Investment Company Cross Trading
The Securities and Exchange Commission (the "Commission") is proposing to amend the rule under the Investment Company Act of 1940 (the "Investment Company Act") that permits securities transactions between a registered investment company and certain affiliates (referred to as "cross trades"), subject to conditions. The proposed amendments are designed to expand the scope of securities that are eligible for cross trading, modernize the rule's conditions, and enhance investor protection. The Commission also proposes to require aggregated reporting of trading activity and cross trades in Form N- PORT and Form N-MFP.
Related coverage
- Privacy Act of 1974; Systems of Records
- Premium Tax Credit
- Taking and Importing Marine Mammals; Taking Marine Mammals Incidental to Russian River Estuary Management Activities
- Amendment to Memorandum Describing the Authority and Assigned Responsibilities of the General Counsel of the Federal Labor Relations Authority
- Meaning of Terms as Used in This Subchapter; Representation Proceedings; National Consultation Rights and Consultation Rights on Government-Wide Rules or Regulations; Miscellaneous and General Requirements
- Corporate Credit Unions; Fidelity Bond and Insurance Coverage for Federally Insured Credit Unions