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Fair Value Determination – PVR Source

Learn more about Fair Value Determination – PVR Source
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Your online due diligence platform for SEC 2a-5 compliance

Aimed at modernizing valuation practices, the SEC Rule 2a-5 seeks to provide a framework for fund valuation practices which fund boards can use to create processes to determine fair value of investments in good faith.

To comply, fund boards need a detailed understanding of processes and methodologies used by vendors for fair value pricing and as part of this review, additional transparency metrics to assist in the validation process is essential. Requirements may also vary across asset classes given nuances from fixed income securities to derivatives.

To help manage compliance requirements, our due diligence platform, PVR Source, offers a centralised space to access methodology documents, backtesting reports, aggregated challenge statistics across fixed income and derivatives valuations that can readily be presented to the board.

PVR Source: The online portal for SEC Rule 2a-5 compliance
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Benefits

Receive an aggregated report with all the information you need related to pricing vendor diligence including:

Reduced risk

Methodology documentation

Customer service

Due diligence presentations and videos

Customer service

Challenge statistics and Back-testing studies

Features

Reduced risk

Delivery can be direct or via a Fund Administrator

Customer service

Mechanism to request additional portfolio specific information

Customer service

Report updated quarterly

Thought Leadership

  • alt text
    Video | June 2022

    Unpacking the U.S. SEC Rule 2a-5

    Krishna Shetty, Executive Director in Pricing, Valuation and Reference Data, discusses the U.S Securities and Exchange Commission (SEC) Rule 2a-5 and modernization of valuation practices with Richard Schwartz, Head of Research at Global Custodian. Watch the interview.
  • alt text
    Article | June 2022

    New SEC Rule on Fair Value Determination Needs Careful Consideration

    With the compliance date for the new U.S SEC Rule on fair value determination (Rule 2a-5) approaching, we discuss with Pensions & Investments how asset managers can improve transparency in asset valuations to meet the requirements. Read article now.
  • alt text
    Article | July 2021

    Deciphering SEC Rule 2a-5: Getting ahead to comply

    The SEC’s rule 2a-5 has established requirements for fund boards to determine fair value in good faith. Ahead of the deadline for compliance, we outline the key considerations and requirements of the rule.

FAQs

What is the SEC Rule 2a-5?

The SEC Rule 2a-5, which goes into effect in September 2022, provides a framework for fund valuation practices that fund boards can use to create processes to determine fair value of investments in good faith.

How to comply with the SEC Rule 2a-5?

The SEC Rule 2a-5, which goes into effect in September 2022, provides a framework for fund valuation practices that fund boards can use to create processes to determine fair value of investments in good faith.

What is PVR Source?

PVR Source is a web-based portal that hosts due diligence information, including data and support documentation, in one easy to access location to assist clients in their ability to meet compliance requirements.

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