Summary:
This publication includes articles and observations from PwC on tax developments for mutual fund audit committees and lists publications of interest to mutual fund directors.

This edition includes articles on the following topics and more:

• Spotlight on complex investments: Non-agency residential mortgage-backed securities
• Changes to consolidation as outcome of proposed investment entity definitions
• Tax developments: Moving forward with FATCA implementation
• Summary of developments for the six months ended June 30, 2012
• Publications of interest to mutual fund directors