SEC liquidity rule delay a double-edged sword for asset managers

Some mutual funds say a staggered approach to implementation will add to their workload

SEC press association

Last month, the US Securities and Exchange Commission handed mutual funds a gift in the form of a six-month delay in implementation of the trickier aspects of its liquidity risk management (LRM) programme rule.

The regulator initially scheduled an open meeting on February 21 to discuss the changes to Rule 22-e4, but cancelled the meeting at the last minute, only to quietly issue a press release later that night announcing the delay.

While the circumstances of the announcement left many

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: