BlackRock Floating Rate Fund (NYSE: FRA) reappoints Chief Compliance Officer
Rhea-AI Filing Summary
BLACKROCK FLOATING RATE INCOME STRATEGIES FUND, INC. reports the status of officer Park Charles on an initial insider ownership statement. He is identified as Chief Compliance Officer. The filing does not list any securities holdings or transactions for him.
Charles previously served as Chief Compliance Officer from June 6, 2014 to June 30, 2023, and is stated to be reappointed to the same role effective August 1, 2026.
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Key Figures
Prior CCO term start: June 6, 2014
Prior CCO term end: June 30, 2023
Reappointment effective date: August 1, 2026
3 metrics
Prior CCO term start
June 6, 2014
Start of Park Charles' earlier service as Chief Compliance Officer
Prior CCO term end
June 30, 2023
End of Park Charles' earlier service as Chief Compliance Officer
Reappointment effective date
August 1, 2026
Effective date of Park Charles' reappointment as Chief Compliance Officer
Key Terms
Chief Compliance Officer, Reporting Person, Form 3
3 terms
Chief Compliance Officer regulatory
"The Reporting Person was reappointed as Chief Compliance Officer of the Issuer"
The chief compliance officer is the senior executive responsible for making sure a company follows laws, industry rules and its own internal policies, acting like a safety inspector for legal and ethical risks. Investors care because effective compliance reduces the chance of fines, lawsuits, operational disruption and reputational damage, so the officer’s competence and independence can materially affect future profits and risk exposure.
Reporting Person regulatory
"The Reporting Person previously served as Chief Compliance Officer of the Issuer"
Form 3 regulatory
"initial insider ownership statement on Form 3 for the issuer"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does BlackRock Floating Rate Income Strategies Fund's (FRA) Form 3 report?
It reports that Park Charles is a corporate officer and lists no insider holdings or transactions for him. The statement focuses on his role as Chief Compliance Officer, his earlier service period, and his future effective reappointment date.
Who is Park Charles in relation to FRA?
Park Charles is identified as the Chief Compliance Officer of BlackRock Floating Rate Income Strategies Fund, Inc. He previously held this role for several years and, according to the filing, is scheduled to resume the same position effective August 1, 2026.
When is Park Charles reappointed as Chief Compliance Officer of FRA effective?
His reappointment as Chief Compliance Officer is effective August 1, 2026. This follows a prior term in the same role, with the filing clarifying continuity of his compliance leadership position at BlackRock Floating Rate Income Strategies Fund, Inc.
What was Park Charles' previous service period as CCO of FRA?
He previously served as Chief Compliance Officer from June 6, 2014 to June 30, 2023. The remarks specify these start and end dates, giving investors context on his past tenure overseeing compliance for the fund.
Does the FRA Form 3 show any insider transactions or derivative positions for Park Charles?
No. The Form 3 shows no reported transactions and no derivative holdings for Park Charles. Transaction counts, buy and sell shares, and derivative summaries are all zero, indicating no reported trading activity or option positions in the issuer's securities.