A March 13 article published by BoardIQ titled “Liquidity Rule Delay Offers Reprieve but Few Answers” discusses how the recent delay for aspects of the 2016 liquidity rule provides an opportunity for independent directors to better understand how management is approaching the rule generally. With more time, directors could focus on better understanding how the adviser is managing liquidity risk and identifying risk based on their specific circumstances, says investment management partner Jeremy Smith, in the piece.
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