Home SEC: Rulemaking
SEC: Rulemaking
The SEC adopts amendments to the recordkeeping rules applicable to broker-dealers, security-based swap dealers, and major security-based swap participants
"We saw such systemic issues during the onset of the Covid-19 pandemic, when many investors sought to redeem their investments from open-end funds. The resulting ...
"This rulemaking also will require institutional investment managers to disclose how they voted on 'say-on-pay' matters, which fulfills the mandate under" Dodd-Frank
"The Commission is too enthusiastic about the rule’s purported benefits to pay much attention to its costs"
"Today’s proposed amendments to the Commission’s liquidity management and swing pricing rules resemble less a series of regulatory initiatives than an essay on Greek tragedy"
"The proposal would require all funds to determine and maintain a minimum amount of highly liquid assets, which can help funds better meet investor redemptions. ...
"The Commission’s actions today will make the information provided on Form N-PX easier to understand, and will also facilitate comparisons across funds"
"These proposals, if adopted, would dramatically alter how investors buy and sell fund shares. The proposals potentially reduce investor choice, and come with significant compliance ...
This final rule from the SEC takes effect July 1, 2024
"Small entities will have to endure compliance costs that are not insignificant, as will smaller funds. These costs will be in addition all of the ...