SEC final amendments relating to liquidity disclosures and Form N-Port classification reporting for open-end funds were published in the Federal Register. The amendments will become effective on September 10, 2018.
As previously covered, the amendments will (i) require funds to disclose the performance of their liquidity risk management programs in their annual or semi-annual shareholder reports, (ii) allow funds to divide their portfolio holdings on Form N-Port by "reporting multiple liquidity classification categories for a single position under specified circumstances," and (iii) require funds to "disclose their holdings of cash and cash equivalents not reported elsewhere" on Form N-PORT.
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