TODAY: The Commission proposed amendments to the Investment Company Act “cross-trading rule,” which permits transactions in securities between a registered fund and its affiliates under certain conditions. The proposed amendments would modernize and expand the cross-trading rule and would allow cross trades that are beneficial to registered funds and their shareholders (by, for example, reducing a fund’s trading costs), subject to enhanced investor protection measures. https://www.sec.gov/newsroom/press-releases/2026-104-sec-proposes-expanding-securities-eligible-cross-trading-registered-funds?utm_medium=email&utm_source=govdelivery