SEC Proposes Amendments to Reduce Burdens in Reporting of Fund Portfolio Holdings
The SEC has proposed amendments to Form N‑PORT that give investment companies an extra 15 days to file their monthly portfolio reports and shift public disclosure from a monthly to a quarterly cadence. The changes also eliminate the “Names Rule” reporting requirement and add a new data element for share classes that function as exchange‑traded funds. Separate from the amendment, the Commission extended compliance deadlines for the Names Rule to November 17, 2027 for funds with assets over $10 billion and May 18, 2028 for smaller funds. The proposal will be open for public comment for 60 days after its Federal Register publication.
SEC Publishes Data on Exchange Traded Funds and Fund Mergers; Updated Statistics on Municipal Advisors, Transfer Agents, and Security-Based Swap...
The SEC’s Division of Economic and Risk Analysis released two new reports detailing the rapid expansion of active exchange‑traded funds and the fee outcomes of mutual‑fund and ETF mergers. Active ETFs now number close to passive funds, exhibiting higher turnover,...
Keith E. Cassidy Named Director of the Division of Examinations
The U.S. Securities and Exchange Commission appointed Keith E. Cassidy as Director of the Division of Examinations, confirming his role after serving as acting director since May 2024. Cassidy previously led the division’s Technology Controls Program and the SEC’s CyberWatch...