In this issue

New Rules, Proposed Rules and Guidance

• SEC Adopts New Rules Mandating Open-End Fund Liquidity Risk Management Programs and Permitting Swing Pricing
• SEC Adopts Rules to Modernize and Enhance Investment Company Reporting SEC Requests Comment and Data on the Extension of Proposed Universal Proxy Requirements to Funds
• SEC Staff No Longer Requires “Tandy” Representations in Filing Review

Litigation and Enforcement Actions

• SEC Settles Charges Against Adviser for Improper Fair Valuation of Bonds

To read the Regulatory Update, click the link below.