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ARTICLE · 21 SEPTEMBER 2011

Financial Services Alert – September 20, 2011

Goodwin Procter LLP
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The SEC issued an advanced notice of proposed rule making (the "ANPR") that requests comment on various aspects of Rule 3a-7 under the Investment Company Act of 1940 (the "Investment Company Act" or the "Act").

United StatesFinance and Banking
Robert Kurucza
Robert Kurucza

Developments of Note

  • SEC Requests Public Comment on Treatment of Asset-Backed Securities Issuers under Investment Company Act
  • SEC Commences Administrative Proceeding Against Adviser Alleging Misrepresentations Regarding Independence of Investment Advice

Other Items of Note

  • DOL to Re-Propose Amendment to Regulation Defining "Investment Advice" for purposes of Fiduciary Status under ERISA
  • FinCEN Issues Proposal That Would Require Electronic Filing of Bank Secrecy Act Forms Beginning June 30, 2012
  • FDIC Board of Directors Approves Living Will Rules

DEVELOPMENTS OF NOTE

SEC Requests Public Comment on Treatment of Asset-Backed Securities Issuers under Investment Company Act

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