ICI Call to Discuss SEC's Fair Valuation Proposal: May 7 at 2:00 pm ET

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April 27, 2020 TO: Accounting/Treasurers Committee
SEC Rules Committee
Security Valuation Operations Committee
Small Funds Committee RE: ICI Call to Discuss SEC's Fair Valuation Proposal: May 7 at 2:00 pm ET

 

On April 21, the SEC proposed new Rule 2a-5 under the Investment Company Act, which would address the fair valuation responsibilities of a fund’s board and its adviser(s).[1]  ICI summarized this proposal last week.[2]

ICI will host a call to discuss the proposal and gather member feedback for its comment letter on May 7 at 2:00 pm ET.   The dial-in will be 1-888-658-9303, and the passcode will be 7479789.

 

Gregory M. Smith
Senior Director, Fund Accounting and Compliance

Matthew Thornton
Assistant General Counsel

 

endnotes

[1] Good Faith Determinations of Fair Value, SEC Release No. IC-33845, Apr. 21, 2020, available at www.sec.gov/rules/proposed/2020/ic-33845.pdf.

[2] See Memorandum to Members No. 32409, dated April 23, 2020.