The U.S. Securities and Exchange Commission has proposed amendments to Rule 17a-7 under the Investment Company Act to restore cross-trading capabilities for most fixed income securities between registered funds and their affiliates. This practice was previously restricted by fund valuation rules implemented in 2020.
The proposal introduces updated pricing and oversight conditions and requires funds engaging in cross-trades to submit summary reports. SEC Chair Paul Atkins stated that cross-trading can help funds avoid public market transaction costs. The public comment period for the proposed rule change will remain open for 60 days.
SEC Proposes Rule Change to Restore Fixed Income Cross-Trading for Registered Funds
免責事項: Phemexニュースで提供されるコンテンツは、あくまで情報提供を目的としたものであり、第三者の記事から取得した情報の正確性・完全性・信頼性について保証するものではありません。本コンテンツは金融または投資の助言を目的としたものではなく、投資に関する最終判断はご自身での調査と、信頼できる専門家への相談を踏まえて行ってください。
