The Rule Proposal includes a new rule, Rule 18f-4, which is an exemptive rule that would allow funds to enter into certain derivatives and financial commitment transactions notwithstanding the asset coverage restrictions of Section 18.
In April 2015, staff of the US Securities and Exchange
Commission's (SEC's) Division of Investment Management (IM
Staff) released a guidance update highlighting a number of measures
that registered investment companies and registered investment
advisers should consider in addressing cybersecurity