SEC Adopted a New Rule Allowing Registered Funds to Enter Into Derivative Transactions

Orrick - Finance 20/20
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Orrick - Financial Industry Review

On October 28, the Securities and Exchange Commission (SEC) adopted a new rule 18f-4 under the Investment Company Act of 1940 allowing registered funds to enter into derivative transactions, provided they comply with certain conditions intended to protect investors. The rule will become effective 60 days after publication with an 18-month transition period for compliance with the provisions and related reporting requirements. Release.

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