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Tag: No Action

SEC Grants No Action Relief for Funds re Interest Rate Swaps

April 04, 2011

The SEC's Division of Investment Management extended temporary no-action relief under Section 17(f) of the Investment Company Act of 1940 to any registered investment company if the fund or its custodian places assets in the custody of LCH.Clearnet Limited (LCH Ltd), a derivatives clearing organization… read more