SAN ANTONIO -- As new governance requirements officially took effect last week, panelists here at the Investment Company Institute's Tax & Accounting Conference said the proper valuation of securities and the monitoring of such processes will be one key to keeping firms out of regulatory hot water.

The chief compliance officer provision, which took effect last week on Oct. 5, is the mandate that garnered the most attention among the new set of requirements. However, new policies concerning the valuation of securities may be just as significant to many in the industry, executives said.

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