SEC Extends Fund Liquidity Report Deadline Drama
Published Date: 4/22/2025
Rule
Summary
The SEC is giving funds more time to follow new rules for Form N-PORT by pushing the start date from November 2025 to November 2027. This delay affects open-end funds and helps them get ready without rushing. However, the rules for Form N-CEN stay on track for November 2025, so some deadlines are still coming up fast!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Form N-PORT Delay to 2027
If you run or manage an open-end fund, the SEC pushed back the start date for the Form N-PORT amendments from November 17, 2025 to November 17, 2027. The delay also covers related amendments to the Investment Company Act rule tied to N-PORT that were published on September 11, 2024, giving funds two extra years to prepare and comply.
Form N-CEN Date Stays 2025
If you file Form N-CEN, the SEC kept the effective and compliance date for the Form N-CEN amendments at November 17, 2025. Filers must be ready to meet those Form N-CEN requirements by that November 17, 2025 deadline.
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