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SEC proposes reforms to promote effective liquidity management

  • SEC (US Securities and Exchange Commission) Image

Sep 23, 2015

The SEC has issued a proposed rule that would introduce a package of reforms “designed to enhance effective liquidity risk management by open-end funds, including mutual funds and exchange-traded funds (ETFs).”

The proposal would require mutual funds and ETFs to “implement liquidity risk management programs and enhance disclosure regarding fund liquidity and redemption practices.” The proposed reforms would “better ensure investors can redeem their shares and receive their assets in a timely manner.”

Comments on the proposed rule are due by January 13, 2016.

For more in­for­ma­tion, see the press release and pro­posed rule on the SEC’s Web site.

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