New Rules, Proposed Rules, Guidance and Alerts -

NEW RULES -

SEC Adopts Interim Final Rule Amending Timing Requirements for Filing Reports on Form N-PORT -

On February 27, 2019, the SEC adopted an interim final rule amending Rule 30b1-9 under the Investment Company Act of 1940 to:

• require reports on Form N-PORT for each month in a fiscal quarter to be filed with the SEC no later than 60 days after the end of that fiscal quarter, rather than 30 days after the end of each month; and

• require that funds, not later than 30 days after the end of each month, maintain the information required on Form N-PORT, and make that information available to the SEC promptly upon request.

These amendments have the effect of delaying the filing deadline for non-public fund data reported on Form N-PORT. The amendments do not change the substance of the information funds will need to provide to the SEC on Form N-PORT, nor do they affect the amount or timing of that information that will be made public. As with the original rule, the reports for the first two months of a quarter will not be publicly released, and the report for the final month of a quarter will be made public upon filing (with the exception of certain items identified on Form N-PORT).