The NCREIF PREA Reporting Standards Board and Council invite all interested parties to comment on the exposure draft: Proposed changes to time-weighted return and related disclosure requirements for closed-end funds. The Reporting Standards requirement for closed-end funds to report time-weighted return was reported by investment managers as an issue for claiming compliance. However, the majority of investors wanted TWR to remain a requirement within the Reporting Standards. The project included researching and analyzing these differing views with a goal to support a position as to the appropriateness of the requirement within the Reporting Standards which balances best reporting practices and reporting requirements.
The 2018 strategy aims to expand the adoption of the Reporting Standards by improving the transparency and consistency of reporting across closed-end funds. With industry comment and the support of our sponsors, NCREIF and PREA, the Board and Council continues its mission to establish, manage and promote reporting standards for the industry to facilitate informed investment decision making. The comment period for the above referenced exposure draft concludes on January 22, 2018.
reportingstandards.info 