SEC Liquidity Risk Management Proposal: How Funds Can Prepare

November 02, 2015

The Securities and Exchange Commission has proposed farreaching changes to the way registered open-end funds— including open-end exchangetraded funds (ETFs) but not money market funds (MMFs)—assess and manage liquidity risk. The proposal will likely require firms to implement new monitoring and assessment procedures that go well beyond traditional portfolio monitoring procedures, and it may require many fund complexes to acquire new systems to implement these procedures.

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