SEC Proposes New Rules to Further Regulate Funds’ Derivatives

By | 01/13/2020 | 2:06 pm ET

  The Securities Exchange Commission (SEC) recently proposed new rules that aim to create a more comprehensive approach to the regulation of funds’ use of derivatives (i.e. through business development companies and Registered Funds). The proposal is comprised of three components: new SEC Rule 18f-4 under the Investment Company Act of 1940 (“Act”); SEC Rule 15l-2 under the Securities Exchange Act of 1934 and rule 211(h)-1 under the Advisers Act of…

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