SEC Issues "Critical Reminder" on Private Credit Valuations

SEC Staff Highlights Fair Value and Disclosure Considerations for Private Assets

The staff of the Securities and Exchange Commission, including the Office of the Chief Accountant and the Division of Investment Management (the “Staff”), recently issued a Statement on Fair Value Measurement and Disclosure Considerations for Private Assets (the “Statement”).  The Statement highlights considerations for applying Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic...

SEC urges rigor as private credit market expands

The Securities and Exchange Commission Monday issued a notice reminding companies to be rigorous in valuing private credit-related assets and disclosing their valuation techniques to investors.

SEC issues "critical reminder" on private credit valuations

The US financial regulator has issued a “critical reminder” that the industry must maintain rigour in valuing private assets, particularly private credit, as the pool of investors in the asset class grows. The Securities and Exchange Commission (SEC) said the statement concerned existing requirements rather than new rules. However, it stressed to industry participants the […]

SEC urges greater scrutiny of private asset valuations

The US Securities and Exchange Commission has issued a reminder to asset managers, auditors and other market participants to strengthen their approach to valuing private assets and explaining those valuations to investors as liquidity pressures across private markets increase, according to a report by Bloomberg.