Client Alert
The Securities and Exchange Commission recently proposed new rules and amendments designed to enhance liquidity risk management requirements for certain open-end management investment companies, including mutual funds and exchange-traded funds but excluding money market funds. Under the Proposal, covered funds would be required to implement liquidity risk management programs and enhance disclosure regarding fund liquidity and redemption practices. The Proposal also provides a framework under which certain open-end funds (excluding ETFs) could elect to use “swing pricing” to effectively pass on transactional costs stemming from shareholder purchase or redemption activity to the shareholders associated with that activity.

Related Practices

We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

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