FYI: On October 13, 2016, the Securities and Exchange Commission (SEC) announced a new set of rules to address mutual fund liquidity risks. Rule 22e-4, called the “Final Rule,” requires each registered open-end management investment company, like a mutual fund, to establish a robust liquidity risk management procedure.
This new rule and the procedures with which each mutual fund will need to comply officially go into effect on December 1, 2018.
Regards,
Ted
http://mutualfunds.com/education/overview-new-liquidity-risk-management-rules/
