The SEC’s recent release adopting amendments to money market funds contained new guidance for mutual fund directors regarding their valuation obligations. The release discusses the obligations of directors to provide oversight of pricing services and the circumstances under which fund directors can continue to value short-term debt securities at amortized cost. This guidance, which is not limited to money market funds, may require funds and their directors to revise some of their current practices.
Tomorrow at 2pm EST, Stuart Coleman and Bob Plaze from Stroock & Stroock & Lavan LLP will discuss the new guidance, the extent to which it may require fund boards to reconsider existing policies and practices, and choices boards and management companies will face in doing so.
This webinar will be broadcast live from 2:00 to 3:00 Eastern time on Wednesday, April 15, 2015. To register, click here. If you need assistance, call the Forum at (202) 507-4488