Regulatory Alerts2018-02-27 | 2018-03917Added
Investment Company Liquidity Risk Management Programs; Commission Guidance for In-Kind ETFs
The Securities and Exchange Commission has adopted an interim final rule extending the compliance dates for specific liquidity risk management requirements under Rule 22e-4, Form N-LIQUID, and Form N-PORT. The revised deadlines are set for June 1, 2019, for larger entities and December 1, 2019, for smaller entities, while other provisions remain unchanged. The Commission also issued guidance to assist funds and In-Kind ETFs in identifying illiquid investments for the 15% illiquid investment limit without requiring full portfolio classification.
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