In this issue

New Rules, Proposed Rules, Guidance and Alerts

• SEC Proposes Changes to Fund Liquidity Disclosure Requirements
• SEC Delays Compliance Date for Certain Requirements of the Liquidity Risk Management Program Rule, Including Portfolio Investment Classifications
• SEC Staff Issues Liquidity Risk Management Program FAQs

Litigation and Enforcement Actions and Initiatives

• SEC Announces Self-Reporting Initiative Regarding Mutual Fund Share Class Selection Disclosure
• Section 36(b) Excessive-Fee Suit Against JP Morgan Dismissed

Download the Regulatory Update below.