An SEC final rule that will adopt a new regulatory framework for fund valuation practices was published in the Federal Register. The rule amendments will go into effect on March 8, 2021, with a compliance date set for eighteen months following the effective date of the rules.
See prior coverage for further information on how the final rule clarifies a fund's Board of Directors obligations concerning fair value determination.
Primary Sources
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
