Mutual Funds See Win in Fight to Blunt SEC ‘Swing Pricing’ Plan

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The mutual-fund industry claimed victory on Monday after the US Securities and Exchange Commission signaled it will likely revamp a plan that would have forced asset managers to change part of their pricing models.

The SEC’s latest rulemaking agenda indicates its staff is preparing to recommend reproposing the agency’s November 2022 bid to make it costlier for investors to redeem shares during times of extreme market tumult. The original plan, which would have imposed so-called swing pricing during periods of high redemptions, had drawn fierce pushback from the industry.