Foley Governance and Regulatory Alert: Use of Derivatives by Registered Investment Companies and BDCs
By EsqSocial Corporation 30/10/20
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 of funds’ use of derivatives. The new rule, Rule 18f-4, permits funds to enter into derivative transactions if they comply with certain conditions designed to protect investors......
By: Foley & Lardner LLP