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SEC extends compliance date for open-end fund liquidity classification

  • SEC (US Securities and Exchange Commission) Image

Feb 23, 2018

The SEC has voted to extend by six months the deadline for open-end funds to comply with certain elements of the SEC’s liquidity management program rule.

The SEC issued Final Rule 33-10233, Investment Company Liquidity Risk Management Programs, in October 2016. The SEC decided to extend the compliance date to give open-end funds more time to implement the rule’s classification requirement. The new compliance dates are as follows:

[T]he compliance date for implementation of the classification and classification-related elements of the liquidity rule is June 1, 2019, for larger fund groups, and Dec. 1, 2019, for smaller fund groups. The other requirements will go into effect as originally scheduled: Dec. 1, 2018, for larger fund groups, and June 1, 2019, for smaller fund groups.

For more information, see the press release and updated FAQ document on the SEC’s Web site.

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