The SEC’s 2010 amendments to Rule 2a-7 under the Investment Company Act of 1940 require that a fund (or its transfer agent) have the capacity to redeem and sell its securities at a price based on the fund’s current net asset value per share, including the capacity to sell and redeem shares at prices that do not correspond to the stable net asset value or price per share. Advisers are reminded that the compliance date for funds and transfer agents to have this transaction processing capability is October 31, 2011.