Added Perspective

SEC looks for boards to focus on pricing when it matters most

May 21, 2020

By Deloitte

On April 21, the Securities and Exchange Commission proposed rule 2a-5 under the Investment Company Act of 1940. The proposed rule is the culmination of years of SEC outreach and speculation designed to provide boards and investment advisers of registered investment companies with a consistent, modern approach to the determination of fair value. In its latest edition of the Mutual Fund Directors and Investment Advisers Digest, Deloitte explores key takeaways of the proposed rule and its potential impact on boards, advisers, and auditors.

 

To read the full report, click here.

 

 

Most Read

Top of the Agenda - Governance
Directors: Focus on prospectus for ESG funds

Environmental, social, and governance investing has been a huge topic of discussion in the mutual fund industry over the past several years, including in fund boardrooms. ...