The Rule Proposal includes a new rule, Rule 18f-4, which is an exemptive rule that would allow funds to enter into certain derivatives and financial commitment transactions notwithstanding the asset coverage restrictions of Section 18.
The US Securities and Exchange Commission (SEC or Commission) has approved certain proposed rule reforms designed to enhance effective liquidity risk management by open-end funds, including mutual funds and exchange-traded funds (ETFs).
In April 2015, staff of the US Securities and Exchange
Commission's (SEC's) Division of Investment Management (IM
Staff) released a guidance update highlighting a number of measures
that registered investment companies and registered investment
advisers should consider in addressing cybersecurity
The US Securities and Exchange Commission (SEC) has settled an administrative proceeding against a hedge fund manager, its 95 percent owner and chief executive officer, and its general counsel (who also served as chief operating officer), arising out of allegations that the fund manager improperly used fund assets to pay for adviser-related operating expenses
The Wall Street Journal (the "Journal") has reported1 that the US Securities and Exchange Commission ("SEC") is drafting proposed rules for the asset management industry that are designed to address the perceived risks posed by the industry to the financial system.