---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-125772"
form_type: "8-K"
ticker: "DHY"
cik: "0001061353"
company_name: "CREDIT SUISSE HIGH YIELD CREDIT FUND"
filed_at: "2023-12-13T23:59:59+00:00"
generated_at: "2026-06-07T13:19:03.000027+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SEC orders Credit Suisse Asset Management to pay $10M for violating Investment Company Act in managing DHY

## Summary
- SEC administrative order finds Credit Suisse violated Section 9(a) of 1940 Act from Oct 2022 to Jun 2023 while acting as adviser to DHY.
- Credit Suisse and affiliates censured, agree to cease and desist; pay disgorgement, interest, and civil penalties totaling $10,080,220.
- Fund not involved in underlying consent judgment; services continue under temporary exemption until June 12, 2024, then transition to UBS advisers.

## SEC filing metadata
- accession: 0001104659-23-125772
- form_type: 8-K
- ticker: DHY
- cik: 0001061353
- company_name: CREDIT SUISSE HIGH YIELD CREDIT FUND
- filed_at: 2023-12-13T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1061353/000110465923125772/0001104659-23-125772-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1061353/000110465923125772/tm2332692d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-125772
- JSON: https://secwatch.observer/filing/0001104659-23-125772.json
- Plain text: https://secwatch.observer/filing/0001104659-23-125772.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.