Fund Valuation Practices,”
dated December 3, 2020
The SEC announced that it voted to adopt new rule
2a-5 of the Investment Company Act of 1940 that
establishes an updated regulatory framework for
determining good faith fair values of fund
investments that incorporates the assessment and
management of material valuation risks, the
establishment, application and testing of fair
valuation methodologies, and enhanced oversight
of pricing services. The new rule also requires
periodic reporting by the valuation designee to
facilitate board oversight and defines when market
quotations are “readily available.”
Note: Full-text of this paper can be obtained by clicking
on the above title.
";
"
";
"
";
"
";
"
";
"
";