On December 3, 2020, the Securities and Exchange Commission (SEC) adopted new rule 2a-5 ("Rule 2a-5") under the Investment Company Act of 1940, as amended ("1940 Act") addressing valuation practices ...

In the release adopting Rule 38a-1, the SEC provided specific areas that it stated the rule requires fund fair valuation policies and procedures to address. The requirements for policies and ...

The volatility experienced by financial markets in 2020 demonstrated how firms’ approaches to valuation needed to be re-assessed, as many firms struggled to complete asset pricing within time ...

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This article was written by Brad Foster, Regulatory & Accounting Products and Reference Data at Bloomberg and Scott Coulter from Bloomberg’s Regulatory & Accounting Products group. What’s in a price?