On October 9, the SEC proposed amendments to broaden the categories of securities eligible for cross‑trading by registered funds, aiming to modernize rulemaking that has become restrictive following changes to valuation requirements in 2020. The revisions are intended to better align the cross‑trading framework with current fixed‑income markets, where pricing data is easier to observe and verification practices have improved. The proposal also includes corresponding updates to Form N‑PORT and Form N‑MFP so that funds may report cross‑trading activity in a more consistent and transparent manner. Continue reading "SEC Proposes Expanded Cross‑Trading Eligibility..." »