One Year Ago In Derivatives Week
The American Bar Association's Task Force on Investment Company Use of Derivatives and Leverage's review of derivative use by mutual funds was just beginning to take shape, as officials said they'd be focusing on the legislative framework, disclosure requirements and board oversight. [The task force released the results of that review last month, advocating that segregation amounts be based on the riskiness of a particular derivative, not just the notional (DW, 7/12). They also advocated that new rules be principle-based, allowing individual funds to create rules that would be approved by regulators.]
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