Client Alert

Final Proxy Voting Rules, Proposed Compliance Program Rules, and Proposed Suspicious Activity Reporting for Mutual Funds

February 01, 2003

Investment Management Practice Group

On January 23, 2003, the SEC adopted rule amendments that will require mutual funds and other registered investment companies to disclose their proxy voting policies and procedures and their actual proxy votes cast. On the same day, the SEC adopted a new rule and rule amendments that will require SEC-registered investment advisers to adopt written proxy voting policies and procedures.