SEC announces open meeting on investment adviser proxy issues

The SEC has announced that it will hold a public meeting on August 21 @ 10 am re:

  • whether to publish guidance regarding the proxy voting responsibilities of investment advisers under, inter alia, Rule 206(4)-6 under the Investment Advisers Act of 1940; and
  • 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.

We will track these developments carefully.