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SEC issues guidance to enhance investment company reporting

  • SEC document Image

Oct 13, 2016

The SEC has issued three final rules, “Investment Company Reporting Modernization,” “Investment Company Liquidity Risk Management Programs," and "Investment Company Swing Pricing.”

The new rules, which are part of the SEC’s initiative to enhance the monitoring and regulation of the asset management industry, will (1) enhance transparency and modernize the reporting of information by registered investment companies, (2) provide for liquidity risk management programs and disclosures by open-end management investment companies, and (3) permit the use of “swing pricing” by certain open-end management investment companies.

The final rule on investment company swing pricing is effective on November 19, 2018. The final rules on investment company liquidity risk management programs and reporting modernization are effective on January 17, 2017, except where mentioned in the final rules.

For more information, see the press release and final rules on the SEC’s Web site.

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