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Funds call for delay to SEC’s ‘nebulous’ liquidity rule

Industry groups say monitoring tools are six months from ready

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Industry groups are calling for the US Securities and Exchange Commission (SEC) to delay its liquidity risk management rules, saying more time is needed to build the tools necessary to comply.

Regulation that requires US mutual funds to roll out a formal liquidity risk management programme should be put on hold for up to a year, fund industry associations say. Pushing back the deadline would

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