US Venture Capital Firms’ China Investments Scrutinized by Congress
American VC firms invested in Chinese AI, semiconductor, aerospace and defense startups, including some blacklisted by the U.S., according to a House committee report.
Regulation
Allocators Condemn UK Regulator’s Plan to Limit Investor Approvals
As it stands, shareholders must assent to M&A or related-party deals. But the FCA wants to ease listing requirements to stem companies decamping to New York exchanges.
SEC Finalizes Liquidity Dealer Rule
The rule would require unregistered liquidity providers to register as dealers with the SEC.
SEC Predictive Analytics Proposal Targeted by Senate Republicans
The proposal has been widely criticized by the financial industry for being too broad in its application.
SEC Private Funds Rule Challenged in 5th Circuit
The rule that requires additional disclosures from private fund advisers faced skepticism from a three-judge panel.
Sanctions Experts Tell Congress Chinese Investment Restrictions Should Be More Specific
Sectoral-based sanctions, such as those enforced by the U.S. Department of Commerce, can be vague and harder for the industry to understand than specific blocks on individuals and companies.
Construction Pension Granted $16M by PBGC
The aid will allow the critical status plan to remain solvent through 2051.
Aon Agrees to $1.5M Settlement With SEC Over Pennsylvania Pension Data
The penalty is related to misleading statements the adviser made to the Pennsylvania Public School Employees’ Retirement System.
Suggestions Sought for Retirement Plan Reporting, Disclosure
With a report on improvements due in 2025, the IRS, PBGC and EBSA are accepting feedback during a 90-day comment period.
Agricultural Interests Voice Opposition to SEC Climate Disclosure Proposal
The agricultural industry has long been among the chief opponents of climate disclosure, particularly scope 3 disclosure.
Anti-ESG Politics Affects Names More Than Strategies
While campaigns may have succeeded in shifting ESG naming conventions, their impact on actual investing strategies has been far more muted.
SEC Proposal to Ban Volume Discounts for Exchange Orders Receives Mixed Feedback
Larger exchanges came out in opposition, while smaller exchanges and consumer advocates supported the change.
Julie Su Re-Nominated as Head of DOL
Nominees who have not yet been confirmed must be resubmitted at the beginning of any calendar year.
PBGC Requests Nominations for Open Advisory Council Position
The deadline for nominations is February 16.
Updated Form 5500 and Instructions Released
Defined benefit plans will see important changes to Schedule R and Schedule MEP.