The SEC noticed an open meeting for Wednesday, August 21st to consider: (i) guidance regarding the proxy voting responsibilities of investment advisers, and (ii) an interpretation and guidance on the applicability of the proxy rules to proxy voting advice. Here is the agenda:
| Item 1: |
Commission Guidance Regarding Proxy Voting Responsibilities of Investment Advisers |
| Office: |
Division of Investment Management |
| Staff: |
Dalia Blass, Paul Cellupica, Holly Hunter-Ceci, David Bartels, and Thankam Varghese |
The Commission will consider whether to publish guidance regarding the proxy voting responsibilities of investment advisers under Rule 206(4)-6 under the Investment Advisers Act of 1940, and Form N-1A, Form N-2, Form N-3, and Form N-CSR under the Investment Company Act of 1940.
| Item 2: |
Commission Interpretation and Guidance Regarding the Applicability of the Proxy Rules to Proxy Voting Advice |
| Office: |
Division of Corporation Finance |
| Staff: |
William Hinman, Michele Anderson, Ted Yu, Tamara Brightwell, and Adam Turk |
The Commission will consider whether to publish an interpretation and related guidance regarding the applicability of certain rules, which the Commission has promulgated under Section 14 of the Securities Exchange Act of 1934, to proxy voting advice.
As previously reported, notably new to the SEC's Spring 2019 Reg-Flex Agenda were a number of items, including proposed amendments to Rule 14a-2(b).
See Gibson Dunn's post; Rule 14a-2(b)(3) re: proxy advisor exemption; SEC Commissioner Roisman's March 2019 speech; and these K&L Gates and Seward & Kissel memos on Rule 206(4)-6 and related guidance.