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Foley Regulatory Alert: SEC Modernizes Framework for Registered Fund Valuation Practices

On December 3, 2020, the Securities and Exchange Commission (“Commission” or “SEC”) announced the adoption of a new rule that establishes an updated regulatory framework for valuation practices of registered investment...more

Foley Governance and Regulatory Alert: Use of Derivatives by Registered Investment Companies and BDCs

On October 28, 2020, the Securities and Exchange Commission (referred to as SEC or Commission) voted to adopt new rules, and rule and form amendments, designed to provide an updated, comprehensive approach to the regulation...more

Foley Governance and Regulatory Alert: SEC Adopts New Rule for Fund of Funds Arrangements

On October 7, 2020, the Securities and Exchange Commission (“SEC” or “Commission”) adopted a new rule, Rule 12d1-4, and related amendments designed to permit a registered investment company or business development company or...more

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