BlackRock MuniYield Michigan (MIY) reappoints compliance chief
Rhea-AI Filing Summary
BLACKROCK MUNIYIELD MICHIGAN QUALITY FUND, INC. lists Charles Park as a reporting person in his role as Chief Compliance Officer. He previously served from June 6, 2014 through June 30, 2023 and has been reappointed effective August 1, 2026. No securities transactions are reported.
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Key Figures
Prior CCO start date: June 6, 2014
Prior CCO end date: June 30, 2023
Reappointment effective date: August 1, 2026
3 metrics
Prior CCO start date
June 6, 2014
Start of Charles Park's earlier Chief Compliance Officer tenure
Prior CCO end date
June 30, 2023
End of Charles Park's earlier Chief Compliance Officer tenure
Reappointment effective date
August 1, 2026
Effective date of Charles Park's reappointment as Chief Compliance Officer
Key Terms
Chief Compliance Officer, Reporting Person, Issuer
3 terms
Chief Compliance Officer regulatory
"The Reporting Person previously served 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"
Issuer regulatory
"Chief Compliance Officer of the Issuer from June 6, 2014 to June 30, 2023"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Form 3 for MIY disclose about Charles Park?
The Form 3 shows that Charles Park is a reporting person due to his role as Chief Compliance Officer. It notes a prior tenure from June 6, 2014 to June 30, 2023 and a reappointment effective August 1, 2026, with no share transactions reported.
What role does Charles Park hold at BlackRock MuniYield Michigan Quality Fund (MIY)?
Charles Park is identified as the fund’s Chief Compliance Officer. This officer position makes him a reporting person for MIY under SEC rules, requiring a Form 3 even though no securities ownership or trading activity is listed in this filing.
When did Charles Park previously serve as Chief Compliance Officer of MIY?
Charles Park previously served as Chief Compliance Officer of MIY from June 6, 2014 to June 30, 2023. The Form 3 remarks section provides this full tenure period as background to his current officer status and later reappointment.
When is Charles Park’s reappointment as Chief Compliance Officer of MIY effective?
His reappointment as Chief Compliance Officer is effective August 1, 2026. The remarks specify that, after his earlier 2014–2023 service, he has been reappointed to the role as of that date, prompting this officer-related Form 3 disclosure.
Why is an officer like Charles Park required to file a Form 3 for MIY?
As Chief Compliance Officer, Charles Park qualifies as an officer of the issuer, which makes him a reporting person under SEC rules. Form 3 establishes his initial beneficial ownership status in that capacity, even when no securities are currently listed.