When an investment company owns shares it is contractually barred from selling, should those shares still be valued as if they could be sold tomorrow? America’s top accounting rulemaker says no — and it wants to change the rules accordingly.
The Financial Accounting Standards Board proposed new guidance on July 1 that would require investment funds to apply a discount when valuing shares they are contractually barred from selling. The board is accepting public comments on the proposal through July 17, 2026.
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