SEC Proposes Cross-Trading Rule Amendments For Funds
The Securities and Exchange Commission has proposed amendments to the Investment Company Act cross-trading rule.
The Securities and Exchange Commission (SEC) has proposed amendments to the Investment Company Act "cross-trading rule," according to SEC_Press. The rule permits transactions in securities between a registered fund and its affiliates under certain conditions.
Proposed Regulatory Changes
Instant Telegram notifications for large on-chain moves.
The regulatory changes aim to modify the framework governing how registered investment funds execute transactions involving affiliated entities. The agency outlined the proposed framework in its announcement.
Key facts
- The SEC proposed amendments to the Investment Company Act cross-trading rule.
- The rule permits transactions in securities between a registered fund and its affiliates under certain conditions.
Source: sec.gov
This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.
