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The SEC adopted amendments relating to liquidity disclosures and Form N-Port classification reporting for open-end funds.
As previously covered, the amendments will:
- require funds to discuss the operation and effectiveness of their liquidity risk management program in their annual or semi-annual shareholder report;
- allow funds to split their portfolio holdings into more than one classification category in specific circumstances on Form N-PORT; and
- require funds to "disclose their holdings of cash and cash equivalents not reported elsewhere" on Form N-PORT.
The amendments will become effective 60 days after their publication in the Federal Register.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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