Securities and Exchange Commission April 9, 2014 – Federal Register Recent Federal Regulation Documents

FundVantage Trust, et al.; Notice of Application
Document Number: 2014-07894
Type: Notice
Date: 2014-04-09
Agency: Securities and Exchange Commission, Agencies and Commissions
Summary of the Application: The requested order would (a) permit certain registered open-end management investment companies that operate as ``funds of funds'' to acquire shares of certain registered open-end management investment companies and unit investment trusts (``UITs'') that are within and outside the same group of investment companies as the acquiring investment companies, and (b) permit funds of funds relying on rule 12d1-2 under the Act to invest in certain financial instruments.
Direxion Shares ETF Trust, et al.; Notice of Application
Document Number: 2014-07893
Type: Notice
Date: 2014-04-09
Agency: Securities and Exchange Commission, Agencies and Commissions
Investment Company Advertising: Target Date Retirement Fund Names and Marketing
Document Number: 2014-07869
Type: Proposed Rule
Date: 2014-04-09
Agency: Securities and Exchange Commission, Agencies and Commissions
The Securities and Exchange Commission (``Commission'') is reopening the period for public comment on rule amendments it proposed in 2010, Investment Company Advertising: Target Date Retirement Fund Names and Marketing, Securities Act Release No. 9126 (June 16, 2010). Among other things, the proposed amendments would, if adopted, require marketing materials for target date retirement funds (``target date funds'') to include a table, chart, or graph depicting the fund's asset allocation over time, i.e., an illustration of the fund's so-called ``asset allocation glide path.'' In 2013, the Commission's Investor Advisory Committee (``Committee'') recommended that the Commission develop a glide path illustration for target date funds that is based on a standardized measure of fund risk as a replacement for, or supplement to, the proposed asset allocation glide path illustration. The Commission is reopening the comment period to seek public comment on this recommendation.