Diane Blizzard to leave SEC 08 May 2018Washington DC Reporter: Jenna Lomax
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Diane Blizzard, associate director of the Securities and Exchange Commission (SEC) Division of investment management, is leaving the commission.
Blizzard, who has worked at SEC for 18 years, is planning to leave the agency at the end of May.
Blizzard has led the division鈥檚 rulemaking offices in developing policy recommendations and rule changes under the federal securities laws affecting investment companies and investment advisers.
Prior to her position as associate director, Blizzard served as managing executive of the division, senior adviser to the director, and assistant director of the Office of Regulatory Policy.
Most recently, Blizzard helped shape new regulations designed to enhance regulatory safeguards鈥攖hese included new rules and forms, adopted in 2016, that enhance and modernise data reporting by registered funds and require mutual funds and exchange-traded funds to implement liquidity risk management programmes.
According to SEC, Blizzard also played a key role in the SEC鈥檚 efforts to reform the regulation of money market funds and to implement rules mandated by the JOBS Act and the Dodd-Frank Act, including the Volcker Rule.
SEC chairman Jay Clayton, said: 鈥淢ain Street investors are better off today because of Diane Blizzard鈥檚 public service and commitment to enhancing and modernising the regulatory landscape for the asset management industry.鈥�
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