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To explain the new rules, forms, and amendments to current rules and forms (Final Rule) that the Securities and Exchange Commission (SEC) has adopted to modernize the reporting of information provided by registered investment companies (funds) and to improve the quality and type of information that funds provide to the SEC and investors.

Discusses the background leading up to the Final Rule, provides an overview and summary of the Final Rule’s key components, and highlights issues that may be raised by the new reporting regime.

The Final Rule will have a significant effect on many funds. Funds will experience a substantially increased reporting burden with respect to both the frequency of reporting and the granularity of information required.

Fund managers and fund service providers should begin to evaluate the impact of the Final Rule, the processes that will need to be implemented to prepare filings on new forms, and the changes in fund disclosure practices that will be required in response to the amendments to certain forms.

Practical guidance from financial services lawyers specializing in the investment management industry.

This paper aims to highlight certain comments made by US Securities and Exchange Commission (SEC) officials, which may provide insight into compliance and enforcement issues that may be important for market participants, including broker-dealers, investment advisors and reporting companies, in the future.

This paper explains comments made by SEC officials and highlights potential regulatory issues based on past experiences of attorneys within the firm, past comments made by the SEC and Financial Industry Regulatory Authority and past regulatory exam results.

This paper summarizes remarks from the recent SEC Speaks 2018 Conference conducted by SEC officials related to the Commission’s regulatory and enforcement priorities. Issuers, brokers, advisors and other financial organizations should familiarize themselves with the themes and guidance discussed at the Conference to prepare for regulatory compliance challenges in the upcoming year.

Practical guidance from experienced securities and financial services lawyers.

Historically, libraries have always included special features in their catalogs to meet local needs. This trend has changed over the years as cataloging standards have been developed and accepted. The sheer volume of materials and the rising costs of operations have also curtailed the customizing of local records. However, the desirability of enhancing local records has been readdressed at Carnegie Mellon University. It has undertaken an experimental project to enhance catalog records for new books that meet defined criteria: for example, the books contain “citable” references in the table of contents; chapter titles, while not separately citable, do contain additional useful information; and exhibition catalogs cover 25 or fewer artists. The criteria for and process of enhancing records are discussed, and sample screen displays are illustrated.

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

Various achievements of Australia in the field of applied ethics from the 1980s to 2016 are outlined. The review covers academic scholarship, research and teaching; the ethics of business and actions to build ethics into the structures of enterprises. This follows the 3-fold categorization developed by De George (2012). A brief account of the formation and history of the Australian Association for Professional and Applied Ethics is included, as is a selection of scandals involving Australian organisations. Australia is shown to have made a significant contribution to the academic discipline of applied ethics and to have been aware of its position, distant from the English-speaking West and in the midst of nations of the global south.

The 19th annual Australian Association for Professional and Applied Ethics (AAPAE) conference was held at St. John's College at the University of Queensland, 28 June–1 July 2012, and was hosted by Rev. Professor John Morgan. This was the third time that John Morgan hosted an AAPAE conference. The Association is very grateful for his support.

The third term has been expressed as but in wind tunnel work it is often more convenient to measure were the omission of the dash signifies that the moment is now measured about a wind axis. The two quantities are very closely related and the measurement of one tells us almost as much as if the two were known. The latter, however, tells us either directly or indirectly what effect the addition of fin and rudder will have on the autorotation properties of the wings alone. The damping of fin and rudder being due essentially to the air flow meeting them at an angle on account of the rotation it should theoretically be possible to deduce this dynamic quantity from a simple static test of moment due to yaw angle. An experiment to test this was carried out several years ago but the static test did not give any approximation to the truth. This was ascribed at the time to the shielding of fin and rudder by the tail plane in the rotative experiment and subsequent work has amply confirmed this view. It is now known that shielding by the tail plane is by far the most important factor in determining the efficiency of the vertical surfaces at high angles of attack.

People have worked together since the beginnings of human time. Since then the forms of collaboration have barely changed. While a group of laborers building the pyramids of Egypt might seem to bear little resemblance to a team of machine operators working in a plant, they actually have much in common. Both groups are made up of people of similar backgrounds with clear loyalties and interests, interacting face-to-face to perform relatively well-defined tasks in pursuit of a shared goal.

To explain the background and details of the responses from the Staff of the Division of Investment Management of the US Securities and Exchange Commission (SEC) to certain frequently asked questions (FAQs) regarding the July 23, 2014 amendments to Rule 2a-7 and other rules that govern money market funds under the Investment Company Act of 1940 (1940 Act).

In July 2014, the SEC adopted sweeping amendments to Rule 2a-7 and other rules that govern money market funds under the 1940 Act (Amendments). The Amendments (i) require “institutional” money funds to operate with a floating net asset value (NAV), rounded to the fourth decimal place (e.g. $1.0000) and (ii) permit (and, under certain circumstances, require) all money funds to impose a “liquidity fee” (up to 2 per cent) and/or “redemption gate,” once weekly liquidity levels fall below the required regulatory threshold. The article briefly discusses the background and the events leading up to the FAQs and describes key responses from the Staff on a variety of issues.

The Amendments set forth sweeping changes to money fund regulation and will have a profound effect on the money fund industry. Although the most significant provisions of the Amendments – the floating NAV requirement and the imposition of liquidity fees and redemption gates – will not go into effect for two years, the changes to the industry will be apparent almost immediately. The FAQs provide clarity on a number of issues that are relevant to the money fund industry.

Money fund managers and boards of directors should begin assessing the potential impact of the Amendments and develop a schedule to come into compliance.

Practical guidance from experienced financial services lawyers.