An SEC final rule that will adopt a new regulatory framework for fund valuation practices was published in the Federal Register.
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The SEC adopted a regulatory framework for fund valuation practices which clarifies how a fund's Board of Directors can satisfy obligations concerning fair value determination.
Industry groups offered recommendations on an SEC proposal to establish a regulatory framework for fund valuation practices.
The SEC issued an Order extending relief to investment funds and advisers from in-person board meeting obligations.
The staff of the SEC Division of Investment Management withdrew 2010 guidance which reviewed the permissibility of an SEC-registered, closed-end fund determining to opt in to a control share acquisition statute authorized under state law.