SEC's Uyeda Issues Statement on Proposed Amendments to Adviser Performance-Based Compensation, Interval Fund Modernization, and Multiple Share Class Rules

SEC Commissioner Mark T. Uyeda has issued a statement on proposed amendments to adviser performance-based compensation, interval fund modernization, and multiple share class rules for closed-end funds and business development companies (BDCs).

The statement was posted to the Securities and Exchange Commission's Speeches and Statements page. The SEC announced the new information is now available.

The proposed amendments address adviser performance-based compensation, the modernization of interval funds, and multiple share class rules for closed-end funds and BDCs, according to the statement.

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