Board's Responsibility of Derivatives

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During this webinar, Ken Holston and Fatima Sulaiman,  partners in K&L Gates LLP’s Asset Management and Investment Funds Practice, will discuss fund boards’ responsibilities under the new derivatives rule applicable to registered funds.  The SEC recently adopted Rule 18f-4 under the 1940 Act, which establishes a comprehensive regulatory framework for the use of derivatives transactions by registered funds. The rule will replace SEC guidance and staff no-action letters that together have governed the use of derivatives by registered funds for over 40 years.  Rule 18f-4’s conditions include specific board oversight and reporting requirements related to funds’ management of derivatives risks.  The webinar will cover topics including:

  • Overview of the new Derivatives Rule,
  • Approving a Derivatives Risk Manager,
  • Understanding the Derivatives Risk Management Program,
  • Defining the Board’s Oversight Role,
  • What to Expect in Board Reporting, and
  • Board Obligations When Funds Fall Out of Compliance

Who Should Attend
All independent directors, CCOs, and professionals in the fund industry are welcome to participate. 

Forum webinars are closed to the media.