Swing Pricing Content

Washington, DC, July 8, 2024—The Investment Company Institute (ICI) released the following statement regarding the Securities and Exchange Commission (SEC) Division of Investment Management's announcement that they intend to recommend re-proposing the open-end fund liquidity and...

The Investment Company Institute and ICI Southwest are writing to express our joint concerns with the SEC’s proposal to (i) amend the liquidity risk management rule (the “liquidity rule”) for mutual funds and ETFs (“funds”) and (ii) mandate that mutual funds impose a “hard close” on...

The 2023 Investment Management Conference (IMC) brought together industry and government leaders to share best practices and better understand compliance and financial regulation. In case you couldn’t attend or just want to recap the action, here is what we learned at the conference...

ICI submitted a comment letter to the SEC's on their proposal for liquidity, swing pricing, hard close, and Form N-PORT. The proposal would radically change the liquidity risk management requirements for open-end funds (i.e., mutual funds and ETFs), impose on mutual funds a "hard...

Washington, DC; February 14, 2023—Investment Company Institute (ICI) President and CEO Eric Pan released the following statement regarding the Securities and Exchange Commission’s (SEC) proposal to amend open-end fund liquidity risk management programs and impose mandatory swing...

Washington, DC; November 2, 2022—Investment Company Institute (ICI) President and CEO Eric Pan released the following statement today after the Securities and Exchange Commission (SEC) proposed rule amendments around swing pricing: “The SEC’s swing pricing proposal could have an...

‘Regulation by hypothesis’ is bad for the capital markets. By Eric J. Pan (As published in the Wall Street Journal, October 31, 2022) The Securities and Exchange Commission’s job is to make markets work. But today’s SEC leadership—which as of August had proposed 26 new rules this year...