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Key Takeaways From SEC's Fund Disclosure Guidance, Law360

March 28, 2016

In early March, the staff of the U.S. Securities and Exchange Commission’s Division of Investment Management published IM Guidance Update 2016-02 regarding the disclosure practices of registered funds.

The guidance indicates that because risk is dynamic in nature, the degree and types of risk that a fund may be exposed to will vary over time and, accordingly, fund managers should periodically evaluate the sufficiency of fund disclosures in light of changing market conditions.

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