Guest Articles & White Papers

Funds Face New Liquidity & Swing-Pricing Requirements

November 16, 2022

FORVIS: On November 2, 2022, the SEC issued a 444-page proposal that would significantly change liquidity risk management and pricing practices for open-end management investment companies, including:

  • Updating the classification of investment liquidity and requiring a minimum of 10% of highly liquid assets
  • Requiring the use of swing pricing and implementing a hard close
  • Timelier, more frequent (monthly), and more detailed public reporting of fund information
  • To learn more download the FORVIS White Paper