On June 15, 2022, the Securities and Exchange Commission (the “SEC”) issued a request for information and public comment (the “Request for Comment”) on matters related to the activities of index providers, model portfolio providers and pricing services (referred to by the SEC as “information providers” or “providers”). The SEC states that the role of such firms “has grown in size and scope in recent years, significantly changing the face of the asset management industry,” that “[t]he development and nature of these services may raise investment adviser status issues” under the Investment Advisers Act of 1940 (the “Advisers Act”) and that comments are requested “to facilitate consideration of whether regulatory action is necessary and appropriate to further the [SEC’s] mission.”