Dechert Webinar Series: Navigating the Recent SEC Rulemakings, Part 1

New Rule 18f-4: Registered Funds’ and BDCs’ Use of Derivatives, Part 1

The SEC recently adopted Rule 18f-4, which provides a new regulatory framework under Section 18 of the Investment Company Act of 1940 for addressing leverage and other risks related to registered funds’ and BDCs’ use of derivatives and certain other transactions that may create leverage. In this two-part webinar, speakers will discuss key issues for funds and BDCs in implementing Rule 18f-4.

Topics covered in Part 1 will include:

• Overview of regulatory framework.
• Developing a derivatives risk management program.
• Developing derivatives risk management policies and procedures for limited derivatives users.
• Board considerations.