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News October 25, 2004 Issue

SEC Planning Valuation Guidance

The SEC has heard the fund industry’s concern about the need for additional guidance on the topic of fair value pricing, said Jennifer McHugh, senior advisor to Division of Investment Management director Paul Roye. The Commission, she said, is "very interested" in providing additional guidance, which she said "could take the form of an interpretative release or some other form of comprehensive, . . . meaningful, guidance."

McHugh was speaking at the October 19 SIA Mutual Fund Reform Update conference.