SEC Extends Effective and Compliance Dates for Requirements Related to Registered Investment Companies

The SEC has extended the effective and compliance dates for its August 2024 final rule that amends the requirements related to the information that registered investment companies (e.g., registered open-end funds, registered closed-end funds, unit investment trusts) report on Forms N-PORT and N-CEN. The amendments “require more frequent reporting of monthly portfolio holdings and related information to the Commission and the public, amend certain reporting requirements relating to entity identifiers, and require open-end funds to report information about service providers used to comply with liquidity risk management program requirements.”

The new compliance dates will be extended by two years. Accordingly, the new dates will be (1) November 17, 2027, for larger fund groups (previously November 17, 2025) and (2) May 18, 2028, for smaller fund groups (previously May 18, 2026). The purpose of the extension is to “provide time for the Commission to complete its review of the amendments in accordance with a Presidential Memorandum and take any further appropriate actions, which may include proposed amendments to Form N-PORT.”

For more information, see the press release on the SEC’s Web site.