This issue includes updates on the following key areas:
SEC Leadership Changes
- President Biden Nominates Gary Gensler to be the Next SEC Chairman
- Other Recent Leadership Changes
SEC Rulemaking
- New Streamlined Shareholder Reports and Rule 498B
- Finalized Advisor Marketing Reforms
Regulatory Initiatives
- DOL Issued Three Pieces of Guidance on Missing and Unresponsive Participants
- DOL Announced the Finalization of a New PTE
- The Office of Compliance Inspections and Examinations Renamed
- SEC Guidance on Upcoming Regulation Best Interest Examinations
Proxy Items
- The DOL Adopted Proxy Voting Rules for Plan Fiduciaries
Regulatory Watchlist
- Biden Administration Issued a Freeze Memorandum on the Adoption of New Regulations
- Potential Use of the Congressional Review Act
Download the full summary for more information.