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SEC RIN: 3235-AL61 Publication ID: Fall 2016 
Title: Investment Company Liquidity Risk Management Programs; Investment Company Swing Pricing 

The Commission adopted a new rule requiring open-end funds to adopt and implement liquidity management programs. The Commission also adopted rule amendments that permit open-end funds to use "swing pricing" and form amendments that enhance disclosure regarding fund liquidity and redemption practices. 

Agency: Securities and Exchange Commission(SEC)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 17 CFR 210    17 CFR 270    17 CFR 274   
Legal Authority: 15 U.S.C. 80a-37(a)    15 U.S.C. 80a-22(c)    15 U.S.C. 80a-31(a)    15 U.S.C. 77a et seq.    15 U.S.C. 77aaa et seq.    15 U.S.C. 78a et seq.    15 U.S.C 80a et seq.   
Legal Deadline:  None
Action Date FR Cite
NPRM  10/15/2015  80 FR 62274   
NPRM Comment Period End  01/13/2016 
Final Action  11/00/2016 
Regulatory Flexibility Analysis Required: Yes  Government Levels Affected: None 
Small Entities Affected: Businesses  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL:;  
RIN Data Printed in the FR: Yes 
Agency Contact:
Sarah ten Siethoff
Division of Investment Management
Securities and Exchange Commission
100 F Street NE,
Washington, DC 20549
Phone:202 551-6729