The Securities and Exchange Commission's proposals to modernize its regulation of fund use of derivatives and leverage again increase the scope and complexity of the responsibilities of investment company fund directors. If you are a mutual fund director, click here to read Jay Baris' article in Fund Board Views regarding what you need to know about the SEC's proposals and how they could affect you.

Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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