on November 13, 2014
- Staff Letter (No-action relief under rule 486(b) under the Securities Act of 1933: Nuveen Credit Strategies Income Fund, et al.) Rule 486(b) under the Securities Act of 1933
- Staff Letter (Exclusion of Shareholder Proposal under Rule 14a-8: Ellsworth Fund Ltd) Exclusion of Shareholder Proposal under Rule 14a-8
- Guidance Update: Guidance Regarding Mutual Fund Enhanced Disclosure Guidance Regarding Mutual Fund Enhanced Disclosure
- Norm Champ Speech: Remarks to the SIFMA Complex Products Forum Remarks to the SIFMA Complex Products Forum by Norm Champ, Director, Division of Investment Management, on October 29, 2014
- Guidance Update: Mixed and Shared Funding Orders Guidance Mixed and Shared Funding Orders
- Staff Letter (No-action relief under rule 486(b) under the Securities Act of 1933: Guggenheim Strategic Opportunities Fund) No-action relief under rule 486(b) under the Securities Act of 1933
- Norm Champ Speech: Remarks to the Practising Law Institute, Hedge Fund Management Seminar 2014 Remarks to the Practising Law Institute, Hedge Fund Management Seminar 2014, on September 11, 2014
- Staff Letter (No-action request under Section 205(a)(1) of the Investment Advisers Act of 1940) No-action request under Section 205(a)(1) of the Investment Advisers Act of 1940
- Commission Proposes Two-Year Extension of Sunset Date for Advisers Act Rule 206(3)-3T Commission Proposes Two-Year Extension of Sunset Date for Advisers Act Rule 206(3)-3T
- Staff Letter (No-action relief under rule 206(4)-3 under the Investment Advisers Act of 1940) No-action relief under section 206(4) of the Investment Advisers Act
- Rule: SEC Adopts Money Market Fund Reform Rules SEC Adopts Money Market Fund Reform Rules
- Rule: SEC Proposes Removal of Certain References to Credit Ratings in the Money Market Fund Rule SEC Proposes Removal of Certain References to Credit Ratings in the Money Market Fund Rule
- Norm Champ Speech: Remarks to the 2014 Insured Retirement Institute Government, Legal and Regulatory Conference Remarks to the 2014 Insured Retirement Institute Government, Legal and Regulatory Conference by Norm Champ, Director, Division of Investment Management, on July 1, 2014
- Norm Champ Speech: Remarks to the Practising Law Institute, Private Equity Forum Remarks to the Practising Law Institute, Private Equity Forum
- IM Information Update: Staff Legal Bulletin: Proxy Voting Responsibilities of Investment Advisers Staff Legal Bulletin: Proxy Voting Responsibilities of Investment Advisers
- Guidance Update: Business Development Companies with Wholly-Owned SBIC Subsidiaries-Asset Coverage Requirements Business Development Companies with Wholly-Owned SBIC Subsidiaries-Asset Coverage Requirements
- Guidance Update: Guidance Regarding Mutual Fund Enhanced Disclosure Guidance Regarding Mutual Fund Enhanced Disclosure
- Guidance Update: Private Funds and the Application of the Custody Rule to SpecialPurpose Vehicles and Escrows Private Funds and the Application of the Custody Rule to SpecialPurpose Vehicles and Escrows
- IM Information Update: Updates to Frequently Asked Questions  About Form 13F Updates to Frequently Asked Questions  About Form 13F
- Responses to Frequently Asked Questions Regarding the Volcker Rule Guidance on the Commission’s final rule implementing section 13 of the Bank Holding Company Act of 1956 (“BHC Act”), commonly referred to as the “Volcker Rule.”
- Guidance Update: Series Investment Companies:  Affiliated Transactions Series Investment Companies:  Affiliated Transactions
- Staff Letter (No-action relief under section 206(4) of the Investment Advisers Act) No-action relief under section 206(4) of the Investment Advisers Act
- IM Information Update: Exemptive Applications Review: Comparison Documents Exemptive Applications Review: Comparison Documents
- Staff Letter: No-action relief under sections 5(b) and 6(a) of the Securities Act of 1933 No-action relief under sections 5(b) and 6(a) of the Securities Act of 1933
- Guidance Update: Deregistration of Investment Companies: Applications on Form N-8F Deregistration of Investment Companies: Applications on Form N-8F
- Staff Letter: Exclusion of Shareholder Proposal Pursuant to Rule 14a-8 Exclusion of Shareholder Proposal Pursuant to Rule 14a-8
- Staff Letter: No-action relief under section 7(a) of the Investment Company Act No-action relief under section 7(a) of the Investment Company Act
- Dave Grim Speech: 2014 5th Annual DCIIA Public Policy Forum 2014 5th Annual DCIIA Public Policy Forum
- Norm Champ Speech: 2014 Mutual Funds and Investment Management Conference 2014 Mutual Funds and Investment Management Conference
- IM Information Update: 2013 Division of Investment Management Year in Review 2013 Division of Investment Management Year in Review
- Staff Letter: RS Global Natural Resources Fund No-action relief under Section 15(a) of the Investment Company Act
- Staff Letter: No-action relief under Section 15(a) of the Investment Company Act No-action relief under Section 15(a) of the Investment Company Act
- Guidance Update: Multi-Manager Funds – Aggregate Advisory Fee Rate Multi-Manager Funds – Aggregate Advisory Fee Rate
- Staff Letter: First Trust Dividend and Income Fund Omission of Shareholder Proposal under Rule 14a-8
- Guidance Update: Unbundling of Material Charter Amendments in Proxy Proposals Unbundling of Proxy Proposals—Investment Company Charter Amendments
- Staff Letter: No-action relief under 203(a) of the Investment Advisors Act of 1940 No-action relief under 203(a) of the Investment Advisors Act of 1940
- Staff Letter: Securities Lending – Section 17(e)(1) and Affiliated Lending Agents Securities Lending – Section 17(e)(1) and Affiliated Lending Agents
- Staff Letter: Omission of Shareholder Proposal under Rule 14a-8 Omission of Shareholder Proposal under Rule 14a-8
- Staff Letter: Custody of gold bullion and other precious metals under section 17(f) Custody of gold bullion and other precious metals under section 17(f)
- IM Information Update: Updates to Form PF Frequently Asked Questions Updates to Form PF Frequently Asked Questions
- No-Action Letter: Managed Funds Association Managed Funds Association
- No-Action Letter: Ms. Stephanie Hibler Ms. Stephanie Hibler
- Guidance Update: Risk Management in Changing Fixed Income Market Conditions Risk Management in Changing Fixed Income Market Conditions
- No-Action Letter: The Mexico Fund, Inc. The Mexico Fund, Inc.
- No-Action Letter: Chicago Mercantile Exchange Chicago Mercantile Exchange
- No-Action Letter: ICE Clear Credit LLC ICE Clear Credit LLC
- No-Action Letter: LCH.Clearnet Limited and LCH.Clearnet LLC LCH.Clearnet Limited and LCH.Clearnet LLC
- Guidance Update: Investment Funds Maintained by Charitable Organizations Investment Funds Maintained by Charitable Organizations
- Guidance Update: Guidance on the Exemption for Advisers to Venture Capital Funds Guidance on the Exemption for Advisers to Venture Capital Funds
- Staff Letter: Payment of Cash Solicitation Fees under Rule 206(4)-3 Payment of Cash Solicitation Fees under Rule 206(4)-3
- Staff Letter: No-action relief under section 5 of the Securities Act of 1933 No-action relief under section 5 of the Securities Act of 1933
- Norm Champ Speech: Remarks to the ALI CLE 2013 Conference on Life Insurance Company Products Remarks to the ALI CLE 2013 Conference on Life Insurance Company Products
- Guidance Update: Fund Names Suggesting Protection From Loss Fund Names Suggesting Protection From Loss
- Guidance Update: Fund Advisers Serving “At Cost” or For No Compensation Fund Advisers Serving “At Cost” or For No Compensation
- IM Information Update: Updates to FAQs About Form 13F Updates to FAQs About Form 13F
- IM Information Update: Acceleration of Registration Statements if There is A Change in the SEC’s Operating Status Acceleration of Registration Statements if There is A Change in the SEC’s Operating Status
- No-Action Letter:  BDC Share Repurchases and Restricted Stock Plans BDC Share Repurchases and Restricted Stock Plans
- Guidance Update: Form 13F Confidential Treatment Requests Based on a Claim of Ongoing Acquisition/Disposition Program; Form 13F Confidential Treatment Requests Based on a Claim of Ongoing Acquisition/Disposition Program;
- Guidance Update: Business Development Companies—Separate Financial Statements or Summarized Financial Information of Certain Subsidiaries; Business Development Companies—Separate Financial Statements or Summarized Financial Information of Certain Subsidiaries;
- Guidance Update: Merger of Two Exchange-Traded Funds Merger of Two Exchange-Traded Funds
- IM Guidance Update - Guidance for Registered Investment Companies that Invest in Commodity Interests Guidance for Registered Investment Companies that Invest in Commodity Interests
- IM Information Update: Updates to Form PF Frequently Asked Questions Updates to Form PF Frequently Asked Questions
- Information Update: Exchange-Traded Funds Using Affiliated Index Providers Exchange-Traded Funds Using Affiliated Index Providers
- Information Update: Updates to FAQs About Form 13F Updates to Frequently Asked Questions about Form 13F
- Guidance Update: Privately Offered Securities Under the Investment Advisers Act Custody Rule Privately Offered Securities Under the Investment Advisers Act Custody Rule
- No-Action Letter: Payment of Cash Solicitation Fees under Rule 206(4)-3 Payment of Cash Solicitation Fees under Rule 206(4)-3
- Guidance Update: Counterparty Risk Management Practices With Respect to Tri-Party Repurchase Agreements Counterparty Risk Management Practices With Respect to Tri-Party Repurchase Agreements
- No-Action Letter:  Concentration Policy Under Section 8(b)(1) BlackRock Multi-Sector Income Trust (July 8, 2013)
- No-Action Letter:  Concentration Policy Under Section 8(b)(1) Morgan Stanley Mortgage Securities Trust (July 8, 2013)
- Information Update: Division Extends the Benefits Under Rule 486(b) to Additional Closed End Funds The SEC’s Division of Investment Management issued seven no-action letters to approximately 30 named closed-end funds.
- No-Action Letter: Brochure Delivery Under Rule 204-3 Goldman, Sachs and Co. (June 20, 2013)
- Division Launches Money Market Fund Web Page(IM-INFO-2013-06) The SEC’s Division of Investment Management launched a new web page on the SEC website devoted to money market funds.
- Division of Investment Management Makes Money Market Fund Identifier Numbers Readily Available to the Public (IM-INFO-2013-05) Form 13F – Filing of New Online Form with XML Information Table to Begin May 20
- No-Action Letter: Rule 14a-8(i)(10) (Request for Reconsideration) Request for Consideration of the Steve Tamari Shareholder Proposal (College Retirement Equities Fund)
- No-Action Letter: Rule 14a-8(i)(7) Sandra M. Fox Shareholder Proposal (College Retirement Equities Fund)
- Information Update: Form 13F Technical Improvements Implemented (IM-INFO-2013-04) Form 13F – Filing of New Online Form with XML Information Table to Begin May 20
- No-Action Letter: Rule 14a-8(i)(10) Steve Tamari Shareholder Proposal (College Retirement Equities Fund)
- Guidance Update: Compliance with Exemptive Orders (2013-02) Compliance with Exemptive Orders
- Information Update: Updates to Form 13F FAQs (IM-INFO-2013-03) Updates to Frequently Asked Questions About Form 13f
- Information Update: Form 13F (IM-INFO-2013-02) Improvements to Form 13f
- Rule: Identity Theft Red Flags Rules Final Rules and Guidelines to Require Certain Regulated Entities to Establish Programs to Address Risks of Identity Theft
- No-Action Letter: Reg S-X, Rule 22c-1 Copley Fund No-Action Letter
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