SEC Issues Proposal on Open-End Funds

The SEC has issued a proposed rule, Open-End Fund Liquidity Risk Management Programs and Swing Pricing; Form N-PORT Reporting. Among other things, the proposal would “improve liquidity risk management programs to better prepare funds for stressed conditions and improve transparency in liquidity classifications.”

For more information, see the press release and fact sheet, as well as statements by SEC Chair Gary Gensler and Commissioner Jaime Lizárraga, on the SEC’s Web site.