WirepolicyPublisher preview

SEC Proposes Expanding Securities Eligible for Cross Trading by Registered Funds

The Securities and Exchange Commission today proposed amendments to the Investment Company Act “cross-trading rule,” which permits transactions in securities between a registered fund and its affiliates under certain conditions.

SEC

SEC Proposes Expanding Securities Eligible for Cross Trading by Registered Funds

Why it matters

Policy text and timing change what products can ship and who can custody or list assets. Read the primary draft before treating a headline as a rule.

Automated desk note. Not Dextape reporting.

Read the full story

Headline and excerpt from SEC’s public feed. SEC holds the copyright and publishes the full story; Dextape links to it rather than reprinting it.