MFDF News Feed

April 29, 2020

Morningstar notes that investors pulled $326 billion from mutual funds and ETFs overall in March — more than three times the $104 billion in outflows in October 2008 during the last major financial crisis.

April 29, 2020

Join Marcy Kempf and Aly Cottam, partners from Cohen & Company, for a walk through of the relevant rules that govern auditor independence within the registered fund environment, as well as hear about recent rule changes, final and proposed, that the SEC has made regarding auditor independence.

April 28, 2020

Join Broadridge experts on April 29, 2020 at 10 a.m. in a webinar as they use a case study format to answer key questions for fund boards on active funds' recent performance.

April 27, 2020

Lawyers write that the proposal’s requirements for directors “would increase board members’ de facto involvement in the oversight of funds’ derivatives use compared to current practice.”

April 23, 2020

Lawyers from Pillsbury Shaw in a memo identify fundamental and practical challenges to the deal-making process and analyze how the global pandemic may play out in merger negotiations.

April 22, 2020

Auditors tell media social distancing mandates have stopped on-site visits to count inventory and review internal controls.

April 22, 2020

Proposed rule 2a-5 under the 1940 Act would establish requirements for satisfying a fund board’s obligation to determine fair value in good faith for purposes of the 1940 Act.

April 21, 2020

Public companies urged to provide as much information as is practicable to investors regarding their current financial and operating status, and future operational and financial planning.

April 20, 2020

Nathan Briggs, a partner at Ropes & Gray, will discuss several of the most important issues for directors to consider in connection with the Offering Reform as well certain issues arising that are unique to closed-end funds as a result of COVID-19.

April 16, 2020

The SEC said the rule amendments are designed to streamline the registration, offering and investor communications processes for BDCs and registered closed-end funds.

April 15, 2020

April 15, 2020

There is ever-rising pressure on boards to diversify, ensuring that the board is composed to include varying perspectives and experiences.

April 14, 2020

Experts as well as media have noted the recent rise in remote work has also led to a spike in cybercrime.

April 13, 2020

OCIE also released a risk alert providing broker-dealers and investment advisers with advance information about the scope and content of initial examinations for compliance with Reg BI and Form CRS.

April 9, 2020

There has been no official change to the LIBOR deadline, however the phaseout faced challenges even before the COVID-19 crisis.

April 8, 2020

Join Julie Wolf, Senior Partner, US Business Leader at RHR International LLP as she discusses how to effectively conduct virtual board meetings and the risks/challenges to anticipate.

April 7, 2020

Morningstar: Conventional funds that say they consider ESG factors in their investment process had gained $933 billion in assets by the end of 2019.

April 7, 2020

Join ACA's Mike Pappacena and Erik Olsen for a discussion about the impact a total work from home environment has on investment advisers, funds, and their vendors.

April 6, 2020

In a letter to the SEC’s Division of Trading and Markets, SIFMA lists a variety of regulatory requirements that broker dealers have found challenging to accomplish remotely.

April 3, 2020

The MFDF has compiled a list of resources to keep fund directors up to date on relevant regulatory and business topics during the global health crisis.