CPLG managing attorney Liam Krahe spoke with Brian Kidder of My eListing about the challenges posed by the US Securities and Exchange Commission's new rule on investment company names. The rule mandates that a company's name should reflect its investments by at least 80%. While the SEC names rule aims to protect investors by ensuring transparency in investment naming, the challenges in its implementation, Liam said, suggest that many further clarifications and tweaks may be needed.

"So, what happens with funds of funds?" Liam questions. "You're getting into multiple layers and you might not necessarily have full control from a fund management standpoint on the allocation of those assets."