The SEC adopted a final rule to impose additional liquidity risk requirements by open-end funds, such as mutual funds and exchange-traded funds. The final rule was published in the Federal Register.
The final rule is effective on January 17, 2017. The SEC stated that most funds will be required to comply with the liquidity risk management program requirements on December 1, 2018. Fund complexes with less than $1 billion in net assets will be required to comply on June 1, 2019.
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