New Rules, Proposed Rules, Guidance and Alerts -

NEW RULES -

SEC Delays Form N-PORT EDGAR Filing Requirement by Nine Months -

On December 8, 2017, the SEC adopted a temporary rule (the Temporary Rule) delaying by nine months the requirement that registered investment companies file reports on new Form N-PORT on the EDGAR system. Under the Temporary Rule, larger fund groups that previously would have been required to submit their first reports on Form N-PORT on EDGAR for the period ending June 30, 2018 (due no later than July 30, 2018) will submit their first reports on Form N-PORT on EDGAR by April 30, 2019. Smaller fund groups will begin submitting reports on Form N-PORT on EDGAR by April 30, 2020. Notably, larger fund groups must begin collecting and maintaining information required to be included on Form N-PORT by the original June 1, 2018 compliance date, notwithstanding that the information will not be submitted to EDGAR. The Form N-PORT information collected and maintained during this nine-month delay period (the Delay Period) will be subject to all applicable recordkeeping rules and requirements, including being subject to examination by the SEC staff. Smaller fund groups will not be required to collect and maintain Form N-PORT information during the Delay Period.