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SEC issues final rule on covered investment fund research reports

  • SEC (US Securities and Exchange Commission) Image

Dec 03, 2018

As part of the Fair Access to Investment Research Act of 2017, the SEC has issued a final rule, “Covered Investment Fund Research Reports,” which is designed to “establish a safe harbor for a broker or dealer to publish or distribute research reports on investment funds under certain conditions.”

In ad­di­tion, the SEC has adopted a new rule to exclude a covered investment fund research report from the coverage of Section 24(b) of the Investment Company Act of 1940 unless certain exemptions are met. The Commission has also made conforming amendments to Rule 101 of Regulation M and Form 12b-25.

For more in­for­ma­tion, see the press release and final rule on the SEC’s Web site.

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