In response to the mutual fund industry’s need for transparency and insight into how peers are approaching the SEC's liquidity risk management program rule, ACA recently conducted a survey of mutual fund/ETF complexes and investment advisers/sub-advisers to mutual funds/ETFs. ACA received anonymous responses from 77 entities, with an almost even split between fund complexes and advisers.
The survey covered the following topics:
- The liquidity program administrator
- The delegation and frequency of liquidity classification
- Asset class classification
- Board of director approval of a fund’s liquidity program
- “Primarily” highly liquid assets
- In-Kind ETFs
Can ACA help with your program development?
ACA is working with clients to help with program management and development of policies and procedures, readiness assessments using our proprietary liquidity risk rule matrix, and guidance and insight into industry trends and best practices.
Visit ACA’s Liquidity Risk Management Program Rule resource page for access to white papers, news insights, and webcasts to assist funds, ETFs, advisers, and sub-advisers in understanding the intricacies and requirements of the liquidity risk management program rule.
For More Information
If you have questions, please contact Maureen Colligan at firstname.lastname@example.org.