Tag: Names Rule

1
United States: What’s in a Name?  SEC Proposes Amendments to Fund Names Rule & ESG Disclosure Requirements

United States: What’s in a Name?  SEC Proposes Amendments to Fund Names Rule & ESG Disclosure Requirements

By: Clair Pagnano

In a significant departure from the SEC’s long-standing position on the use of fund names, the SEC is proposing amendments to Rule 35d-1 that would expand the Names Rule to include terms denoting strategies, thereby subjecting funds that use the terms “Growth,” “Value,” and funds that use ESG-related terms in the fund’s name to the rule. It would also prohibit funds from using ESG-related terms in their names if ESG factors are considered to the same extent as other screening factors in the management of the fund (so-called “integration” funds). These and other key aspects of the proposed rule include:

Read More

Copyright © 2022, K&L Gates LLP. All Rights Reserved.