The Securities and Exchange Commission announced an open meeting to be held on November 2, 2022 to discuss several matters, some proxy related.
The SEC will consider whether to adopt new rules and form amendments intended to increase transparency in proxy vote reporting for registered investment companies. On September 29, 2021, the SEC had announced proposed amendments to Form N-PX that would expand the information that registered funds must disclose about their proxy votes. The SEC's proposal would also impose Form N-PX reporting requirements on Form 13F filers—i.e., "institutional investment managers"—with respect to the managers' proxy voting records on say-on-pay proposals for securities over which those managers exercise voting power. At the open meeting, the SEC will also consider whether to adopt a new rule and form amendments for this purpose.
The SEC will also consider whether to propose rules and form amendments regarding pricing and disclosure requirements for open-end management investment companies.
The meeting will commence at 10:00 am ET, and is open to the public via webcast. See the notice here for additional details.
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Visit us at mayerbrown.com
Mayer Brown is a global services provider comprising associated legal practices that are separate entities, including Mayer Brown LLP (Illinois, USA), Mayer Brown International LLP (England & Wales), Mayer Brown (a Hong Kong partnership) and Tauil & Chequer Advogados (a Brazilian law partnership) and non-legal service providers, which provide consultancy services (collectively, the "Mayer Brown Practices"). The Mayer Brown Practices are established in various jurisdictions and may be a legal person or a partnership. PK Wong & Nair LLC ("PKWN") is the constituent Singapore law practice of our licensed joint law venture in Singapore, Mayer Brown PK Wong & Nair Pte. Ltd. Details of the individual Mayer Brown Practices and PKWN can be found in the Legal Notices section of our website. "Mayer Brown" and the Mayer Brown logo are the trademarks of Mayer Brown.
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This Mayer Brown article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein.










