Insights
Client Alert
The Investment Company Act (New Rule Compliance Matrix: A Comprehensive Overview of the Major Regulatory Reforms Adopted by the SEC)
December 08, 2004
Investment Management Practice Group
Now that the October 5, 2004 deadline for registered investment companies to adopt compliance policies and procedures pursuant to Rule 38a-1 of the Investment Company Act of 1940 has passed, Fund managers and Fund boards have begun to focus their attention on several other important regulatory initiatives that the Securities and Exchange Commission has proposed and adopted over the last year. These new rules will have a significant impact on the way Funds and Boards operate, how Fund shares are sold, and how Fund disclosure documents are written.