Regolamentazione dei mercati · 20/04/20041 min di lettura
Revision of Rule Concerning Holding Period and Disclosure Requirements for Members' and Employees' Investment Company Transactions
Traduzione automatica locale · Lingua originale della fonte
Riepilogo
The Securities and Exchange Commission is amending its rule covering member and employee securities transactions. The amended rule updates the definition of money market fund; removes the exception to the six-month holding period for shares of a unit investment trust having a term of less than six months; requires Commission members and employees to hold investment company shares for a minimum of 30 days before they are permitted to transfer those assets to another registered investment company within the same family of registered investment companies; and requires Commission members and employees to report every purchase or sale of investment company shares, other than money market fund shares.