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.
Personalized for You
How does this regulation affect your finances?
Personalize government policy and PRIA will tell you what this federal register document means for your household, plus every other regulation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163, The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373, Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222, Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651, Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-16781, Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing of a Proposed Rule Change To Amend Sections 303A.00 and 303A.07 of the NYSE Listed Company Manual
The New York Stock Exchange (NYSE) is giving listed companies more time to set up their internal audit teams, which help keep an eye on risks and controls. This change affects all companies listed on the NYSE and aims to make the transition smoother without rushing. No new costs or deadlines are added yet, but companies should prepare for the updated timeline once it’s official.
2026-16784, Self-Regulatory Organizations; The Depository Trust Company; Order Approving Proposed Rule Change To Amend the Redemptions Service Guide and the Operational Arrangements (Necessary for Securities To Become and Remain Eligible for DTC Services)
Previous / Next Documents
Previous: 2025-06841, Airworthiness Directives; Airbus Canada Limited Partnership (Type Certificate Previously Held by C Series Aircraft Limited Partnership (CSALP); Bombardier, Inc.) Airplanes
If you own an Airbus Canada BD-500-1A11 plane, listen up! The FAA found some new safety rules after checking the plane’s structure and stress limits. You’ll need to review past repairs, fix any issues, and stop using certain repair methods soon to keep flying safe and sound.
Next: 2025-06769, Purchasing of Property and Services
The Postal Service is updating its rules on buying property and services to make contract dispute decisions clearer and easier to understand. These changes affect anyone who works with Postal Service contracts and aim to speed up how disagreements get settled. The updates roll out soon and help save time and hassle for everyone involved.