In a recent speech by Andrew Donohue, Director of the Division of Investment Management of the Securities and Exchange Commission, at the Investment Company Institute, 2009 Mutual Funds and Investment Management Conference, Mr. Donohue recognized the challenges of valuing portfolio securities in an uncertain market. Mr. Donohue highlighted the availability of a bibliography prepared by the staff of the Division of Investment Management that lists select relevant provisions of the Investment Company Act (the Act), related rules and Commission guidance concerning valuation. The bibliography is intended to assist funds and their counsel in understanding and applying valuation requirements under the Act and includes proposing releases, select staff guidance (e.g., no-action letters), and related enforcement actions.

http://sec.gov/divisions/investment/icvaluation.htm