SEC Issues Q&A Addressing Recent Amendments to Rule 2a-7

May 25, 2010

The SEC’s Division of Investment Management issued a Q&A addressing various issues raised by the amendments to Rule 2a-7 under the 1940 Act that were adopted on February 23, 2010.  The Q&A addresses the following five topics:

  • Compliance deadlines;
  • Liquidity;
  • Stress testing;
  • Quality; and
  • Website Posting.

The SEC stated that it expects to update the Q&A from time to time to include responses to additional questions.

Click here to access the Q&A.


Mutual Funds, Regulatory