Assertion: fund | /r/CapableOf | establish criterion
Facets:
Source sentences:
text: Funds are required to adopt policies and procedures that require monitoring for circumstances that may necessitate the use of fair value prices; establish criteria for determining when market quotations are no longer reliable for a particular portfolio security; provide a methodology or methodologies by which the fund determines the current fair value of the portfolio security; and regularly review the appropriateness and accuracy of the method used in valuing securities, and make any necessary adjustments.
text: Funds should continuously monitor for events that might necessitate the use of fair value prices, and funds should establish criteria for assessing the availability of market quotations.