fund and may weaken the overall confidence in the mutual fund industry.   The SEC therefore is proposing to amend the rules on term funds by, for example, (1) increasing investment diversification and

Securities and Exchange Commission (SEC) is proposing amendment to the takeover regulations. The existing regulations require that people who make a tender offer for all securities of the business

asset custody to institutional investors. Effectively, the proposed guidelines would level the playing field while maintaining an appropriate level of investor protection.In proposing these rules, the SEC

necessary information before making investment decisions.In addition, to streamline the disclosure requirements before the effective date of the registration statement, the SEC is proposing to repeal the

is to promote fairness and equality for all investors. Secondary public offering (SPO) of listed companies would also follow this general cornerstone approach. In addition, the SEC is proposing the

companies; therefore, shareholders are not involved in the decision making regarding such transaction.The SEC therefore is proposing to amend the rules governing the execution of material transactions and

all shares in other companies. SEC is therefore proposing to amend rules on REIT investment to pave the way for REIT to undertake indirect investment in real estate by holding shares in other

the bills issued by a company at the full amount not yet redeemed*.  The SEC is therefore proposing to amend the regulations concerning offering for sale of bills. The key points of the proposed

particular person to reduce inappropriate PP offering.  The SEC is proposing to amend the PP offering regulations to further enhance efficiency of such offering and maintain sufficient investor protection

fundraising opportunities.   The SEC is therefore proposing to revise the definition of high net worth investor of infrastructure funds and infrastructure trusts as well from an individual who subscribes