SEC proposes liquidity management rules for mutual funds, ETFs

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission unanimously voted on Tuesday to propose new rules requiring mutual funds and exchange-traded funds to create new programs to manage liquidity risks.

The plan by the SEC is one of several measures the agency on the agency's policy agenda designed to implement additional safeguards for the asset management sector, which has come under increasing regulatory scrutiny since the 2007-2009 financial crisis.

(Reporting by Sarah Lynch; Editing by Eric Walsh)

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