SEC

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SEC

SEC Rule 2a-5 – Frequently Asked Questions

The SEC has modernized its framework for fund valuation practices by issuing Rule 2a-5 , the most comprehensive statement of mutual funds’ fair valuation obligations adopted over the past 50 years, under the Investment Company Act of 1940. The rule establishes new requirements for determining fair value in good faith—requirements that could have far-reaching implications for many asset managers.