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SEC Proposes Liquidity Management Reforms for Open-End and Exchange-Traded Funds
Mayer Brown 
[Guidance Overview] Sept. 29, 2015 "Under the proposed reforms, mutual funds and ETFs would be required to implement liquidity risk management programs and enhance disclosure regarding fund liquidity and redemption practices. The proposal is designed to better ensure that investors can redeem their shares and receive their assets in a timely manner." |
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