An article published by Ignites reports that though fund companies oppose the SEC’s idea of requiring firms to classify each of their holdings into one or more of six so-called buckets based on liquidity, many are resigned to the prospect of this becoming a reality. However, larger fund complexes are generally not at present making specific changes in anticipation of this, stated investment management partner, Brian McCabe (Boston) in the piece. “I think the sense is they don’t want to build for six buckets and then find out we’ve got two,” Mr. McCabe explains. The article, published on April 25, outlines the findings of 130 industry workers recently surveyed by Interactive Data, who state they expect that the SEC will move forward with the quantitative liquidity buckets contained in its September rule proposal.
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.