United States:
Federal Register: SEC Extends Compliance Deadline For Open-End Fund Liquidity Risk Management Requirements
01 March 2018
Cadwalader, Wickersham & Taft LLP
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The SEC interim final rule granting open-end funds additional
time to comply with the liquidity risk management program's
classification requirements under
Investment Company Act Rule 22e-4 was published in the Federal Register
(see
previous coverage). The deadline for open-end funds, including
mutual funds and exchange-traded funds, was changed to June 1,
2019, for larger fund groups, and December 1, 2019, for smaller
fund groups. Other provisions will go into effect, as originally
scheduled, on June 1, 2018.
The SEC is requesting comments on the interim final rule.
Comments must be received by April 27, 2018.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
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