Comment Letter on SEC Fiduciary Standard Proposal
The Securities and Exchange Commission earlier this year issued a two-part release that could impact investment managers - including loan managers. The second part of the release requests comments regarding proposed enhanced investment adviser regulation. The LSTA this week submitted a comment letter on the two proposals, broadly supporting the recommendations of the Investment Advisers Association (“IAA”). The LSTA added a recommendation regarding Form CRS that would be relevant to some registered advisers that manage loans. The IAA letters are available here and here.
Comment Letter on SEC Fiduciary Standard Proposal
The Securities and Exchange Commission earlier this year issued a two-part release that could impact investment managers - including loan managers. The second part of the release requests comments regarding proposed enhanced investment adviser regulation. The LSTA this week submitted a comment letter on the two proposals, broadly supporting the recommendations of the Investment Advisers Association (“IAA”). The LSTA added a recommendation regarding Form CRS that would be relevant to some registered advisers that manage loans. The IAA letters are available here and here.
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Comment Letter on SEC Fiduciary Standard Proposal
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