Summary - On 2 November 2022, the U.S. Securities and Exchange Commission (SEC) voted 3-2 to propose amendments (proposed amendments) to Rule 22c-1 under the Investment Company Act of.
The SEC proposes amendments to the Investment Company Act. This would include required swing pricing, required hard close, changes to fund liquidity risk management and Form NPORT Reporting Frequency. The comment period for the proposed amendments is 60 days after publication.
The Securities and Exchange Commission on November 2, 2022 proposed significant revisions to its rules governing open-end investment company liquidity risk management and swing pricing..