SEC: Rulemaking

This is the SEC's new proposed rule directing IAs to gauge the potential of conflicts created by use of AI-like technologies

MMF boards will be able to delegate the administration of the new fee framework to their investment advisers

The SEC proposes to amend the B-D customer protection rule to require certain broker-dealers to perform their customer and B-D reserve computations and make any ...

The amendments would require certain broker-dealers to compute their customer and broker-dealer deposit requirement daily rather than weekly

"Keeping reserve bank accounts up-to-date on a daily basis can provide better customer protection and ameliorate systemic risk"

"Today’s adoption contains the same flaw that tanked the 2014 money market fund rulemaking—an insistence that our own judgment is superior to that of money ...

"The amendments we are proposing today would strengthen the customer protection rule by helping to ensure that broker-dealers maintain sufficient funds to reimburse their customers, ...

"Today’s rule draws upon lessons learned from both 2008 and 2020. First, it removes the link between liquidity fees and redemption gates, on the one ...

"Today’s amendments are narrowly tailored to address the risk that a mismatch may develop and persist between the net cash large broker-dealers owe to their ...

"Today’s rules will amend Form PF for large liquidity fund advisers to align their reporting requirements with those of money market funds. Taken together, the ...