Regulation· ★★· neutral·

SEC Proposes to Re-Allow Fixed-Income Cross-Trades Between Funds and Affiliates

  • —SEC Chair Paul Atkins unveiled the Rule 17a-7 amendments on October 9
  • —The changes would restore cross-trading of most fixed-income securities between funds and affiliates
  • —Registered funds would have to report cross-trade activity on an aggregate basis
  • —The SEC says cross-trading cuts costs versus open-market transactions
Why it matters: The rule has been largely unchanged since the 1980s, and easing it could lower fund costs, though it has no direct crypto market impact.
Source: TokenPost
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