MFDF News Feed
The MFDF News Feed is an electronic journal, or "blog," of alerts, analysis, news and tools focused on the needs of independent directors. Click here to subscribe to the MFDF News Feed and have it delivered electronically to your e-mail inbox.
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May 5, 2020
ACA Guidance on Safe and Effective Virtual MeetingsACA Compliance in recent guidance lists some measures that can enhance teleconferencing security.
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May 5, 2020
Positive Reactions to Valuation Proposal; Peirce Hits Reporting RequirementsWhile Commissioner Peirce generally praised the proposal, she expressed concern about its potentially “overly prescriptive approach to ensuring adequate board administration of the fair valuation process.”
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May 4, 2020
MFDF Webinar: Current Board Priorities: Valuation Rule and COVID-19 ConsiderationsJoin Ropes & Gray LLP partners Paulita Pike, Elizabeth Reza and Adam Schlichtmann as they discuss these issues and share practical insights for Boards.
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April 30, 2020
Dear Board Doc: Minutes, Notes are Not in SyncThere are several process, business and legal reasons why certain matters are not described in detail in minutes, and the decision is not driven simply by a fear of litigation.
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April 29, 2020
Morningstar: March 2020 Outflows Tops 2008Morningstar 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.
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April 29, 2020
MFDF Webinar: Current Trends and Auditor IndependenceJoin 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.
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April 28, 2020
Broadridge Webinar: Rating Active Funds’ PerformanceJoin 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.
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April 27, 2020
Analysis of Derivatives Proposal Sees More Active Role for BoardsLawyers 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.”
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April 23, 2020
How to Think About Mergers NowLawyers 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.
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April 22, 2020
Auditors Grapple with Distancing Challenges; Tools for Audit CommitteesAuditors tell media social distancing mandates have stopped on-site visits to count inventory and review internal controls.
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April 22, 2020
SEC Proposes Modernized Framework for Fund ValuationProposed 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.
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April 21, 2020
SEC Encourages Firms to be Vigilant with DisclosurePublic 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.
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April 20, 2020
MFDF Webinar: Closed-End Funds: Offering Reform and COVID-19 ConsiderationsNathan 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.
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April 16, 2020
SEC Adopts Closed-End Fund Reforms, Provides Temporary BDC ReliefThe SEC said the rule amendments are designed to streamline the registration, offering and investor communications processes for BDCs and registered closed-end funds.
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April 15, 2020
MFDF Webinar: Advancing Diversity: Fund Board Composition Considerations for 2020 and Beyond Learn more -
April 15, 2020
MFDF Webinar: Advancing Diversity: Fund Board Composition Considerations for 2020 and BeyondThere is ever-rising pressure on boards to diversify, ensuring that the board is composed to include varying perspectives and experiences.
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April 14, 2020
Data Protection, Cybersecurity Top of Mind for BoardsExperts as well as media have noted the recent rise in remote work has also led to a spike in cybercrime.
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April 13, 2020
Commissioners Differ on Regulatory Action; SEC Maintains Reg BI Compliance DateOCIE 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.
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April 9, 2020
Will Pandemic Slow LIBOR Transition?There has been no official change to the LIBOR deadline, however the phaseout faced challenges even before the COVID-19 crisis.
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April 8, 2020
MFDF Webinar: Planning Effective Virtual Board MeetingsJoin 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.
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