SEC Clarifies Investment Advisers’ Proxy Voting Responsibilities

The SEC has issued Commission Interpretation and Guidance Regarding the Applicability of the Proxy Rules to Proxy Voting Advice.

The guidance addresses “the ability of investment advisers to establish a variety of different voting arrangements with their clients and matters they should consider when they use the services of a proxy advisory firm.”

The guidance will become effective upon the date of its publication in the Federal Register. For more information, see the press release and guidance on the SEC’s Web site.