SEC Extends Liquidity Rule Classification Deadline by Six Months

Mutual fund managers concerned about the requirements of the SECs Liquidity Risk Management Rule got a partial reprieve on the evening of February 21. The Commission voted to create an interim final rule extending the compliance deadline for the most contentious part of the Rule - the requirement that open-end funds classify their securities into four liquidity groupings, often referred to in the industry as "buckets" - by six months.
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