SEC to Re-Propose 'Swing Pricing' Rule for Wall Street's Open-End Funds

Jul 8, 2024, 10:05 PM

The U.S. Securities and Exchange Commission (SEC) is set to re-propose the 'swing pricing' rule for open-end funds. This move comes as the SEC no longer expects to proceed with the previously proposed regulations on liquidity management for these funds. The mutual-fund industry has claimed victory, as the SEC's signal to revamp the plan would have forced asset managers to change part of their pricing models. This development is seen as a reprieve for asset managers.