On behalf of the trade associations listed below, we request reasonable extensions of the comment periods for two significant, potentially transformative, proposed rulemakings. On November 2, 2022, the Securities and Exchange Commission (“SEC” or “Commission”) released a 444-page proposal, “Open-End Fund Liquidity Risk Management Programs and Swing Pricing, Form N-PORT” (“Liquidity and Swing Pricing Proposal”). That proposed rulemaking follows closely on the heels of the Commission’s release, on October 26, 2022, of a 232-page proposal, “Outsourcing by Investment Advisers” (“Outsourcing Proposal”). While we have material concerns with the substance of the proposals, if the Commission finds it necessary to proceed, at a minimum we request that the Commission extend the comment period for each of the proposals by 90 days.
Recommended
- Finance
Sound Regulations Are the Cornerstone of Trust in Capital Markets
Careful regulation and the trust-building nature of quality audits were major themes at a recent Chamber event, which featured industry leaders from the audit community.
By Evan Williams
- Finance
The FTC’s Grocery Theories Should Stay on the Shelf
By Sean Heather
View this online