On November 25, 2019, the Securities and Exchange Commission (the “SEC”) proposed new rules that would govern the use of derivatives by most types of registered investment companies. Re-proposed new rule 18f-4, an exemptive rule under the Investment Company Act of 1940, as amended (the “Investment Company Act”) (the, “proposed derivatives rule”), would permit mutual funds, exchange-traded funds (“ETFs”), registered closed-end funds, and business development companies (collectively, “funds”) to enter into derivatives transactions notwithstanding the restrictions under section 18 of the Investment Company Act. The proposed derivatives rule would not be applicable to money market funds or unit investment trusts. The proposal is similar to the rule proposed by the SEC in December 2015, which was later removed from the SEC’s formal agenda. Certain provisions from four years ago, such as an asset segregation requirement, are not included in this re-proposal of the derivatives rule.

A Fixed Width layout is very traditional, with all content framed in a nice and tidy-like. An excellent choice for those of us who are a bit OCD. Like a pinstripe shirt, they never go out of style.

The Full-Width layout is all the rage, and for a good reason. Your main navigation and masthead span edge to edge, allowing for more content and impactful imagery up top. Beautiful to behold on desktop displays and nice and clean when viewed on a mobile device.

Finally, the Hybrid layout which takes its cues from the first two. The navigation and mast are wide-open. This allows for the use of some nice graphics or textures. The post area is framed in. Pulling your eye right where it needs to go…the content.

Of the three, Hybrid is my favorite. What’s yours?