On September 26, the SEC adopted a new rule to modernize the regulation of exchange-traded funds. The rule allows the vast majority of ETFs to come to market without having to first obtai...
On September 26, the SEC announced a welcome, broad expansion of “testing the waters” flexibility for all companies. Under new Rule 163B, all companies, and persons authorized to act ...
On August 21, 2019, the SEC issued guidance to assist investment advisers in fulfilling their proxy voting responsibilities (the “Guidance”) and an interpretation that proxy voting ad...
Davis Polk partners Nora Jordan, Leor Landa and Gregory Rowland authored the 2019-2020 edition of Advising Private Funds: A Comprehensive Guide To Representing Hedge Funds, Private Equity...
Rules and Regulations
SEC Staff Grants No-Action Relief Allowing Employee Securities Companies Exempt from Registration to Continue Operating without Registration Following a Transfer o...
On August 21, 2019, the Securities and Exchange Commission approved two significant measures related to the increasingly large role of proxy advisory firms in the corporate voting process...
Rules and Regulations
SEC Staff Grants No-Action Relief Extending Existing Exemptive Relief under Section 15(a) of the Investment Company Act to Affiliated Sub-Advisers
SEC Staff Grants ...
Rules and Regulations
SEC Adopts Amendments to the Auditor Independence Rules
Davis Polk Publishes Visual Memorandum Related to Regulation Best Interest and Related Interpretations
Indu...
Articles & Books
International Comparative Legal Guide: Public Investment Funds 2019, Second Edition
Davis Polk partner Gregory Rowland and counsel Sarah Kim served as contributing editors for the 2nd edition of International Comparative Legal Guide: Public Investment Funds 2019. Rowla...
