Regulatory and Legislative

SEC “Hard Close” Proposal Published in Federal Register

The Securities and Exchange Commission (SEC) proposed rule titled, Open-End Fund Liquidity Risk Management Programs and Swing Pricing; Form N-PORT Reporting, has been published in the federal register. With publication in the register, comments on the proposal are due by February 14, 2023. Highlights of the proposal were previously announced.

Regulatory and Legislative

IRS Provides 2024 Electronic Filing Relief for Form 5330

IRS Provides 2024 Electronic Filing Relief for Form 5330

The IRS notes in a new post that electronic filing of Form 5330, Return of Excise Taxes Related to Employee Benefit Plans, will not be required for the remainder of the 2024 taxable year—confirming that taxpayers may continue to file by paper.