Form N-PORT and Form N-CEN Reporting; Guidance on Open-End Fund Liquidity Risk

 The Securities and Exchange Commission (“Commission”) is adopting amendments to reporting requirements on Forms N-PORT and N-CEN that apply to certain registered investment companies, including registered open-end funds, registered closed-end funds, and unit investment trusts. The amendments will require more frequent reporting of monthly portfolio holdings and related information to the Commission and the public, amend certain reporting requirements relating to entity identifiers, and require open-end funds to report information about service providers used to comply with liquidity risk management program requirements. In addition, the Commission is providing guidance related to open-end fund liquidity risk management program requirements.

The Securities and Exchange Commission (“Commission”) is extending the effective date for the amendments to Form N-PORT that were adopted on August 28, 2024, from November 17, 2025, to November 17, 2027. The Commission is also extending the effective date of the amendments to the rule under the Investment Company Act of 1940 (“Investment Company Act”) associated with Form N-PORT reporting requirements. In addition, the Commission is extending the compliance dates for these amendments related to Form N-PORT reporting requirements. The effective and compliance date for the amendments to Form N-CEN contained in the same release adopted on August 28, 2024, will remain November 17, 2025.