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US SEC’s new derivatives rule drops key investor safeguards from original plan, commissioner’s dissent says

( October 28, 2020, 19:33 GMT | Official Statement) -- MLex Summary: The US Securities and Exchange Commission’s new framework for mutual funds’ derivatives investments abandoned a number of risk and disclosure investor safeguards from the original proposal, Commissioner Allison Herren Lee’s dissent said. Risk limits have been converted to outer bounds “calibrated specifically to ensure that they will have no impact on funds’ existing practices,” she said. Funds also won’t have to disclose new and expanded leverage risks. Both Lee and the other Democrat on the commission, Caroline Crenshaw, dissented from final adoption of the rule.See document below. ...

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