SIFMA Asset Management Group Recommends Improvements To The SEC Proposed Rule Regulating Fund Use Of Derivatives

SIFMA’s Asset Management Group (SIFMA AMG) today announced it has submitted a comment letter to the Securities and Exchange Commission (SEC) regarding the SEC’s proposed rule governing registered funds’ use of derivatives. SIFMA AMG’s letter supports the SEC’s regulatory goals, while expressing opposition to the proposed portfolio limits and recommending important changes to certain aspects of the proposed rule, including changes to the proposed portfolio limits and asset segregation requirements.