On November 2, 2022, the SEC proposed amendments to improve liquidity risk management programs (“LRMP”) and utilize swing pricing for the adjustment of net asset values on a per share basis.Read More
On February 10, 2022, the SEC proposed amendments to certain rules that govern beneficial ownership reporting. The amendments include revising filing deadlines for initial and amended reports filed on Schedules 13D and 13G, clarifying and affirming rules as applied to two or more persons that form a group under the Securities Exchange Act of 1934, and requiring submissions to be in XML format.
As part of the U.S. Securities and Exchange Commission’s Final Rule on Updating EDGAR Filing Requirements and Form 144 Filings, reporting companies are required, with compliance dates beginning on January 11, 2023, to submit certain documents electronically, including “glossy” annual reports, notices of exempt solicitations and preliminary roll-up communications, and notices of sales of securities of certain issuers.
As part of the U.S. Securities and Exchange Commission’s Final Rule on Pay versus Performance, reporting companies are required to include certain additional language and tabular disclosures in Schedule 14A and Schedule 14C filings, using machine-readable interactive data files (iXBRL format) with compliance dates beginning for fiscal years ending on or after December 16, 2022.