The SEC’s new derivatives rule: practical implications for funds

25 February 2021 • 10:00 AM - 11:00 AM EST

The SEC recently adopted Rule 18f-4 under the 1940 Act, which will establish a comprehensive framework for the use of derivatives transactions by registered funds.  The rule will replace SEC guidance and staff no-action letters that together have governed the use of derivatives by registered funds for over 40 years with an expansive regulatory framework.  Funds will not need to come into compliance with the rule until the summer of 2022, but most fund families will need to devote significant time and resources to prepare for the new regulatory framework in advance of the compliance date. 

Members of the Asset Management and Investment Funds practice of K&L Gates will provide a webinar on this rule, which will include the following topics:

  • Overview of the Rule;
  • Approving a Derivatives Risk Manager;
  • Understanding the Derivatives Risk Management Program;
  • What to Expect in Board Reporting; and
  • Board Obligations When Funds Fall Out of Compliance
SEC Derivatives New Rule Speaker Graphic
Moderator: Michael Sorrell, Associate General Counsel, FIA
Presenters: Kenneth Holston, Partner, K&L Gates
Stephen Humenik, Partner, K&L Gates
Michael McGrath, Partner, K&L Gates
Fatima Sulaiman, Partner, K&L Gates
Date/Time: Thursday, 25 February 2021 | 10:00 a.m. – 11:00 a.m. EST

This webinar is intended for informational purposes only and is not intended to provide investment, tax, business, legal or professional advice. Neither FIA nor its members endorse, approve, recommend, or certify any information, opinion, product, or service referenced in this webinar.  FIA makes no representations, warranties, or guarantees as to the webinar’s content.