November 2, 2010

SEC Responds to Queries About Fund Directors’ Responsibilities Under Rule 10f-3, 17a-7 And 17e-1

The staff of the SEC’s Division of Investment Management in a letter to the Independent Directors Council and Mutual Fund Directors Forum responded to public queries regarding confusion about mutual fund directors’ responsibilities to make determinations under Rule 10f-3, 17a-7 and 17e-1 under the 1940 Act.

Continue reading...