Blogs

As reported in today's weekly Society Alert, the SEC's newly-published Spring 2018 Reg-Flex Agenda is generally consistent with its Fall 2017 Agenda (see our report here), subject to the noteworthy moves of Business, Financial and Management Disclosure Required By Regulation S-K (see the April 2016 then-titled Business and Financial Disclosure release and commentary) and Disclosure of Hedging by Employees, Officers and Directors from Long-Term Actions in Fall 2017 to the current (i.e., "Active" or near-term) agenda.

• Filing Fee Processing
• Extending the Testing the Waters Provision to Non-Emerging Growth Companies
• Use of Derivatives by Registered Investment Companies and Business Development Companies
• Amendments to the Marketing Rules Under the Advisers Act

These rulemakings (among others) remain on the Long-Term Actions (as opposed to Active) list:

• Clawbacks
• Conflict Minerals Amendments
• Corporate Board Diversity Disclosure
• Pay for Performance
• Proxy Process Amendments
• Universal Proxy

A few items on the current agenda are making first-time appearances: Fund of Funds Arrangements, Investment Company Liquidity Disclosure, and Amendments to the Commission's Freedom of Information Act Regulations.

Stay tuned for additional commentary.