过去20年,美国开放式基金快速发展,在规模不断扩大的同时,市场变得越来越复杂,风险也随之加大,管理流动性风险已成为开放式基金最重要的工作。2015年9月,美国证监会(SEC)对《投资公司法》进行了修订,进一步加强开放式基金流动性风险管理。本文对《投资公司法》的修订意见进行了摘译整理。 Over the past two decades, with the rapid development of U.S. open-end funds, the market has become more and more complex with more and more risks. As a result, managing liquidity risk has become the most important task for open-end funds. In September 2015, the Securities and Exchange Commission (SEC) amended the Investment Company Law to further strengthen the liquidity risk management of open-ended funds. This article has carried on the translation and revision to the revision opinion of Investment Company Law.