In The Press July 20, 2021

SEC Updates Regulatory Framework for Good Faith Determinations of Fair Value (Journal of Investment Compliance)

On December 3, 2020, the U.S. Securities and Exchange Commission voted to adopt new Rule 2a-5 (the “Fair Value Rule”) under the Investment Company Act of 1940, which addresses the valuation practices of registered investment companies and business development companies. This article by Goodwin Financial Industry and Investment Management members Christopher Palmer, Paul Delligatti, Andrew Zutz and William Lane provides an overview of the Fair Value Rule, followed by a more detailed summary of the key provisions, including relevant guidance provided by the SEC in the release adopting the Fair Value Rule. Read the byline in the Journal of Investment Compliance here.